BSBFIM501 Manage Budgets and Financial Plans

This unit requires that you complete three assessment tasks. You must complete all tasks to achieve competency for this unit.

Assessment Task About This Task

Assessment Task 1: Written Questions Students must correctly answer all questions in this task to demonstrate that they understand the knowledge required of the unit.

Assessment Task 2: Project

Plan and Implement Budget Students will negotiate a budget with another staff member, develop contingency plans and then distribute to staff.

Assessment Task 3: Report

Monitor, Control and Review Financial Processes Students will monitor and report on budget expenditure and undertake financial process improvements.

How to Submit Your Assessments

When you have completed each assessment task you will need to submit it to your assessor by the due date.

Instructions about submission can be found at the beginning of each assessment task.

Make sure you retain copy of your written activities before you submit those. Your submission to the assessor will keep into your student file. These will not be returned to you.

Assessment Task Cover Sheet

At the beginning of each task in this booklet, you will find an Assessment Task Cover Sheet. Please fill it for each task, making sure you sign the student declaration.

After assessing your tasks, your assessor will provide you feedback.

Assessment Appeals

You can make an appeal about an assessment decision by putting it in writing and sending it to us. Refer to your Student Handbook for more information about our appeals process. 

Have you read and understood what is required of you in terms of assessment?

Have you read and understood the RTO’s policies and procedures related to reassessment?

Do you understand the requirements of this assessment?   

Do you agree to the way in which you are being assessed?

Do you understand your rights to appeal the decisions made in an assessment?