BSBFIN601 Manage Organisational Finances

BSBFIN601 Manage Organisational Finances

Assessment Task 2

BSBFIN601 Manage Organisational Finances

Assessment Task 2 Cover Sheet

Student Declaration

To be filled out and submitted with assessment responses

¨   I declare that this task is all my own work and I have not cheated or plagiarised the work or colluded with any other student(s).

¨   I understand that if I am found to have plagiarised, cheated or colluded, action will be taken against me according to the process explained to me.

¨   I have correctly referenced all resources and reference texts throughout these assessment tasks.

Student name 
Student ID number 
Student signature 
Date 

Assessor declaration

¨   I hereby certify that this student has been assessed by me and that the assessment has been carried out according to the required assessment procedures.

Assessor name 
Assessor signature 
Date 
Assessment outcomeSNSDNSResubmission    Y     N

Feedback

Student result response

¨   My performance in this assessment task has been discussed and explained to me.

¨   I would like to appeal this assessment decision.

Student signature 
Date 

A copy of this page must be supplied to the office and kept in the student’s file with the evidence.

A close up of a logo

Description automatically generatedAssessment Task 2: Project Portfolio

Information for students

In this task, you are required to demonstrate your skills and knowledge by working through a number of activities and completing and submitting a project portfolio.

You will need access to:

  • a suitable place to complete activities that replicates a business environment including a meeting space and computer and internet access
  • BSBFIN601 Simulation Pack
  • your learning resources and other information for reference
  • Project Portfolio template
  • Budget template
  • Financial Reports.

Ensure that you:

  • review the advice to students regarding responding to written tasks in the Business Works Student User Guide
  • comply with the due date for assessment which your assessor will provide
  • answer all questions completely and correctly
  • submit work which is original and, where necessary, properly referenced
  • submit a completed cover sheet with your work
  • avoid sharing your answers with other students.
Speech Bubble: Rectangle: iAssessment information
Information about how you should complete this assessment can be found in Appendix A of the Business Works Student User Guide.Refer to the appendix for information on: where this task should be completedhow your assessment should be submitted. Note: You must complete and submit an assessment cover sheet with your work. A template is provided in Appendix B of the Student User Guide.

Activities

Complete the following activities:

  1. Carefully read the following:
AtomThis assessment requires you to demonstrate your skills and knowledge in managing finances. This project can be based on the case study business in the BSBFIN601 Simulation Pack. You will be collecting evidence for this unit in a Project Portfolio. The steps you need to take are outlined below.
  • Preparation
Person eatingMake sure you are familiar with the business you are basing this assessment on and have read through the necessary background information and policies and procedures. For the case study business, this is all of the documents included in the BSBFIN601 Simulation Pack. Complete Page 4 of your Project Portfolio for this unit. Read through the requirements of Section 1, 2 and 3 of your Project Portfolio which include detailed guidance relevant to all the assessment activities. Remember to create logical folders for all of your work and in the final assessment task you will submit a screenshot of these folders. This will ensure you follow record keeping requirements.
  • Prepare for financial management.
Person eatingYou are required to prepare for financial management. This involves: Accessing previous financial reports to identify profits and losses and the reasons for such.Reviewing and reporting on financial statements including profit and loss statements, cash flows, ageing summaries and provide revisions as required.Reviewing the business plan to identify and report on initiatives relevant to developing a budget, as well as timing of initiatives.Reviewing available information to assess and report and cash flow trends.Reviewing and reporting on statutory requirements relevant to compliance with financial requirements, as well as tax liabilities. Analysing the software currently used for financial management by the business and assessing its ongoing suitability. Identifying if any changes need to be made to the budget and financial plans and negotiating these changes. If you are completing this for the case study business, you will answer all the questions in your Portfolio based on your Simulation Pack.
DocumentComplete Section 1 of your Project Portfolio. Submit your Portfolio to your assessor.
  • Establish budgets and allocate funds
Person eatingNow that you have prepared for financial management, you are to establish budgets and allocate funds. This involves: Developing a budget for a specified period (see the instructions in your Portfolio) according to the business plan.Making sure that risk management processes are in place so that funds cannot be misappropriated. You are also to develop a presentation to in order to present the budget to the management for approval, as well as to ensure that reporting requirements and financial delegations are clearly understood by the team. Prepare your presentation following the guidelines in your Portfolio. Make sure your presentation has a logical structure and is in language that your team can understand. Your presentation will last for approximately 15 minutes and you will need to ensure you provide the opportunity for others (fellow students) to answer questions.
DocumentComplete Section 2 of your Project Portfolio. Submit your Portfolio to your assessor. Your assessor will then advise you of the date and time of your presentation, as well as the students who will be participating.
  • Financial management presentation.
ChatIn a group round-table style discussion with a student group of approximately two or three, you will provide your presentation. Each person will have a turn (15 minutes per person) to present their work. Your assessor will be looking to see that you can: demonstrate effective communication skills including:Speaking clearly and concisely Using non-verbal communication to assist with understanding Asking questions to identify required information Responding to questions as required Using active listening techniques to confirm understandingUse language that your audience can understand.
Speech Bubble: Rectangle: iThis can either be viewed in person by your assessor or you may like to video record the session for your assessor to watch later. Your assessor can provide you with more details at this step. Make sure you follow the instructions above and meet the timeframes allocated.
  • Reporting on finances
Person eatingCarefully review the information in your BSBFIN601 Simulation Pack and the instructions in your Portfolio. You are to assess and report on: Discrepancies between the amounts allocated for the budget and actual amounts. Review of overall financial performance. Effectiveness of the financial management processes.Your recommendations as relevant to financial performance and management. Work on Section 3 of your Project.
  • Submit your completed Project Portfolio 
DocumentMake sure you have completed all sections of your Project Portfolio, answered all questions, provided enough detail as indicated and proofread for spelling and grammar as necessary. Submit to your assessor for marking.

Assessment Task 2: Checklist

Student’s name:
Did the student:Completed successfully?Comments
YesNo 
Manage finances for a business/work area including complying with due diligence by completing all required tasks according to processes and reporting requirements?  
Review previous financial statements and assess reasons for losses or profits?  
Review the business report to analyse and report on critical dates and initiatives?  
Analyse cash flow trends for input into the budget?  
Review profit and loss statements, cash flows and ageing summaries and revise, accordingly?  
Review statutory requirements for compliance and liabilities for tax, as well as financial reporting requirements for the business?  
Analyse and report on existing software used by the business for financial management and its suitability?  
Ensuring that there is a suitable financial management system in place that can record all transactions?  
Develop a budget using previous financial data and to align with the business plan and according to compliance, workplace and statutory requirements?  
Contribute to financial bids and estimates by preparing the budget?  
Communicate the budget and financial management processes to managers and supervisors to make sure they understand key elements of the budget, reporting requirements and financial delegations?  
Ensure there are no opportunities for misappropriation of funds and manage risks by communicating processes to stakeholders?  
During the presentation, demonstrate effective communication skills including: speaking clearly and concisely using non-verbal communication to assist with understanding asking questions to identify required information responding to questions as required using active listening techniques to confirm understanding?  
Identify discrepancies between agreed and actual allocations using audit trails?  
Identify and prioritise significant issues in statements for review and decision making?  
Prepare financial recommendations?  
Evaluate effectiveness of financial management processes?  
Task outcome:SatisfactoryNot satisfactory
Assessor signature: 
Assessor name: 
Date: 
A close up of a logo

Description automatically generatedFinal results record
Student name: 
Assessor name: 
Date 

Final assessment results

TaskTypeResult
SatisfactoryUnsatisfactoryDid not submit
Assessment Task 1Knowledge questionsSUDNS
Assessment Task 2Project PortfolioSUDNS
Overall unit results CNYC 

Feedback

Student signature: __________________________________________   Date: ____________

Assessor signature:   _______________________________________   Date:  ____________

Order Now

Get expert help for BSBFIN601 Manage Organisational Finances and many more. 24X7 help, plag free solution. Order online now!

Universal Assignment (April 17, 2026) BSBFIN601 Manage Organisational Finances. Retrieved from https://universalassignment.com/manage-organisational-finances/.
"BSBFIN601 Manage Organisational Finances." Universal Assignment - April 17, 2026, https://universalassignment.com/manage-organisational-finances/
Universal Assignment December 5, 2022 BSBFIN601 Manage Organisational Finances., viewed April 17, 2026,<https://universalassignment.com/manage-organisational-finances/>
Universal Assignment - BSBFIN601 Manage Organisational Finances. [Internet]. [Accessed April 17, 2026]. Available from: https://universalassignment.com/manage-organisational-finances/
"BSBFIN601 Manage Organisational Finances." Universal Assignment - Accessed April 17, 2026. https://universalassignment.com/manage-organisational-finances/
"BSBFIN601 Manage Organisational Finances." Universal Assignment [Online]. Available: https://universalassignment.com/manage-organisational-finances/. [Accessed: April 17, 2026]

Please note along with our service, we will provide you with the following deliverables:

Please do not hesitate to put forward any queries regarding the service provision.

We look forward to having you on board with us.

Categories

Get 90%* Discount on Assignment Help

Most Frequent Questions & Answers

Universal Assignment Services is the best place to get help in your all kind of assignment help. We have 172+ experts available, who can help you to get HD+ grades. We also provide Free Plag report, Free Revisions,Best Price in the industry guaranteed.

We provide all kinds of assignmednt help, Report writing, Essay Writing, Dissertations, Thesis writing, Research Proposal, Research Report, Home work help, Question Answers help, Case studies, mathematical and Statistical tasks, Website development, Android application, Resume/CV writing, SOP(Statement of Purpose) Writing, Blog/Article, Poster making and so on.

We are available round the clock, 24X7, 365 days. You can appach us to our Whatsapp number +1 (613)778 8542 or email to info@universalassignment.com . We provide Free revision policy, if you need and revisions to be done on the task, we will do the same for you as soon as possible.

We provide services mainly to all major institutes and Universities in Australia, Canada, China, Malaysia, India, South Africa, New Zealand, Singapore, the United Arab Emirates, the United Kingdom, and the United States.

We provide lucrative discounts from 28% to 70% as per the wordcount, Technicality, Deadline and the number of your previous assignments done with us.

After your assignment request our team will check and update you the best suitable service for you alongwith the charges for the task. After confirmation and payment team will start the work and provide the task as per the deadline.

Yes, we will provide Plagirism free task and a free turnitin report along with the task without any extra cost.

No, if the main requirement is same, you don’t have to pay any additional amount. But it there is a additional requirement, then you have to pay the balance amount in order to get the revised solution.

The Fees are as minimum as $10 per page(1 page=250 words) and in case of a big task, we provide huge discounts.

We accept all the major Credit and Debit Cards for the payment. We do accept Paypal also.

Popular Assignments

Professional Nursing Assignment Help for Students: Achieve Academic Excellence with Expert Support

Introduction Nursing is a demanding field that combines theoretical knowledge with practical skills. Students pursuing nursing courses often face challenges in completing assignments that require accuracy, critical thinking, and real-world application. This is where nursing assignment help becomes an essential academic support system. With increasing academic pressure and clinical responsibilities,

Read More »

Economics Assignment Help: A Complete Guide for Students

Introduction Economics is a fundamental subject that helps students understand how markets, governments, and individuals make decisions regarding resources. While it is highly relevant in today’s world, many students find economics assignments challenging due to complex theories, graphs, and data analysis. This is where economics assignment help becomes extremely useful.

Read More »

Law Assignment Help: A Complete Guide for Students

Introduction Law is a complex and intellectually demanding field that requires critical thinking, analytical skills, and a deep understanding of legal principles. Students pursuing law often face challenges in completing assignments due to extensive research requirements and intricate case analysis. This is where law assignment help becomes highly beneficial. With

Read More »

Nursing Assignment Help: A Complete Guide for Students

Introduction Nursing is a highly respected and demanding field that requires a strong understanding of medical concepts, patient care, and clinical practices. Students pursuing nursing often face intense academic pressure due to complex assignments, practical responsibilities, and tight deadlines. This is where nursing assignment help becomes essential. With expert assistance,

Read More »

Finance Assignment Help: A Complete Guide for Students

Introduction Finance is a core subject in business and management studies, covering areas like investment analysis, financial management, and risk assessment. While it offers excellent career opportunities, many students find finance assignments challenging due to complex calculations and analytical concepts. This is where finance assignment help becomes essential. With expert

Read More »

Computer Science Assignment Help: A Complete Guide for Students

Introduction Computer Science is one of the most popular and dynamic fields of study, offering vast career opportunities in software development, data analysis, cybersecurity, and more. However, students often face difficulties in completing assignments due to the technical complexity and time constraints. This is where computer science assignment help becomes

Read More »

Digital Marketing Assignment Help: A Complete Guide for Students

Introduction Digital marketing has become a vital part of modern business strategies, making it a popular subject among students worldwide. From social media campaigns to search engine optimization, the field is dynamic and constantly evolving. However, completing assignments in this subject can be challenging due to its practical and analytical

Read More »

Cloud Computing Assignment Help: A Complete Guide for Students

Introduction Cloud computing has become a fundamental part of modern technology, powering everything from mobile apps to enterprise systems. As universities increasingly include this subject in their curriculum, students often find it challenging to keep up with assignments and projects. This is where cloud computing assignment help becomes essential. With

Read More »

Blockchain Assignment Help: A Complete Guide for Students

Introduction Blockchain technology has rapidly gained popularity across industries such as finance, healthcare, and supply chain management. As a result, it has become an important subject in academic programs worldwide. However, students often struggle with its technical concepts and practical applications. This is where blockchain assignment help becomes highly valuable.

Read More »

Data Science Assignment Help: A Complete Guide for Students

Introduction Data Science has become one of the most in-demand fields in today’s digital era, combining statistics, programming, and analytical thinking. However, many students find it difficult to keep up with the complexity of assignments and projects in this subject. This is where data science assignment help plays a crucial

Read More »

Artificial Intelligence Assignment Help: A Complete Guide for Students

Introduction Artificial Intelligence (AI) is transforming industries across the globe, making it one of the most sought-after academic subjects today. However, mastering AI concepts and completing assignments can be challenging for many students. This is where artificial intelligence assignment help becomes essential. With expert guidance, students can better understand complex

Read More »

Assignment Writing Services: A Complete Guide for Students

Introduction Assignments are a crucial part of academic life, helping students develop knowledge, research skills, and critical thinking. However, managing multiple assignments along with exams and personal responsibilities can be overwhelming. This is where assignment writing services become highly beneficial. These services provide expert assistance, helping students complete their assignments

Read More »

Blockchain Assignment Help: A Complete Guide for Students

Introduction Blockchain technology has emerged as one of the most revolutionary innovations in recent years. From cryptocurrencies to secure data management, blockchain is transforming industries like finance, healthcare, and supply chain. Students studying blockchain often face challenges due to its technical concepts and real-world applications. This is where blockchain assignment

Read More »

Assignment Writing Services: A Complete Guide for Students

Introduction Assignments are a crucial part of academic life, helping students develop knowledge, research skills, and critical thinking. However, managing multiple assignments along with exams and personal responsibilities can be overwhelming. This is where assignment writing services become highly beneficial. These services provide expert assistance, helping students complete their assignments

Read More »

Academic Writing Services: A Complete Guide for Students

Introduction Academic writing is a fundamental part of education, requiring students to produce essays, research papers, case studies, and dissertations. It demands strong writing skills, proper structure, and in-depth research. However, many students struggle with academic writing due to time constraints and lack of expertise. This is where academic writing

Read More »

Online Homework Help Services: A Complete Guide for Students

Introduction Homework is an essential part of a student’s learning process, helping reinforce classroom knowledge and improve understanding. However, with increasing academic pressure and multiple responsibilities, students often struggle to complete their homework on time. This is where online homework help services become highly beneficial. They provide expert guidance, save

Read More »

Thesis Writing Help: A Complete Guide for Students

Introduction A thesis is one of the most important academic documents a student will write during their educational journey. It requires in-depth research, critical analysis, and a clear presentation of ideas. However, many students find thesis writing overwhelming due to its complexity and time-consuming nature. This is where thesis writing

Read More »

Essay Writing Help: A Complete Guide for Students

Introduction Essay writing is a fundamental part of academic life, helping students express their ideas, analyze topics, and develop critical thinking skills. Whether it’s argumentative, descriptive, or analytical, writing a high-quality essay requires proper structure, research, and clarity. However, many students struggle with essay writing due to time constraints and

Read More »

Content Writing Assignment Help: A Complete Guide for Students

Introduction Content writing has become a crucial skill in the digital era, playing a key role in blogging, marketing, and online communication. From academic essays to website content, strong writing skills are essential for students across all fields. However, many students struggle with structuring content, maintaining clarity, and optimizing for

Read More »

Digital Marketing Assignment Help: A Complete Guide for Students

Introduction Digital marketing has become one of the most important skills in today’s online-driven world. From social media marketing to search engine optimization (SEO), businesses rely heavily on digital strategies to reach their audience. Students studying digital marketing often face challenges in understanding strategies, tools, and real-world applications. This is

Read More »

UI/UX Design Assignment Help: A Complete Guide for Students

Introduction UI/UX design is a crucial aspect of modern digital products, focusing on creating visually appealing and user-friendly interfaces. From websites to mobile apps, good design enhances user experience and engagement. Students studying UI/UX design often face challenges in creativity, tools, and usability principles. This is where UI/UX design assignment

Read More »

Can't Find Your Assignment?