Discuss reports which are required to show an analysis of actual versus budgeted outcomes
The whole assessment should not be more than 1500 words (excluding appendices and references).
All tasks need to be headlined properly. Tasks:
BSBFIM501 Assessment Tasks 3 | P a g e Revised: January 2016
You are required to produce a research and analysis report on the
planning and implementation of financial management approaches,
monitoring/controlling finances and reviewing/evaluating financial
management processes in your organisation or any other organisation
(approved by the trainer). You need to provide details of the organisation
in task 1.
This organisation can’t be a very small size organisation with less than 20
staff members and annual revenue has to be more than a million. The
organisation also needs to be operated in Australia and organisation must
have a website for referencing and need to be referred by students.
You must provide references and website details of the chosen
This will include the following:
external stakeholders, and discuss their influence on the financial
decisions in to your organisation
prepare and provide an explanation on how each budget is developed
who are involved in the budget process (from planning to
implementation). List the specific budget they are interested in.
been allocated? How would you relate budget changes to your
strategic and business goals
variations to budgets/financial plans
your organisation? How do you use this to calculate estimates and
develop cost management plans?
BSBFIM501 Assessment Tasks 4 | P a g e Revised: January 2016
effectiveness of your financial management processes and make
recommendations to make improvement
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