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FNSACC513 Manage budgets and forecasts

ASSESSMENT REQUIREMENTS

Please read all assessment instructions to ensure you fully understand the requirements outlined in each task.

To achieve competence in the UNIT a learner must meet requirements for all assessment tasks listed before a result of competency can be awarded. Where competency is not achieved your assessor will provide feedback and request further evidence as needed.

It is important that you clearly understand all the requirements of assessment. If you have difficulty with the assessment terms or the steps to follow please speak to your Assessor/Instructor prior to commencing the tasks. Your Assessor will provide additional information to ensure all aspects of the tasks are clear.

RE-ASSESSMENT

If you do not achieve the required standard to achieve competence, you will be given the opportunity to be re-assessed by the assessor and the requirement for additional evidence will be outlined. Arrangements will be made on an individual basis to ensure the process is valid, fair and reliable.

ASSESSMENT APPEALS

A student who is dissatisfied with the outcome of his/her assessment should first discuss their concerns with the teacher/assessor and/or program coordinator in the associated business area. If the issue is not resolved, the student may appeal the decision(s) by following the Complaints and Appeals process as outlined in the Chisholm Student Guide.

  1. Project-(Budgets)

STUDENT INSTRUCTIONS

You are required to complete a Project as part of the assessment process to achieve competence in the associated unit. Your project will be completed electronically on computer where answers will be prepared and then printed off for submission. The project has three (3) sections. Your assessor will provide clear guidelines for the task including all criteria that must be covered and any specific tasks that must be carried out or evidence that must be submitted. This evidence may be gathered over time in a range of situations.

Please note that Project assessments are generally a combination of several tasks combined together to establish a deep understanding of concepts and their application. Projects will require significant planning and research, and may follow a systematic process as outlined by your Assessor.

These tasks will generate evidence that must be submitted as a collective to demonstrate competence and may involve the submission of work samples as well as evidence of research and specific tasks undertaken.

It is important that you read, understand and complete all aspects of this assessment as all parts are specific to the criteria set out in the unit requirements.

Assessment 1 -Project- Budgets
UNIT OF COMPETENCY – Code FNSACC513 Title Manage Budgets and Forecasts
Student Name Student Number
Student Signature Assessment Date
Description of project:

For this assessment task you are required to complete a project. The project will be completed in electronic format and a printed copy should be handed in to your teacher on the due date.

The project is made up of three (3)  sections and these are: 

PR1-Practical exercise- Prime solutions 

PR2- Practical exercise – Cash receipts budget

PR3- Practical exercise –Presentation and oral questions

Ø  Responses to PR 1 and PR 2 need practical calculations presented in a clear and presentable format. You may type your answers in word or use excel spreadsheet for making relevant calculations and presentation.

Ø  In PR 3 the teacher will ask you verbal questions based on your written responses to PR1 & PR2 to ascertain your competency. The verbal questions asked by the teacher do not require a written response from you.

Requirements for satisfactory completion.

§  You must submit typed (not hand-written) responses

§  You must respond using complete sentences, making direct reference to the question

§  You must address all parts of each question

§  You can complete the project in your own time outside of class time

§  You should start the project after week one and should make an attempt to complete part(s) of the project every week as the classes progress to be able to complete the entire project and submit it by week five.

§  You must use your own words—when occasionally quoting information from another source, you must acknowledge that source.

§  Chisholm has a clear policy on Plagiarism, collusion and referencing.

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