University : | Newton College UniLearnO is not sponsored or endorsed by this college or university. |
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Subject Code : | BSBFIM801 |
Knowledge Evidence
Assessment Conditions
Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the business development – marketing field of work and include access to:
ASSESSMENT TASKS
Assessment Task 1: Written Questions
Assessment type
Written Questions
Assessment task description
This is the first (1st) of two assessment tasks you must successfully complete to be deemed competent in this unit of competency.
The task comprises eight (8) written questions.
Assessment 1 – Written Questions
1. Explain the following five important principles of modern accounting, with relevant examples, in no more than 100 words each.
2Describe the three financial statements and at least 3 key features of each. Explain how they are all linked and dependent on each other. Respond in no more than 750 words.
3. In the context of an organisation’s internal communication needs, (a) explain what written and verbal communication entail and when each is most effective (b) state 5 principles an organisation should follow when communicating information to employees (c) state 3 effects of poor organisational communication with suitable examples. Respond in no more than 500 words.
4. Answer the following in the context of financial reporting compliance requirements of a public-listed organisation with an annual GST turnover of $19.50 million:
a. The organisation has lodged the following documents to the Australian Security and Investment Commission (ASIC), based on the corresponding legislative obligations of the Corporations Act 2001. Summarise 5 additional documents that must also be lodged for the organisation to be compliant and fully meet the requirements of sections 295(2), 296(1), 295(4), 298-300A, 301 & 308 of the Corporations Act 2001.
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