Management homework help

Section A: Skills Activity

Objective: To provide you with an opportunity to show you have the required skills for this unit.

 

A signed observation by either an approved third party or the assessor will need to be included in this activity as proof of completion.

 

This activity will enable you to demonstrate the following skills:

  • Reading
  • Writing
  • Oral Communication
  • Numeracy
  • Navigate the world of work
  • Interact with others
  • Get the work done

 

Answer the activity in as much detail as possible, considering your organisational requirements.

 

  1. Evaluate whether your organisation is adhering to legislative requirements. What proof can you find to suggest they are or are not meeting legislative needs?

 

  1. Create a document which provides an analysis of factual and forecasted information. Your document should be prepared using the format, content and layout most appropriate to the audience and purpose of the document.

 

  1. Demonstrate your oral communication skills by explaining financial decisions and outcomes clearly and using listening and questioning techniques to exchange information and obtain agreement. For example, you may host a meeting, talk via a video conference or have a one-to-one discussion with someone.

 

  1. Describe a time when you have used your numerical skills. Provide details of the calculations, to show how you have either:

 

  • Reviewed and analysed numerical data embedded in organisational documentation and legislation; or
  • Compared and contrasted complex numerical data to analyse and evaluate financial position and processes; or
  • Used appropriate formulae to analyse financial data to assess and manage risk and identify discrepancies.

 

  1. Outline a task you have completed (which is part of your work role) where you have recognised, understood and adhered to legislative and organisational requirements.

 

  1. Describe a protocol which is in place in your organisation (and you have used), to communicate with supervisors and managers to share information or seek agreement.

 

  1. Give a demonstration to a supervisor or assessor on how to use a range of digital technology to access, filter, compile, integrate and logically present complex information from multiple sources. What new digital technologies and applications are available (or soon to be available) to manage and manipulate data?

 

Section B: Knowledge Activity (Q & A)

Objective: To provide you with an opportunity to show you have the required knowledge for this unit.

 

The answers to the following questions will enable you to demonstrate your knowledge of:

  • Identify the requirements for financial probity
  • Describe the principles of accounting and financial systems
  • Explain Australian, international and local legislation and conventions that are relevant to financial management in the organisation
  • Outline the requirements of the Australian Tax Office, including Goods and Services Tax, Company Tax, Pay As You Go

 

Answer each question in as much detail as possible, considering your organisational requirements for each one.

 

  1. What is financial probity?

 

  1. Describe three principles of accounting and financial systems.

 

  1. Explain one piece national piece of legislation and one local piece of legislation which is relevant to financial management in the organisation. Additional research may be needed for this question.

 

  1. Outline the requirements of Goods and Services Tax, Company Tax and Pay As You Go.

 

Section C: Performance Activity

Objective: To provide you with an opportunity to demonstrate the required performance elements for this unit.

 

A signed observation by either an approved third party or the assessor will need to be included in this activity as proof of completion.

 

This activity will enable you to demonstrate the following performance evidence:

  • Plan for financial management
  • Read and review profit and loss statements, cash flows and ageing summaries
  • Prepare, implement and revise a budget which aligns with the business plan, is based on research and analysis of previous financial data and cash flow trends, and meets all compliance requirements
  • Contribute to financial bids and estimates
  • Establish a budget and allocate funds in accordance with statutory and organisational requirements
  • Communicate with other people including:
  • reporting on financial activity and making recommendations
  • identifying and prioritising significant issues
  • ensuring managers and supervisors are clear about budgets
  • Analyse the effectiveness of existing financial management approaches including reviewing financial management software, managing risks of misappropriation of funds, ensuring systems are in place to record all transactions, maintaining an audit trail and complying with due diligence.

 

Answer the activity in as much detail as possible, considering your organisational requirements.

 

  1. Plan for financial management by reviewing previous financial data and analysing areas of profit and loss.

 

  1. Prepare, implement and revise a budget which aligns with the business plan, is based on research and analysis of previous financial data and cash flow trends, and meets all compliance requirements.

 

  1. Describe how you have contributed to financial bids and estimates.

 

  1. Establish a budget and allocate funds in accordance with statutory and organisational requirements

 

  1. Use your communication skills to:

 

  • Report on financial activity and make recommendations
  • identify and prioritise significant issues
  • ensure managers and supervisors are clear about budgets

 

  1. Analyse the effectiveness of existing financial management approaches including reviewing financial management software, managing risks of misappropriation of funds, ensuring systems are in place to record all transactions, maintaining an audit trail and complying with due diligence.

 

 

 

 

 

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