AdvDiplomaMgtMktBus AssessmentStructure

Advanced Diplomas of Leadership & Management,
Marketing and Business

BSBFIM601 - Manage Finances Assessment
Further Instructions
Section 1 Part A Nature of the business and business structure

Section 1 Part B Show the link between Strategic goals, Business and
Marketing objectives
Strategic Goal
Market leader by 2019
Business Objective
Increase sales
Marketing Objective
Implement a brand and
sales campaign
Considerations:
1. SMART Rule
Section 1 Part C Financial goals
Strategic Goal
Market leader by 2019
Business Objective
Increase sales
Marketing Objective
Implement a brand and
sales campaign
Financial Terms long term

budget
$200bn sales
OR
% market share x average cost
of a tablet
Financial Terms short term

budget
10% increase
Financial Terms short term

budget
$2m expense
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Section 2 Part A - Which budgets are required?

List the budgets required, considering the following and how these budgets are
aligned to the accounting system
Must align with the business structure eg: Strategic Business Units (SBU)
each SBU is considered a cost centre
Eg: Seqwater
Business Structure 4 SBUs:
1. Water Delivery which included a budget for:
a. Water quality budget
b. Water operations budget
c. Dam operations budget
2. Business services which includes a budget for:
a. Marketing budget
b. IT budget
c. Research and Development budget
Section 2 Part A Who will be involved in the budget?

Budget
Water quality
Dam Operations
Responsible
Water Quality Manager
Dam Operations Managers
Section 2 Part A Timeline of activity and approval process?

April 2016
May 2016
June2016
Meeting
Distribute
budget
templates
Budgets to
be
completed
Budgets
distributed
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Section 2 Part B Prepare 1 income and 1 expense budget

Consider the Chart of accounts for your organisation, for example:
1.
Revenue / Income Budget
Chart of Accounts for

Income
Govt. subsidy
Budget $
Connection Fees
generation
$xxx,xxx
Interest received
$xxx,xxx
$xxx,xxx
Assumptions /
Justification
Govt providing
subsidy to ensure
water quality
Number of customers
with a water
connection
Based on cash in bank
Another example: domestic application

Income
Household (roof top) and
Commercial
Large utility providers
Interest received
Budget $
Assumptions /
Justification
$xxx,xxx
$xxx,xxx
$xxx,xxx
2. Expense Budget Marketing

Expense
Advertising
Web and online
Print
Staff costs for marketing
team
Budget $
Assumptions /
Justification
$xxx,xxx
$xxx,xxx
$xxx,xxx
$xxx,xxx
Assumptions should include:
Market conditions
Supplier relationships
Objectives
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Section 2 Part C Capital Expense Budget (CAPEX) or asset in a

business case format
Section:
Name:
Contact Details:
Introduction
Description of requirement or need
Options investigated
1.
2.
3.
Option recommended and justification link back to Strategic Goals
Cost
Timeline
Section 3 Draft 2016 Financial Reports

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Part A Profit and Loss and statement

Refer to your organisations annual report
Research the AASB Format, basic format is:
Revenue
- Sales
Less Cost of Goods Sold
= GROSS PROFIT
Less Operational expenses
= Net Profit
Note 1*
$
$
$
$
*Note 1 sales from all our products including Product A, Product B, Product C
Part B Balance Sheet

Assets
- Current Assets
- Non-current Assets
Liabilities
- Current Liabilities
- Non-current Liabilities
= NET ASSETS
Owners Equity
Note #*
$
$
Part C Cashflow Statement

Operational Cash Inflow
Operational Cash Outflow
Net Operational Cash
Investment Cash Inflow
Investment Cash Outflow
Net Investment Cash
Financial Cash Inflow
Financial Cash Outflow
Net Financial Cash
$
$
$
$
$
$
$
$
$
Note #*
Section 4 Financial management review and analysis

Part A Analysis tools (will be discussed in class)
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Break-even analysis
Ratio analysis
Part B Discuss the budget review process
Variance reporting (check the learner resources)
Eg: Sales monthly variance report

o
January
Actual
$
o
o
Format of the report including the type of information (no figures

required)
January
Budget
$
Variance
% Variance
Comments
Favourable
Unfavourabl
e
Frequency of the report

Audience of the report
Discuss how you will monitor the budgets performance and success in
achieving the organisations goals and objectives (no figures required)
Contingency plan
Issue / Risk
Income under budget
Cause the issue

Sales down due to
competition
Contingency
Advertising plan
Part C Recommendations
You need to justify your answers using the analysis tools
Other analysis tools you can use include:
1.
2.
3.
4.
5.
Boston Consulting Group Matrix

Porters generic strategies
Ansoffs product market expansion grid (intensive growth strategy)
Integrative growth strategy
Diversification growth strategy
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Advanced Diplomas of Leadership & Management,

Marketing and Business

Section 1 Part A Nature of the business and business structure

Financial Terms long term

Financial Terms short term

Financial Terms short term

Section 2 Part A - Which budgets are required?

Section 2 Part A Who will be involved in the budget?

Section 2 Part A Timeline of activity and approval process?

Section 2 Part B Prepare 1 income and 1 expense budget

Revenue / Income Budget

Chart of Accounts for

Another example: domestic application

2. Expense Budget Marketing

Assumptions should include:

Section 2 Part C Capital Expense Budget (CAPEX) or asset in a

Description of requirement or need

Option recommended and justification link back to Strategic Goals

Section 3 Draft 2016 Financial Reports

Part A Profit and Loss and statement

Part B Balance Sheet

Part C Cashflow Statement

Section 4 Financial management review and analysis

Part B Discuss the budget review process

Variance reporting (check the learner resources)

Eg: Sales monthly variance report

Format of the report including the type of information (no figures

Frequency of the report

Cause the issue

Boston Consulting Group Matrix

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