Assessment Details

Qualification Code/Title SIT40516 Certificate IV in Commercial Cookery

Assessment Type Assessment 3 Time allowed
Due Date Location Term / Year

Unit of Competency
National Code/Title SITXFIN004 Prepare and monitor budgets
Student Details
Student Name Student ID
Student Declaration: I declare that the work submitted is my own Signature: ____________________________
and has not been copied or plagiarised from any person or source. Date: _____/_/_________
Assessor Details
Assessor’s Name
RESULTS (Please Circle) ☐SATISFACTORY ☐NOT SATISFACTORY
Feedback to student:

*If Student is Not Satisfactory Assessor Declaration: I declare that I have conducted a fair,
Reassessment Required ☐ Yes ☐ No valid, reliable and flexible assessment with this student, and I
Comment: have provided appropriate feedback.
Signature: ________________________
Date: ______/_______/___________
Instructions to the Candidates
 This assessment is to be completed according to the instructions given below in this document.
 Should you not answer the tasks correctly, you will be given feedback on the results and gaps in knowledge. You will be
entitled to one (1) resubmit in showing your competence with this unit.
 If you are not sure about any aspect of this assessment, please ask for clarification from your assessor.
 Please refer to the College re-submission and re-sit policy for more information.
 If you have questions and other concerns that may affect your performance in the Assessment, please inform the
assessor immediately.
 Please read the Tasks carefully then complete all Tasks.
 To be deemed competent for this unit you must achieve a satisfactory result with tasks of this Assessment along with a
satisfactory result for another Assessment.
 This is an Open book assessment which you will do in your own time but complete in the time designated by your
assessor. Remember, that it must be your own work and if you use other sources then you must reference these
appropriately
 Submitted document must follow the given criteria. Font must be Times New Roman, Font size need to be 12, line
spacing has to be Single line and Footer of submitted document must include Student ID, Student Name and Page
Number. Document must be printed double sided.
 This is Individual Assessments. Once you have completed the assessment, please provide the Hard copy of the
Assessments to your Trainer/ Assessor.
 Plagiarism is copying someone else’s work and submitting it as your own. Any Plagiarism will result in a mark of Not
Satisfactory. SCCM uses Safe Assign Plagiarism Checker to check the originality of the student assessment. Student must
be aware of and understand the SCCM’s policy on plagiarism and certify that this assignment is their own work, except
where indicated by referencing, and that student have followed the good academic practices noted above.

Versio
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 SITXFIN004 Prepare and monitor budgets Student Assessment Tasks

Assessment Task 3: Budget monitoring and review project

Task summary

In this task, you must review budget figures, action deviations and report on these as part of monitoring and
review processes.

Required
 your learning resources and other information for reference

 Marketing Expenditure Report

 Marketing Budget Analysis and Recommendations Report template.

Timing
Your assessor will advise you of the due date of these submissions.

Submit
 Review the advice to students regarding responding to written tasks in the Hospitality Works Student
User Guide

 Answer all questions completely and correctly

Assessment criteria
For your performance to be deemed satisfactory in this assessment task, you must satisfactorily address all
of the assessment criteria. If part of this task is not satisfactorily completed, you will be asked to complete
further assessment to demonstrate competence.

Re-submission opportunities
You will be provided feedback on their performance by the Assessor. The feedback will indicate if you have
satisfactorily addressed the requirements of each part of this task.
If any parts of the task are not satisfactorily completed, the assessor will explain why, and provide you
written feedback along with guidance on what you must undertake to demonstrate satisfactory performance.
Re-assessment attempt(s) will be arranged at a later time and date.
You have the right to appeal the outcome of assessment decisions if you feel that you have been dealt with
unfairly or have other appropriate grounds for an appeal.
You are encouraged to consult with the assessor prior to attempting this task if you do not understand any
part of this task or if you have any learning issues or needs that may hinder you when attempting any part of
the assessment.

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 SITXFIN004 Prepare and monitor budgets Student Assessment Tasks

Assessment Task 3 Instructions

Complete the following activities.

1. Carefully read the following scenario:

Assume it is twelve months later and you are reviewing the marketing budget
against actual amounts using the Marketing Expenditure Report.
Note: that the company deems a standard variance in budgets of up to 5%
acceptable.
You have also been recently informed that a competitor has set up a resort in the
nearby area and you are required to assess how this will impact the marketing
budget for the following year.

1. Develop a Marketing Budget Analysis and Recommendations Report

Review the marketing budget expenditure to assess actual performance against

estimated performance.
Based on your review and using the accounting software, prepare a report that
shows actual expenditure against budgeted expenditure. Include graphs to make
your report clear.
Save this report as Marketing Performance Budget Report.
Prepare an accompanying report, Marketing Budget Analysis and
Recommendations Report, that analyses:

 Projected budget and actual budget

 Deviations from the budget

 Reasons for deviations

 Recommendations for next year’s budget based on marketing performance

and new competitor.
Use the Marketing Budget Analysis and Recommendations Template to guide your
work.

2. Send an email to management

The text of the email should be in grammatically correct English, written in an appropriate
(polite, business-like) style.

It should introduce and summarise the contents of the attachments.

Attach the following to your email:

 Marketing Budget Performance Report

 Marketing Budget Report Analysis and Recommendations

Assessment Task 3: Checklist

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File Name: SITXFIN004 Student Assessment July 2020 July 2021 1.0
 SITXFIN004 Prepare and monitor budgets Student Assessment Tasks

Student’s name:

Completed
successfully? Comments

Did the student: Yes No

Assess actual performance against

estimated performance and prepare
accurate financial reports?

Include financial commitments relevant

to marketing into the marketing budget
and all marketing budget reports?

Investigate and take appropriate action

on significant deviations to the marketing
budget?

Analyse changes in internal and external

environment and make necessary
adjustments?

Collect and record relevant information

to assist in future budget preparation for
marketing?

Task outcome:  Satisfactory  Not satisfactory

Assessor signature:

Assessor name:

Date:

© Sydney City College of Management Pty Ltd RTO: 45203 CRICOS: 03620C Date Revision date Version Page 4 of 4
File Name: SITXFIN004 Student Assessment July 2020 July 2021 1.0