100% Original, Plagiarism Free, Tailored to your instructions

Order Now!

Manage Budgets and Financial Plan

Assignment Requirements

Satisfactory         Not Yet Satisfactory

Element & Performance Criteria

1. You are required to prepare a detailed budget/financial plan for your work team. Ensure that you clearly outline how you:

Plan your financial management approaches
Implement financial management approaches
Monitor and control finances
Review and evaluate financial management processes

Access three (3) consecutive profit and loss statements from your organisation. Using your profit and loss statements, calculate the following for each year and create graphic representations of your results using financial management software.
a) gross profit as a percentage
b) operating expenses as a percentage
c) net sales gross

Your Answer:


Satisfactory         Not Yet Satisfactory

Element & Performance Criteria
1.2, 1.3, 1.4

1.   Access a balance sheet from your organisation. Using your financial documents, calculate the following:
a) accounts payable days on hand
b) accounts receivable days on hand
c) current ratio

Your Answer:


Satisfactory         Not Yet Satisfactory

Element & Performance Criteria
2.1, 2.2, 2.3

1. Access a budget from your organisation and answer the following questions.
a)         Provide a budget report indicating expenditure and income.
b)         You have received approval to increase your budget expenditure for marketing by 10% but to reduce your expenditure on office consumables by 2% for the next financial year. Adjust your budget accordingly.
c)         Your new budget is now ready to go, but you are concerned that the marketing will be slashed by 4% once the Reserve Bank has met in the next month. Create a contingency plan for that budget, demonstrating how you will still achieve your outcomes within the reduced figures.
d)           Consult with your team and manager/board to gain approval for the contingency plan. Record the outcomes of your consultation and make any changes necessary.
Submit this with your evidence.

Your Answer:


Satisfactory         Not Yet Satisfactory

Element & Performance Criteria
2.1, 2.2, 2.3

Short Essay: When implementing financial management approaches in your work team:

a)         How and to whom do you disseminate details of agreed budget/financial plans?
b)         Give examples of the support you provide to team members to ensure they can competently perform their required roles associated with financial management.
c)         How do you determine and access resources and systems to manage financial management processes within your work team?

Your Answer:


Satisfactory         Not Yet Satisfactory

Element & Performance Criteria
4.1, 4.2, 4.3

1. Do you consider that your work team/organisation’s financial management processes are effective? Consider and refer to the following when justifying your answer.
a)         Provide copies of data and information you have collected and collated for analysis and budget preparation.
b)         What improvements would you recommend to existing processes?
c)         How would you implement and monitor your suggested improvements?

Your Answer:

Critical Evidence
Evidence of the following is essential:

financial skills required to work with and interpret budgets, ageing summaries, cash flow, petty cash, GST, and profit and loss statements
knowledge of the record keeping requirements for the ATO and for auditing purposes.

Order Now

Our Service Charter

  1. Excellent Quality / 100% Plagiarism-Free

    We employ a number of measures to ensure top quality essays. The papers go through a system of quality control prior to delivery. We run plagiarism checks on each paper to ensure that they will be 100% plagiarism-free. So, only clean copies hit customers’ emails. We also never resell the papers completed by our writers. So, once it is checked using a plagiarism checker, the paper will be unique. Speaking of the academic writing standards, we will stick to the assignment brief given by the customer and assign the perfect writer. By saying “the perfect writer” we mean the one having an academic degree in the customer’s study field and positive feedback from other customers.
  2. Free Revisions

    We keep the quality bar of all papers high. But in case you need some extra brilliance to the paper, here’s what to do. First of all, you can choose a top writer. It means that we will assign an expert with a degree in your subject. And secondly, you can rely on our editing services. Our editors will revise your papers, checking whether or not they comply with high standards of academic writing. In addition, editing entails adjusting content if it’s off the topic, adding more sources, refining the language style, and making sure the referencing style is followed.
  3. Confidentiality / 100% No Disclosure

    We make sure that clients’ personal data remains confidential and is not exploited for any purposes beyond those related to our services. We only ask you to provide us with the information that is required to produce the paper according to your writing needs. Please note that the payment info is protected as well. Feel free to refer to the support team for more information about our payment methods. The fact that you used our service is kept secret due to the advanced security standards. So, you can be sure that no one will find out that you got a paper from our writing service.
  4. Money Back Guarantee

    If the writer doesn’t address all the questions on your assignment brief or the delivered paper appears to be off the topic, you can ask for a refund. Or, if it is applicable, you can opt in for free revision within 14-30 days, depending on your paper’s length. The revision or refund request should be sent within 14 days after delivery. The customer gets 100% money-back in case they haven't downloaded the paper. All approved refunds will be returned to the customer’s credit card or Bonus Balance in a form of store credit. Take a note that we will send an extra compensation if the customers goes with a store credit.
  5. 24/7 Customer Support

    We have a support team working 24/7 ready to give your issue concerning the order their immediate attention. If you have any questions about the ordering process, communication with the writer, payment options, feel free to join live chat. Be sure to get a fast response. They can also give you the exact price quote, taking into account the timing, desired academic level of the paper, and the number of pages.

Excellent Quality
Zero Plagiarism
Expert Writers

Instant Quote

Single spaced
approx 275 words per page
Urgency (Less urgent, less costly):
Total Cost: NaN

Get 10% Off on your 1st order!