BSBFIM801: Manage Financial Resources - Managing Diversity in Australia - Financial Management Assignment Help

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Added on: 2020-08-29 05:55:21
Order Code: 8_20_9922_618
Question Task Id: 178769

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Unit Learning Outcomes

Students who successfully complete this Unit should be able to:

  •  Forecast future financial resources needs
  • Analyse current asset performance and capacity
  • Set business targets and compliance mechanisms
  •  Manage financial risk
  •  Monitor compliance with financial projections




Key competencies
The key competencies you will develop and be assessed against in this unit are:

  • Forecast future financial resource needs
  •  Analyse current asset performance and capacity
  •  Set business targets and compliance mechanisms
  •  Manage financial risk
  • Monitor compliance with financial projections

Performance Evidence
Evidence of the ability to:

  • prepare a comprehensive financial plan according to organisational and legislative requirements
  • monitor and manage financial resources over a full planning-cycle including setting targets,managing risks and improving compliance mechanisms
  •  effectively communicate financial reports and operational execution
  •  revise forecast according to changes in budget deviations.

Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must: 

  • explain the principles of accounting, financial statements and cash flow
  • clarify best-practice communication processes and methods
  • summarise compliance requirements, including relevant legislative responsibilities
  • explain the cost of capital, capital structure and working capital
  • identify finance and investment decisions
  • describe the goal of financial resource management
  • describe the principles of finance relevant to the organisation s operations
  • explain risk and return.


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  • Uploaded By : Pearl
  • Posted on : August 29th, 2018
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