Subject Code : BSBFIM801
Assignment Task:

1 Forecast future financial resource needs
1.1 Establish and report on the capacity of existing financial systems
1.2 Forecast financial data and business system requirements
1.3 Analyse forecasted requirements
1.4 Prepare and plan budget forecasts according to organisational and statutory requirements
1.5 Prepare and present recommendations for budget expenditure or for modification of existing projections

2 Analyse current asset performance and capacity
2.1 Analyse the costs of, and returns from, assets and liabilities using standard accounting techniques to identify extent of debt and equity financing
2.2 Establish management responsibilities and legal requirements for reporting, in consultation with relevant organisational staff
2.3 Analyse and interpret financial reports and key information
2.4 Analyse and evaluate the effects of financial decisions on the ability of the organisation to meet planned outcomes

3 Set business targets and compliance mechanism
3.1 Collect comparative and trend information and confirm needs for future budget and associated resources
3.2 Complete negotiations to secure resources in accordance with relevant short-term and long-term needs
3.3 Allocate resources against the budget to maximise organisation s performance
3.4 Maintain accurate and up-to-date records of resource allocation and usage according to organisational and legislative requirements
3.5 Develop and review management systems which enable timely collection, management and processing of information
3.6 Complete and accurately report records of budget performance and expenditure according to organisational procedures and statutory requirements
3.7 Evaluate and improve budget audit mechanisms and compliance requirements as required


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  • Uploaded By : Alex Cerry
  • Posted on : August 06th, 2018
  • Downloads : 215

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