{"id":2937,"date":"2020-05-30T06:32:40","date_gmt":"2020-05-30T06:32:40","guid":{"rendered":"https:\/\/assignmenttask.com\/answers\/?p=2937"},"modified":"2020-05-30T06:32:40","modified_gmt":"2020-05-30T06:32:40","slug":"bsbfim501-manage-budgets-and-financial-plan-analysis-assessment-task-1-answers","status":"publish","type":"post","link":"https:\/\/assignmenttask.com\/answers\/bsbfim501-manage-budgets-and-financial-plan-analysis-assessment-task-1-answers\/","title":{"rendered":"BSBFIM501 Manage Budgets and Financial Plan Analysis Assessment Task 1 Answers"},"content":{"rendered":"<h2><strong>BSBFIM501 Manage Budgets and Financial Plans <\/strong><\/h2>\n<blockquote><p>Searching for <a href=\"https:\/\/assignmenttask.com\/answers\/bsbfim501-manage-budgets-and-financial-plans-assessment-task-3-answers\/\"><strong>BSBFIM501 Manage Budgets and Financial Plan<\/strong><\/a> Analysis Assessment Task 1 Answers? Grab the opportunity to find <a href=\"https:\/\/assignmenttask.com\/free-samples\/\"><strong>free assignment samples<\/strong><\/a> related to all subjects in your Academic. Assignmenttask.com is proud to offer <a href=\"https:\/\/assignmenttask.com\/assignment-help\/\"><strong>my assignment help<\/strong><\/a> to the students of Australia, UK and USA.<\/p><\/blockquote>\n<p style=\"text-align: center;\"><a href=\"https:\/\/assignmenttask.com\/order-now.php\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-2843 size-full lazyload\" title=\"Order Now!\" data-src=\"https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/05\/Order-now-1.png\" alt=\"Order-now\" width=\"552\" height=\"87\" data-srcset=\"https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/05\/Order-now-1.png 552w, https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/05\/Order-now-1-300x47.png 300w, https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/05\/Order-now-1-360x57.png 360w\" data-sizes=\"(max-width: 552px) 100vw, 552px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 552px; --smush-placeholder-aspect-ratio: 552\/87;\" \/><noscript><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-2843 size-full\" title=\"Order Now!\" src=\"https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/05\/Order-now-1.png\" alt=\"Order-now\" width=\"552\" height=\"87\" srcset=\"https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/05\/Order-now-1.png 552w, https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/05\/Order-now-1-300x47.png 300w, https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2020\/05\/Order-now-1-360x57.png 360w\" sizes=\"(max-width: 552px) 100vw, 552px\" \/><\/noscript><\/a><\/p>\n<p><strong>ASSESSMENT TASK COVER SHEET \u2013 ASSESSMENT TASK 1<\/strong><\/p>\n<p><strong>ASSESSMENT TASK 1:<\/strong><\/p>\n<p>Task Summary:<\/p>\n<p>In this assessment you are taking the role of centre manager at Bounce Fitness.<\/p>\n<p>It is the time of year where you will be analysing the current financial plans of Bounce Fitness<\/p>\n<p>&nbsp;<\/p>\n<p><strong><u>\u00a0Interpret the following:<\/u><\/strong><\/p>\n<p><strong>a) Ageing Summary:<\/strong><\/p>\n<ul>\n<li>Interpretation may include but is <u>not limited to<\/u>:\n<ul>\n<li>How will you address the unpaid invoices?<\/li>\n<li>What action must be taken to convert this to cash?<\/li>\n<li>Is this covered in the associated policy? Does it need updating or inserting \u2013 if so explain how.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>b) Petty Cash:<\/strong><\/p>\n<ul>\n<li>Interpretation may include but is <u>not limited to<\/u>:\n<ul>\n<li>Will the current petty cash suffice for the organisation?<\/li>\n<li>Is the petty cash accounted for in your budget?<\/li>\n<li>How is this accounted for in that organisations financial policy?<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>c) Cash Flow Statement:<\/strong><\/p>\n<ul>\n<li>Interpretation may include but is <u>not limited to<\/u>:\n<ul>\n<li>Is the expected income going to be appropriate in a forecasted period of 12 months based on the trends of your cash flow statement?<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>d) Profit and Loss Statement:<\/strong><\/p>\n<ul>\n<li>Interpretation may include but is <u>not limited to<\/u>:\n<ul>\n<li>Will the proposed budgets meet the expected expenses and costs?<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<table style=\"height: 361px;\" width=\"765\">\n<tbody>\n<tr>\n<td width=\"601\">Financial Plan Analysis \u2013 BSBFIM501 Assessment Task 1<\/td>\n<\/tr>\n<tr>\n<td width=\"601\"><strong>Ageing Summaries<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"601\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"601\"><strong>Petty Cash\u00a0 <\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"601\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"601\"><strong>Cash Flow Statement\u00a0 <\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"601\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"601\"><strong>Profit and Loss Statements<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"601\">&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Reference ID: <span style=\"text-decoration: underline; color: #ff0000;\">#getanswers2001242<\/span><\/strong><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BSBFIM501 Manage Budgets and Financial Plans Searching for BSBFIM501 Manage Budgets and Financial Plan Analysis Assessment Task 1 Answers? Grab the opportunity to find free assignment samples related to all subjects in your Academic. Assignmenttask.com is proud to offer my assignment help to the students of Australia, UK and USA. ASSESSMENT TASK COVER SHEET \u2013 ASSESSMENT TASK 1 ASSESSMENT TASK 1: Task Summary: In this assessment you are taking the role of centre manager at Bounce Fitness. It is the time of year where you will be analysing the current financial plans of Bounce Fitness &nbsp; \u00a0Interpret the following: a) <a href=\"https:\/\/assignmenttask.com\/answers\/bsbfim501-manage-budgets-and-financial-plan-analysis-assessment-task-1-answers\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[263],"tags":[331,3271,3275,3278,3274,3276,3277,3280,3279],"_links":{"self":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts\/2937"}],"collection":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/comments?post=2937"}],"version-history":[{"count":1,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts\/2937\/revisions"}],"predecessor-version":[{"id":2938,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts\/2937\/revisions\/2938"}],"wp:attachment":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/media?parent=2937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/categories?post=2937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/tags?post=2937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}