{"id":2939,"date":"2020-05-30T06:44:20","date_gmt":"2020-05-30T06:44:20","guid":{"rendered":"https:\/\/assignmenttask.com\/answers\/?p=2939"},"modified":"2020-05-30T06:46:10","modified_gmt":"2020-05-30T06:46:10","slug":"bsbfim501-manage-budgets-and-financial-plans-assessment-task-2-answers","status":"publish","type":"post","link":"https:\/\/assignmenttask.com\/answers\/bsbfim501-manage-budgets-and-financial-plans-assessment-task-2-answers\/","title":{"rendered":"BSBFIM501 Manage Budgets and Financial Plans Assessment Task 2 Answers"},"content":{"rendered":"

BSBFIM501 Manage Budgets and Financial Plan Analysis<\/strong><\/h2>\n

Searching for BSBFIM501 Manage Budgets and Financial Plans Assessment Task 2 Answers? Get Assessment Answers on BSBFIM501 Manage Budgets and Financial Plans. We Provide Financial Management Assignment Help<\/strong><\/a>, MY Assignment Help<\/strong><\/a> & Best MBA Assignments Help<\/strong><\/a> from Masters and PhD Expert at affordable price? Acquire HD Quality research work with 100% Plagiarism free content.<\/p><\/blockquote>\n

\"Order-now\"

BSBFIM501 \u2013 Assessment Task 2<\/strong><\/h2>\n

Ensure you have the attachment for this assessment downloaded and available to review and use to perform the following tasks.<\/strong><\/p>\n

NB: You will need to research standard business practices and financial management<\/u> in conjunction with this document.<\/strong><\/p>\n

ONLY upload this task sheet with all details completed appropriately.\u00a0 <\/strong>There is no need to send the attachment through.<\/p>\n

 <\/p>\n

Part A)<\/strong><\/p>\n

Review the tabled credit card receipts in the attachment.<\/strong><\/p>\n

Determine the following and answer below:<\/strong><\/p>\n

    \n
  1. Is this considered appropriate credit card use by general business standards?<\/li>\n
  2. Explain your answer and align it with references you have researched.<\/li>\n
  3. How would you plan to reduce credit card usage?<\/li>\n
  4. What control measure\/s would you put in place to ensure the appropriate<\/u> use of the credit card?<\/li>\n
  5. How often you plan to monitor\/evaluate this plan and why?<\/li>\n<\/ol>\n

     <\/p>\n

    Part B)<\/strong><\/p>\n

    Review the Balance Sheet that runs over 5 years in the attachment.<\/strong><\/p>\n

    Answer or provide the following information from your analysis:<\/p>\n

      \n
    1. What has occurred in 2017 to cause a decrease in the companies closing balance?<\/li>\n
    2. Analyse the year of 2018 and outline 5 distinct changes that occurred compared to 2017<\/li>\n
    3. What makes 2020 the most successful year yet (and it is NOT the closing balance<\/strong> \u2013 Look harder!)<\/li>\n
    4. Outline control measures that you think may have been put in place across the 5 year period <\/strong>based on the figures provided<\/li>\n
    5. Outline control measures that NEED <\/strong>to be put in place in comparing years 2019 to 2020 <\/strong>Clearly <\/strong>explain your answers.<\/li>\n<\/ol>\n

       <\/p>\n

      ANALYSING FINANCIAL MANAGEMENT PROCESSES<\/strong><\/h3>\n

      For this task, you will be reviewing the data and information provided below.<\/p>\n

      You will have to analyse these to identify CONTROL MEASURES <\/strong>that must be implemented and answer the related questions in Assessment Task 2.<\/strong><\/p>\n

      Part A)<\/strong><\/p>\n

      CREDIT CARD TRANSACTION RECORDS Jan-June 2019:<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
      DATE<\/strong><\/td>\nCard No:<\/strong><\/td>\nStore:<\/strong><\/td>\nPurchase:<\/strong><\/td>\n$<\/strong><\/td>\n<\/tr>\n
      25\/1\/19<\/strong><\/td>\n05644<\/strong><\/td>\n8910<\/strong><\/td>\nGroceries Restock New Year<\/strong><\/td>\n216.00<\/strong><\/td>\n<\/tr>\n
      22\/2\/19<\/strong><\/td>\n05644<\/strong><\/td>\n8910<\/strong><\/td>\nGroceries\/Pantry<\/strong><\/td>\n150.00<\/strong><\/td>\n<\/tr>\n
      26\/2\/19<\/strong><\/td>\n05645<\/strong><\/td>\n12209<\/strong><\/td>\nTransport <\/strong><\/td>\n150.00<\/strong><\/td>\n<\/tr>\n
      16\/3\/19<\/strong><\/td>\n05644<\/strong><\/td>\n8910<\/strong><\/td>\nGroceries\/Pantry<\/strong><\/td>\n142.00<\/strong><\/td>\n<\/tr>\n
      20\/3\/19<\/strong><\/td>\n05645<\/strong><\/td>\n12209<\/strong><\/td>\nTransport <\/strong><\/td>\n150.00<\/strong><\/td>\n<\/tr>\n
      18\/4\/19<\/strong><\/td>\n05644<\/strong><\/td>\n12209<\/strong><\/td>\nTransport<\/strong><\/td>\n150.00<\/strong><\/td>\n<\/tr>\n
      22\/4\/19<\/strong><\/td>\n05645<\/strong><\/td>\n8910<\/strong><\/td>\nGroceries\/Pantry<\/strong><\/td>\n175.00<\/strong><\/td>\n<\/tr>\n
      2\/5\/19<\/strong><\/td>\n05645<\/strong><\/td>\n8910<\/strong><\/td>\nGroceries\/Pantry<\/strong><\/td>\n200.00<\/strong><\/td>\n<\/tr>\n
      16\/5\/19<\/strong><\/td>\n05644<\/strong><\/td>\n12209<\/strong><\/td>\nTransport<\/strong><\/td>\n150.00<\/strong><\/td>\n<\/tr>\n
      25\/5\/19<\/strong><\/td>\n05645<\/strong><\/td>\n8910<\/strong><\/td>\nGroceries\/Pantry<\/strong><\/td>\n175.00<\/strong><\/td>\n<\/tr>\n
      19\/6\/19<\/strong><\/td>\n05644<\/strong><\/td>\n8910<\/strong><\/td>\nGroceries\/Pantry<\/strong><\/td>\n192.00<\/strong><\/td>\n<\/tr>\n
      29\/6\/19<\/strong><\/td>\n05644<\/strong><\/td>\n12209<\/strong><\/td>\nTransport<\/strong><\/td>\n150.00<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

       <\/p>\n

       <\/p>\n

      Reference ID: #getanswers2001243<\/span><\/strong><\/p>\n

       <\/p>\n","protected":false},"excerpt":{"rendered":"

      BSBFIM501 Manage Budgets and Financial Plan Analysis Searching for BSBFIM501 Manage Budgets and Financial Plans Assessment Task 2 Answers? Get Assessment Answers on BSBFIM501 Manage Budgets and Financial Plans. We Provide Financial Management Assignment Help, MY Assignment Help & Best MBA Assignments Help from Masters and PhD Expert at affordable price? Acquire HD Quality research work with 100% Plagiarism free content. BSBFIM501 \u2013 Assessment Task 2 Ensure you have the attachment for this assessment downloaded and available to review and use to perform the following tasks. NB: You will need to research standard business practices and financial management in conjunction Read More …<\/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":[331,3271,3275,3278,3274,3276,3281,3277,3280,3279],"_links":{"self":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts\/2939"}],"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=2939"}],"version-history":[{"count":1,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts\/2939\/revisions"}],"predecessor-version":[{"id":2940,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts\/2939\/revisions\/2940"}],"wp:attachment":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/media?parent=2939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/categories?post=2939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/tags?post=2939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}