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BSBFIN801 Lead financial strategy development
Learner Instructions 1
(Knowledge Assessment)
Submission details
Students Name
Student ID
Group
Assessor’s Name
Assessment Date/s
The assessment task is due on the date specified by your assessor. Any variations to
this arrangement must be approved in writing by your assessor.
Submit this document with any required evidence attached. See specifications below for details.
Instructions
1.
There are ten (10) written questions in this assessment task.
2.
You must attempt all questions and answer in your own words.
3.
Instructions/Guidelines such as word-limit, what is expected from your answer
etc. have been given to each question.
4.
You must complete this task individually.
5.
You must demonstrate understanding and application of relevant concepts and
critical thinking.
6.
Submit written answers to your assessor within an agreed timeframe and in an
agreed format. Ensure your answers reflect specifications as outlined below.
7.
Keep copies of all submitted materials for your records.
Specifications
You must provide:
●
Answers to ten questions (provided in Appendix 1). BSBFIN801 Learner Instructions 1
Version: 2.0
Implemented: 2
nd
July 2023
To be reviewed: 2
nd
July 2025
Responsibility: Operations Manager
RTO Code: 0249, CRICOS Provider Code: 03282E © MVJ Enterprises Pty Ltd t/a Perth College of Beauty Therapy, YES College
Page 1 of 16
BSBFIN801 Lead financial strategy development
Appendix 1: Knowledge Assessment
1. Answer the following questions: 1.1. Explain the following financial risk factors in 200-250 words. a)
Credit risk b)
Liquidity risk c)
Business or operating risk 1.2. How can you determine mitigation procedures for managing financial risks? Write
your answer in 300-350 words. BSBFIN801 Learner Instructions 1
Version: 2.0
Implemented: 2
nd
July 2023
To be reviewed: 2
nd
July 2025
Responsibility: Operations Manager
RTO Code: 0249, CRICOS Provider Code: 03282E © MVJ Enterprises Pty Ltd t/a Perth College of Beauty Therapy, YES College
Page 2 of 16
BSBFIN801 Lead financial strategy development
BSBFIN801 Learner Instructions 1
Version: 2.0
Implemented: 2
nd
July 2023
To be reviewed: 2
nd
July 2025
Responsibility: Operations Manager
RTO Code: 0249, CRICOS Provider Code: 03282E © MVJ Enterprises Pty Ltd t/a Perth College of Beauty Therapy, YES College
Page 3 of 16
BSBFIN801 Lead financial strategy development
2. Answer the following questions regarding principles of accounting and budgeting: 2.1. Explain the following balance sheet ratios in 150-200 words. a)
Quick ratio
b)
Current ratio 2.2. Explain the following income sheet ratios in 250-300 words. a)
Liquidity ratios
b)
Profitability ratios
2.3. Explain the cash flow statement ratios in 200-250 words. a)
Current liability coverage ratio
b)
Price to cash flow ratio
c)
Cash flow margin ratio
2.4. Explain the purpose and key features of income and expenditure account in 200-
250 words. 2.5. What is expense or expenditure forecasting? Write your answer in 100-150
words. 2.6. What are financial contingency plans? What information should be included in
financial contingency plans? Write your answer in 150-200 words. BSBFIN801 Learner Instructions 1
Version: 2.0
Implemented: 2
nd
July 2023
To be reviewed: 2
nd
July 2025
Responsibility: Operations Manager
RTO Code: 0249, CRICOS Provider Code: 03282E © MVJ Enterprises Pty Ltd t/a Perth College of Beauty Therapy, YES College
Page 4 of 16
BSBFIN801 Lead financial strategy development
BSBFIN801 Learner Instructions 1
Version: 2.0
Implemented: 2
nd
July 2023
To be reviewed: 2
nd
July 2025
Responsibility: Operations Manager
RTO Code: 0249, CRICOS Provider Code: 03282E © MVJ Enterprises Pty Ltd t/a Perth College of Beauty Therapy, YES College
Page 5 of 16
BSBFIN801 Lead financial strategy development
BSBFIN801 Learner Instructions 1
Version: 2.0
Implemented: 2
nd
July 2023
To be reviewed: 2
nd
July 2025
Responsibility: Operations Manager
RTO Code: 0249, CRICOS Provider Code: 03282E © MVJ Enterprises Pty Ltd t/a Perth College of Beauty Therapy, YES College
Page 6 of 16
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Further Reading
1. Kahn, Kenneth B. (2001). New Product Planning. New Delhi, India:
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2. Mukherjee, Kaushik (2009) Product Management, New Delhi, India: PHI
Learning Pvt. Ltd Pg 35 - 37
25
O
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SEE MORE QUESTIONS
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