BSBFIM501 Manage Budgets and Financial Plans (Student Assessment Task 3)

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Assessment Task 3: Monitor and control finances project


Task summary


This assessment task requires you to monitor and control finances for the marketing department for King Edward VII College and provide a budget and expenditure report to the CEO.


This assessment is to be completed in the simulated work environment in the RTO.




  • Access to textbooks/other learning materials
  • Computer with Microsoft Office and internet access
  • Marketing Expenditure




Your assessor will advise you of the due date of these submissions.




  • Draft a word processed letter with budget report and updated marketing budget.



Assessment criteria

For your performance to be deemed satisfactory in this assessment task, you must satisfactorily address all of the assessment criteria. If part of this task is not satisfactorily completed, you will be asked to complete further assessment to demonstrate competence.



Re-submission opportunities

You will be provided feedback on their performance by the Assessor. The feedback will indicate if you have satisfactorily addressed the requirements of each part of this task.


If any parts of the task are not satisfactorily completed, the assessor will explain why, and provide you written feedback along with guidance on what you must undertake to demonstrate satisfactory performance. Re-assessment attempt(s) will be arranged at a later time and date.


You have the right to appeal the outcome of assessment decisions if you feel that you have been dealt with unfairly or have other appropriate grounds for an appeal.


You are encouraged to consult with the assessor prior to attempting this task if you do not understand any part of this task or if you have any learning issues or needs that may hinder you when attempting any part of the assessment.




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