The Student Assessment Booklet includes an assessment plan that students are required to read and sign. Get this plan signed before students begin the assessment tasks for this unit. Students can use this plan to declare whether they need any support or adjustments.
Assessors will need the following documents:
This Marking Guide, which is to assist assessors on the process of assessment and provide benchmark responses and performance descriptors for all assessment tasks (in RED text)
Mapping of assessment tasks to unit of competency requirements.
Assessors will need to provide each student with a Student Assessment Booklet (or the individual Tasks) for this unit.
Assessors must also provide students with the due date for each assessment task for this unit, which are to be written in the Assessment Plan section of their Student
Assessors must ensure that students have completed the assessment task cover sheet for each assessment task.
Please refer to the assessment mapping for this unit, which provides the mapping of all assessment tasks to the unit of competency requirements.
Clinton Institute has a Training and Assessment Strategy that outlines the assessment methods and tasks to be used in the delivery of each course.
All assessors will be provided with a copy of the relevant Training and Assessment Strategy for the courses they deliver.
Assessors must ensure they work within the parameters and guidelines of the strategy and communicate any areas that may need improvement or updating as they are identified.
Plagiarism, cheating and collusion
When handing out the Student Assessment Booklet, Assessors are to draw students’ attention to the items included in the Student Declaration. Assessors are to clearly explain exactly what students are signing off when that tick each of the following:
None of this work has been completed by any other person.
I have not cheated or plagiarised the work or colluded with any other student/s.
I have correctly referenced all resources and reference texts throughout these assessment tasks.
I understand that if I am found to be in breach of policy, disciplinary action may be taken against me.
Assessors are to ensure that students tick all of the boxes on the student declaration before commencing marking.
When marking all submissions, Assessors are to compare student responses to detect any cheating / collusion / plagiarism. Similarly, Assessors must check that students have appropriately referenced he work of others.
If a trainer/assessor believes there has been an incident of academic misconduct involving plagiarism, cheating, and/or collusion, they must report this along with reasons for the allegation.
Assessment is ‘the process of collecting evidence and making judgements on whether competency has been achieved, to confirm that an individual can perform to the standard required in the workplace, as specified in a training package or VET accredited course.
A legislative and regulatory framework underpins and supports the delivery of vocational education and training across Australia. Under this framework, providers of vocational education and training must take steps to ensure that learners with recognised disabilities can access and participate in education and training on the same basis as learners without disabilities. Sometimes reasonable adjustments, are made to the learning environment, training delivery, learning resources and/or assessment tasks to accommodate the particular needs of a learner with a disability. An adjustment is reasonable if it can accommodate the learner’s particular needs, while also taking into account factors such as: the views of the learner; the potential effect of the adjustment on the learner and others; the costs and benefits of making the adjustment. Adjustments must:
Be discussed and agreed to by the learner with a disability
Benefit the learner with a disability
Maintain the competency standards
Be reasonable to expect in a workplace.
Adjustments are not required if they could:
Cause the RTO unjustifiable hardship
Harm other learners.
Making reasonable adjustments requires the RTO to balance the need for change with the expense or effort involved in making this change. If an adjustment requires a disproportionately high expenditure or disruption it is not likely to be reasonable. Some examples of reasonable adjustments that could be made for the assessments in this unit include:
Verbal responses to written activities (such as Question:s and answers tasks and case studies)
Conduct assessor workplace observations via Skype or other video format (for example, in cases of students in remote areas)
Reschedule assessor observations in the event that workplace conditions are not suitable at the time of assessment. (For example, safety concerns, required resources not being available or lack of appropriate clients on the day)
Provide students with large-print copies of the Student Assessment Booklet.
Students need to answer all Question:s correctly to achieve a satisfactory outcome for this task. Where a Question: contains sub-Question:s, students must achieve a satisfactory result for each sub-Question: to achieve a satisfactory result for that Question:. Students do not need to include the exact words as provided in the model responses and answer guidance unless stated but must cover the key concepts included in the model response.
Note: The student must identify the required information to be deemed satisfactory. Students who provide information additional to the model response are to be marked as satisfactory. The model responses are the minimum requirement to achieve a satisfactory result.
What is an all of organisation/ master budget?.
Summarise the purpose and key items/content for each of the following basic financial reports..
- Statement of Financial Position (previously known as a Balance Sheet): Purpose
- bIncome Statement (previously known as the Profit and Loss Statement)
- Statement of changes in equity
- Statement of Cash flows
List the purpose(s) of each of the following budgets:
Student response must include for each budget type each of the dot points following: Paraphrase/expand all of the points into paragraphs/ sentences
Identify the purpose of the following financial records. Paraphrase/expand all of the points into paragraphs/ sentences
What are the six (6) main industry sensitivities and factors that cause budgetary control to be particularly important in hospitality businesses? Combine all the dot points into proper paragraphs, and expand the dot points
- Seasonal demands
- Changes in the local and global economy
- Changing customer expectations
- A high level of competition from new entrants
- Changing consumer trends
- Reputation and customer reviews
List at least five (5) of the main functions and three (3) key features for each of the three (3) main accounting software applications listed below.
- MYOB Functions
- QUICKBOOKS Functions
- XERO-ONLINE Functions
Student response must include all of the components in at least five (5) of the dot points following: CHOOSE ANY 5, paraphrase and make proper paragraphs, and provide a reference in Harvard style
What are the four (4) techniques most commonly used for making estimates of expense budgets to help maximise budget performance. Student response must include all four (4) of the dot points following:
In hospitality businesses such as cafes, restaurants, and bars, how often would you expect financial takings to be reported?
Briefly explain your answer to Question: 8 and include two (2) actions hospitality business management may need to take where significant shortfalls between budget and actual takings are reported?
Budget formats can vary between organisations and accounting programs: list three (3) different ways a negative variance can be indicated on a budget and on a financial report.
a) Discuss the roles of a budget for a hospitality business. Paraphrase/expand all of the points into paragraphs.
b) List the four (4) key uses/roles of financial reports for a business. P
Provide a brief description of each of the four (4) following different approaches to budget management together with two (2) benefits and two (2) disadvantages of each approach-
Paraphrase/expand the point into proper sentences
Uses previous period’s actual figures and adds or subtracts a percentage
Paraphrase/expand the points into proper sentences
a) List seven (7) KPI’s that a restaurant business may include in budget preparation, budget performance monitoring and financial reporting to assist in maximising budget performance.
b) List eight (8) KPI’s that an accommodation business (Hotel/Motel) may include in budget performance monitoring and financial reporting to assist in maximising budget performance.
Identify seven (7) key internal sources of information that may be used as a basis for preparing a budget and forecasting income and expenditure.
Identify five (5) key external sources of information that may be used as a basis for preparing a budget and forecasting income and expenditure.
a) List four (4) internal factors that may impact on budget development and budget reviews. Paraphrase/expand all of the points into paragraphs
- Changes in economic conditions
- Shift in market trends
- Significant price movement for certain items
- Supplier availability or cost
a) What are the five (5) key features of a “rolling budget” format?.
- Is continually updated to add a new budget period as the most recent budget period is complete
- Involves the incremental extension of the existing budget model.
- Provides a budget that continually extends one year into the future
- Calls for considerably more management attention than static budgets
- Has the advantage of having someone constantly attend to the budget and revise budget assumptions
b) Why can rolling budgets be useful in a hospitality business?
Rolling budgets can be useful in a hospitality business because they allow continual review and adjustments for the often unpredictable nature of the industry.
Provide a brief description of each of the following two (2) different approaches to negotiating budgets and three (3) advantages and three (3) disadvantages for each approach.
Paraphrase/expand the dot point into proper sentences
Management /owners/ the ‘Executive/ and/or Budget Committee do the budgets and inform those below.
For hospitality businesses, (which include restaurants, accommodation and events businesses), identify the main financial factors that need to be considered when preparing, and reporting, against each of the following budget types-
Identify the five (5) most common reasons for significant deviations between budget and actual outcomes in hospitality businesses and list at least one action management could take to mitigate each.
What are the three (3) different ways that a statistical/financial report can show variances?
What are the three (3) most important actions you should complete before allocating budget resources within an organisation?
Combine all the dot points into sentence, and elaborate your answer.
- Define the budget scope
- Consult with relevant parties
- Confirm Business Plan priorities
List the three (3) common potential grant funding guidelines or limitations