Unit assessment pack (uap)

Download 188.61 Kb.

Page	21/29
Date	30.06.2022
Size	188.61 Kb.
	#59104

1 ... 17 18 19 20 21 22 23 24 ... 29

SITXFIN004 Unit Assessment Pack (2)

Total

9.25%

Calculate the revenue for both ticket prices

No. of tickets	Ticket price = $100.00	Ticket price = $200.00
350

Prepare alternative revenue statement budgets using the information you have accumulated so far.

	Alternative 1	% of sales	Alternative 2	% of sales
	350 tix x $100		350 tix x $200
Sales	$	%	$	%
Revenue from ticket sales
Cost of goods sold
Food cost
Beverage cost
Total cost of goods
Gross profit
Expenses
Labour costs
Venue
Stationery items / Postages
Communication
Event staff uniform
Hire audio-visual equipment
Floral arrangements
Stage and lighting hire
Food and service equipment lease
Master of ceremonies
Consultant fees
Linen hire
Advertising
Printing
Room decor
Entertainment
Total expenses
Profit/loss

Identify the breakeven ticket price to achieve 25% profit.

Calculate the revenue for breakeven ticket price.

No. of tickets sold	Ticket price =
350

Prepare alternative revenue statement budgets using the information you have accumulated so far.

	Amount ($)	% of sales
Sales
Revenue from ticket sales
Cost of goods sold
Food cost
Beverage cost
Total cost of goods
Gross profit
Expenses
Labour costs
Venue
Stationery items / Postages
Communication
Event staff uniform
Hire audio-visual equipment
Floral arrangements
Stage and lighting hire
Food and service equipment lease
Master of ceremonies
Consultant fees
Linen hire
Advertising
Printing
Room decor
Entertainment
Total expenses
Profit/loss

Part D

Circulate the draft budget to the event committee for input.

Prepare an email with the detailed draft budget, including two alternatives and breakeven price, seeking input from the relevant stakeholders (those who gave input in 2.4). Email should be 150-200 words long.

Email

Assessor Checklist for Unit Assessment Task 2: Unit Project (UP) – Preparation of draft budget

Your draft must address the following performance criteria/ performance checklist.

To be assessed as satisfactory (S) in this assessment task the participant needs to demonstrate competency in the following critical aspects of evidence	S	N/S	Trainer/Assessor to complete (Comment and feedback to students)
Identified the scope and nature of required budget and the data and data source for budget preparation.
Analysed the potential impact on budget by internal and external factors.
Engaged colleagues and required stakeholders to get input during budget planning process.
Drafted budget with estimated income and expenditures based on valid, reliable and relevant information.
Reflected organisational objectives while drafting budget.
Analysed and provided options and recommendations on the budget in clear format and circulated it to the relevant stakeholders for their input.
Liaised and negotiated with stakeholders on potential budgets requirements.
Accessed and sorted all information required for budget preparation

Unit Assessment Result Sheet (UARS)

Assessment Task 2 – Unit Project (UP) – Perparation of draft budget

Student and Trainer/Assessor Details

Unit code

SITXFIN004

Unit name

Prepare and monitor budgets

Outcome of Unit Assessment Task (UAT)

First attempt:

Outcome (please make sure to tick the correct checkbox):

Satisfactory (S) ☐ or Not Satisfactory (NS) ☐

Date: _______(day)/ _______(month)/ ____________(year)

Second attempt:

Outcome (please make sure to tick the correct checkbox):

Satisfactory (S) ☐ or Not Satisfactory (NS) ☐

Date: _______(day)/ _______(month)/ ____________(year)

Feedback to Student

First attempt:

Second attempt:

Student Declaration

I declare that the answers I have provided are my own work. Where I have accessed information from other sources, I have provided references and or links to my sources.
I have kept a copy of all relevant notes and reference material that I used as part of my submission.
I have provided references for all sources where the information is not my own. I understand the consequences of falsifying documentation and plagiarism. I understand how the assessment is structured. I accept that all work I submit must be verifiable as my own.
I understand that if I disagree with the assessment outcome, I can appeal the assessment process, and either re-submit additional evidence undertake gap training and or have my submission re-assessed.
All appeal options have been explained to me.

Student Name

Student ID

Student Signature

Date

Trainer/Assessor Name

Download 188.61 Kb.

Share with your friends:

1 ... 17 18 19 20 21 22 23 24 ... 29