ASSESSMENT TASK 1 - STUDENT EVIDENCE TO BE SUBMITTED TO THEIR ASSESSOR

For this Assessment Task as a Case Study, in the role of the Head Chef in AVETA's Caf, you will be required to satisfactorily complete three (3) Assessment Activities, relating to managing finances; namely Assessment Activities 1A, 1B & 1C detailed below:.

Assessment Activity 1 A -

As a Case Study, in the role of the newly appointed Head Chef for AVETA's Caf you have been ask by the Caf owners to manage finances for the Caf during the 2020/2021 financial year. They specifically have requested that you to:

plan for the financial management of the Caf by developing a budget for the 2020/2021 financial year

read and review the Caf's profit and loss statements, cash flows and aging summaries that are detailed in the Caf's Business Plan 2019/2020 (see Attachment

A)

nd implement your revised budget which aligns with their new business plan, that is based on your research and analysis of previous financial data and cash flow trends (see Attachment A), and meets all compliance requirements and which contributes to financial bids and estimates in addition to establishing a budget and allocates funds in accordance with statutory (i.e. reviewing statutory requirements for compliance and liabilities for tax) and organisational requirements.

oWhen you have developed your budget for 2020/2021 submit it to your Assessor, as evidence for summative assessment.