hello. please help me to finish my assignment. its very difficult I have to submit tomorrow but I am still confusing. thanks

Assessment Task 2 NAME) BSBFIA402A Report on financial activity (STUDENT'S Reading and interpreting financial statements Submission details Student's name Assessor's name Date submitted Performance objective 1. Make, record and disclose asset and liability valuations in accordance with organisational requirements. 2. Ensure that discrepancies, unusual features or queries are identified, resolved or referred to the appropriate authority. 3. Use conversion and consolidation procedures to compile analysis in accordance with organisation requirements. Assessment description 1. Identify the asset and liability valuations that the organisation has recorded on the Balance Sheet. 2. Complete a comparison of the Profit and Loss Statement and Budget and identify any information that requires further investigation due to a discrepancy, unusual feature or query. 3. Complete financial calculations. Procedure 1. Using a red pen, circle on the Balance Sheet the asset and liability valuations that the organisation has recorded. 2. Using a red pen, mark a number on the Profit and Loss Statement next to any information that requires further investigation due to a discrepancy, unusual feature or query when comparing the information with the information contained in the Budget. Each discrepancy, unusual feature or query should have a different number. 2009 IBSA MC v.2 2015 Page 1 of 8 Assessment Task 2 NAME) BSBFIA402A Report on financial activity (STUDENT'S Using the table below list each number, which you have detailed on the Profit and Loss Statement, and provide a short sentence describing the issue and how you would resolve it. Number Details 1. 2. 3. 4. 5. 2009 IBSA MC v.2 2015 Page 2 of 8 Assessment Task 2 NAME) BSBFIA402A Report on financial activity (STUDENT'S 2009 IBSA MC v.2 2015 Page 3 of 8 Assessment Task 2 NAME) BSBFIA402A Report on financial activity (STUDENT'S 2009 IBSA MC v.2 2015 Page 4 of 8 Assessment Task 2 2009 Innovation & Business Industry Skills Council Ltd BSBFIA402A Report on financial activity (STUDENT'S NAME) Page 5 of 8 Assessment Task 2 2009 Innovation & Business Industry Skills Council Ltd BSBFIA402A Report on financial activity (STUDENT'S NAME) Page 6 of 8 Assessment Task 2 BSBFIA402A Report on financial activity 3. The management team at Carol's Cup Cakes Pty Ltd have asked you, the finance manager, to complete some analysis on mobile phone expenditure. They have requested the following: a) Calculate the average expenditure for each month. b) Calculate the variance in actual expenditure from budget, as a %, for each month. c) Calculate the average expenditure for each employee. d) Calculate the variance in actual expenditure from budget, as a %, for each employee. e) Each employee has a budget of 125 $ per month as a mobile expense. Use the table below to record your answers. CAROL'S CUP CAKES MOBILE PHONE EXPENDITURE 2009 IBSA MC v.1 2014 Page 7 of 8 Assessment Task 2 Sales Representati ve BSBFIA402A Report on financial activity Jan 09 Fe b 09 Ma r 09 Ap r 09 Ma y 09 Ju n 09 Charlotte Sherlock 12 2 12 4 11 6 12 8 11 8 12 7 Brody Spears 11 2 11 4 10 6 11 8 10 9 11 6 Archie Short 11 9 12 1 11 3 12 5 11 5 12 4 Abby Pope 15 7 16 0 14 9 16 5 15 2 16 3 Jack Smythe 12 3 12 5 11 7 12 9 11 9 12 8 Olivia Burke 14 5 14 8 13 8 15 2 14 1 15 1 Grace Masters 17 8 18 2 16 9 18 7 17 3 18 5 Henry Fulton 14 8 15 1 14 1 15 5 14 4 15 4 Oliver Harris 13 2 13 5 12 5 13 9 12 8 13 7 Mia Wright 95 97 90 10 0 92 99 Averag e Monthl y Spend Varian ce from Budge t Average Monthly Spend % Variance from Budget 2009 IBSA MC v.1 2014 Page 8 of 8