Scribd Logo
Upload

Welcome to Scribd!

  • 5 views

    FNSACC634 Assessment Tasks 3 Apr 2024

    Uploaded by

    casbambi30
    assignment

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    FNSACC634 Assessment Tasks 3 Apr 2024

    Uploaded by

    casbambi30
    5 views3 pages
    assignment

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    assignment

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    5 views3 pages

    FNSACC634 Assessment Tasks 3 Apr 2024

    Uploaded by

    casbambi30
    assignment

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Student Assessment Tasks

    FNSACC634 Monitor corporate governance activities


    Student Name:

    Student Name:
    FNSACC634 Monitor corporate governance activities

    Assessment Task 3 Instructions as provided to students


    Complete the following activities:

    Carefully read the following.

    A company’s board of directors are responsible for maintaining good corporate


    governance. There are important policy and performance elements to these
    responsibilities. The board of directors is the guardian of fairness, transparency and
    accountability in all of the major financial and business dealings of the company,
    defending the interests of investors and wider stakeholders.
    Fly Me High Travels International launched its operations on 1 January under the
    name of Fly Me High Travels Australia. The agency specialises in providing cheap
    tickets to customers via its one national store located in Sydney and an online
    store. It also deals in selling wholesale tickets to other agencies.
    The company has set the following KPIs for its operations:
     Increase total sales by 10% every month
     Advertising expenses to remain the same for next 6 months
     Wages and salaries to be decreased by 5% every quarter
     Online sales to be increased by 15% each month
     Open stores in all capital cities in Australia within the next 3 years.

    1. Write a budget report.

    You are required to plan a report that can presented to the directors of the company
    by the end of August. The objective of the report is to assist the directors in making
    further decisions on the business expansion and meeting business compliance
    requirements.
    The report should be in clear and concise English to facilitate understanding by the
    Directors.
    Review the case study information provided above and the Fly High Budget and
    develop a report that addresses the following points:
     What are the outcomes of the budgets for the first six months’ operation in
    Australia?
     Was the company able to achieve its KPIs? Explain why or why not.
     Is the business complying with ATO requirements and reporting in a timely and
    an efficient manner?
     What appropriate recommendations would you make for meeting ATO and
    other legal requirements? Prepare a plan for lodging and meeting those
    requirements within the required timeframes.

    Cass Training Pty Ltd t/a Cass Training International College RTO No. 90309 CRICOS Provider No. 00956C Page | 2
    © RTO Works 2020 Student Assessment Booklet V 21 Apr 2024
    FNSACC634 Monitor corporate governance activities

     Based on all of the information you have reviewed what recommendations


    would you make to see an overall improvement of the financial process and
    internal controls systems of the business?
    Use the Budget Report Template to guide your work.

    2. Write an email to your assessor.

    The text of the email should be in grammatically correct English, written in an


    appropriate (polite, business-like) style.
    It should summarise the contents of the attachment.
    Attach your budget report to the email.

    Cass Training Pty Ltd t/a Cass Training International College RTO No. 90309 CRICOS Provider No. 00956C Page | 3
    © RTO Works 2020 Student Assessment Booklet V 21 Apr 2024

    You might also like