Wim mid sem mar 2021
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The document contains exam questions for a wealth and investment management course taken by MBA, Integrated BBA-MBA, and Integrated Btech+MBA students. The exam covers topics like diversification of investments, the wealth management consultative process, life stages and wealth management, preparing a financial goal sheet, basic investing concepts, asset classes, and direct vs indirect investments. Students must answer any 5 of the 7 questions in 1 hour for a maximum of 15 marks.
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SITXFIN003 Assessment
SITXFIN003 Manage finances within a budget
Assessment
Instructions to Students:
Student name:
Unit description
This unit describes the performance outcomes, skills and knowledge required to take responsibility for budget management where others may have developed the budget. It requires the ability to interpret budgetary requirements, allocate resources, monitor actual income and expenditure, and report on budgetary deviations.
The skills and knowledge for budget development are covered in SITXFIN004 Prepare and monitor budgets.
揃
TASK a Short answer
Instructions:
揃 You are to answer all questions.
揃 Read each question carefully.
揃 Ensure you have provided all required information.
SECTION 1: ALLOCATE BUDGET RESOURCES
Q1: What is a budget and how does it help a business achieve its goals?
Satisfactory Unsatisfactory
Q2: What determines how business funds are divided amongst different departments and projects?
Satisfactory Unsatisfactory
Q3: What is the difference between a fixed (static) and flexible (variable) budget?
Satisfactory Unsatisfactory
Q4: What is a cash flow budget and what is it used for?
Satisfactory Unsatisfactory
Q5: What is a profit and loss budget and what is it used for?
Satisfactory Unsatisfactory
Q6: What do the following terms mean?
Financial viability
Profitability
Liquidity
Satisfactory Unsatisfactory
Q7: What is a budget cycle?
Satisfactory Unsatisfactory
Q8: What must you do when budget priorities are changed? Explain why.
Satisfactory Unsatisfactory
Q9: Your budget allows only a limited amount of funding for wages. Who needs to know about these types of resource decisions? Explain why.
Satisfactory Unsatisfactory
Q10: List two (2) ways you can promote awareness of the importance of budget control.
1.
2.
Satisfactory Unsatisfactory
Q11: How does promoting the importance of budget control help you achieve team or work area goals?
Satisfactory Unsatisfactory
Q12: Why is it important to record resource allocation?
Satisfactory Unsatisfactory
Q13: Budgets are not the only source of information relating to where resources are allocated and controlled within a business. List four (4) other records used to show resource allocation.
1.
2.
1.
2.
Satisfactory Unsatisfactory
SECTION 2: MONITOR FINANCIAL ACTIVITIES AGAINST BUDGET
Q14: Why do we record and compare actual performance figures with budgeted figures?
Satisfactory Unsatisfactory
Q15: How often should you check actual income and expenditure figures against budgets?
Satisfactory Unsatisfactory
Q16: List six (6) types of financial records you can use to check income and expenditure information.
1.
2.
3.
4.
5.
6.
Satisfactory Unsatisfactory
Q17: What is one benefit of using computerised systems to maintain financial records?
Satisfactory Unsatisfactory
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Professors Name
Students name
Students number
Date of submission
Running head: INDUSTRY AND CAREER RESEARCH REPORT 1
Table of Contents
Industry and career research report 3
Academic Program Outline 3
Industry affiliations 5
Professional associations 5
Purpose 5
Users 6
Services 6
Events 6
Membership and fees 6
Industry certification and publication 6
Levels 6
Cost of certification 7
Process 7
Benefits 7
Industry related publications 7
News Article 8
Job posting 8
Three job requirements 8
Job fit 8
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Table Number 1
Program name: Business administration- Accounting
Program number: 2405
Program coordinator:
Course code
Course title
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One course learning outcome
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4(2+2)
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4
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MKTG-116
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3
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Semester 2
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6(2+4)
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Financial Accounting 2
4
Preparation of financial statements in accordance with Generally Accepted Accounting Principles.
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4
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SITXFIN003 Manage finances within a budget
Assessment
Instructions to Students:
Student name:
Unit description
This unit describes the performance outcomes, skills and knowledge required to take responsibility for budget management where others may have developed the budget. It requires the ability to interpret budgetary requirements, allocate resources, monitor actual income and expenditure, and report on budgetary deviations.
The skills and knowledge for budget development are covered in SITXFIN004 Prepare and monitor budgets.
揃
TASK a Short answer
Instructions:
揃 You are to answer all questions.
揃 Read each question carefully.
揃 Ensure you have provided all required information.
SECTION 1: ALLOCATE BUDGET RESOURCES
Q1: What is a budget and how does it help a business achieve its goals?
Satisfactory Unsatisfactory
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Satisfactory Unsatisfactory
Q3: What is the difference between a fixed (static) and flexible (variable) budget?
Satisfactory Unsatisfactory
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Satisfactory Unsatisfactory
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Satisfactory Unsatisfactory
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Satisfactory Unsatisfactory
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Satisfactory Unsatisfactory
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1.
2.
Satisfactory Unsatisfactory
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Satisfactory Unsatisfactory
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Satisfactory Unsatisfactory
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1.
2.
1.
2.
Satisfactory Unsatisfactory
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Satisfactory Unsatisfactory
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Satisfactory Unsatisfactory
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1.
2.
3.
4.
5.
6.
Satisfactory Unsatisfactory
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Satisfactory Unsatisfactory
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Industry and Career Research Report
Professors Name
Students name
Students number
Date of submission
Running head: INDUSTRY AND CAREER RESEARCH REPORT 1
Table of Contents
Industry and career research report 3
Academic Program Outline 3
Industry affiliations 5
Professional associations 5
Purpose 5
Users 6
Services 6
Events 6
Membership and fees 6
Industry certification and publication 6
Levels 6
Cost of certification 7
Process 7
Benefits 7
Industry related publications 7
News Article 8
Job posting 8
Three job requirements 8
Job fit 8
Industry and career research reportAcademic Program Outline
The program below if for accounting, it will enable you to learn how to set up your business for success. After studying the program, you will acquire skills that will help you get a job in any business environment or start up your own business and manage it well. The program covers managerial accounting, financial accounting and use of software that operate in business environment (Centennial College, 2015).
Table Number 1
Program name: Business administration- Accounting
Program number: 2405
Program coordinator:
Course code
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One course learning outcome
Semester 1
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3
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4
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4
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