Develop a plan for acquisition for different types of assets

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Reference no: EM132012125

Assessment - Acquisition

Identify and develop an acquisition plan for 3 different types of assets.

Assessment

You will be required to develop a plan for acquisition for three different types of assets for Bunyip Investments Pty Ltd (nominated by your trainer)

Assessment methods and instructions

You are require to provide:
- A brief report identifying the asset recommended to be acquired. How it was identified as required and why ( the new asset, replacement asset, refurbishment of an asset) and how it would benefit the business, including any sustainability information relevant to the procurement, use and retirement of the asset
- A specification sheet to assist in selecting the correct and appropriate asset identified (e.g. description, standards, purpose, technical requirements or detail, design and functionality)
- Notes as to any specialist assistance that may be required, builders, tradesmen, finance, accounting,
- Notes of the contract for acquisition special clauses and or requirements
- Prepare an analysis of the financial options (e.g. purchase, lease loan, rent, and shareholder funds) for procurement, the life cycle of the proposed asset and the tax implications including a depreciation schedule, the depreciation method used and why. Also notes on warrantees offered, insurance, asset maintenance costs.
- A commissioning document for the asset
This assessment activity requires you to submit a portfolio of acquisition orientated documents:
- An explanation to show the method and reasoning behind 3 different types of asset acquisitions
- A specification sheet for each asset to be acquired
- Notes on any sustainability considerations or issues with each asset
- Contract notes highlighting special clauses and or requirements
- A financial report analysing various financing options and suggesting the recommended financing option for the asset ( excel workbook)
- A depreciation schedule for the life cycle of the asset proposed with an explanation of the method chosen
- Notes in reference to any specialist assistance that me required
- An explanation of retirement at end of life procedures for the asset: sale, scrap, refurbishment etc.
- Commission document for the asset

Assets to be acquired:

1. Replacement of under bench glass washing machine short cycle for Gordon

2. Renovation of the Lindsay property

3. Replace lighting - energy reduction

Attachment:- Acqusition.rar

Reference no: EM132012125

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Reviews

len2012125

6/8/2018 2:41:36 AM

Reassessment and appeal information is to be read in conjunction with the Unit Outline. Reassessment Students are to be given two attempts on this assessment. If they are deemed not satisfactory in the first attempt in specific area(s) then the second attempt should be completed on an individual basis. The trainer is to give adequate feedback to the student including which learning activities and parts of the learning materials that will assist the student to be successful on the second attempt.

len2012125

6/8/2018 2:41:27 AM

Recording Requirements The trainees completed assessments will be stored in the WAI Melbourne office and will be stored in accordance with the VET Assessment Procedure. Assessment decision Standard • Check the evidence of the rules of evidence, especially authenticity and currency. • Successful completion of the assessment activity requires the student to submit the required pieces of evidence that demonstrate the performance standard outlined. Students must satisfactorily complete all assessment activities to be deemed competent in this unit.

len2012125

6/8/2018 2:41:19 AM

Assessment The simulated workplace for this unit of competency is Bunyip environment Investments Pty Ltd. A summary of the business, business plans and financial information, floor plans, asset lists etc. have been provided to simulate the business which has a: • A 10 room Bed and Breakfast “The Wattle”, • A 20 room Bed and Breakfast and conference facility “The Lindsay” • A 40-seat restaurant in Creswick “The Gordon”. Also provided is documentation on the proposed purchase of Langi- Yan day spa in Hepburn Springs.

len2012125

6/8/2018 2:41:06 AM

Resources, equipment & materials required Moodle, Microsoft Word and Excel software, websites, physical resources such as kitchens and other equipment/tools (WAI locations Hotel Rooms 4th floor Building A, The kitchen Angliss restaurant, dining facilities Bistro). • Access to computers • Workplace files on Moodle Business profile & Bunyip Investments Pty Ltd business plan • Sample specification sheets • Sample contracts • Depreciation schedules ATO

len2012125

6/8/2018 2:40:59 AM

For example: • The student may be provided an extension of time. • The student may be provided with verbal assistance to interpret the instructions. • The student may request to verbally explain their work and their report. If a reasonable adjustment has been granted to an individual student, record this adjustment on the recording sheet for that activity.

len2012125

6/8/2018 2:40:53 AM

Assessors can apply reasonable adjustment to assessments. Reasonable adjustment is the process of adjusting or changing the assessment to meet the needs and characteristics of the student(s) being assessed, and considering any equity requirements. Student who have sought special assistance should be supported by the teacher to the best of their ability or encouraged to seek special support from LRC referring to the following policies and procedure: • Support for Students with a Diagnosed Disability Policy • Diversity, Access and Equity for Students Policy Provide justification that the alternative procedure for collecting candidate evidence does not impact on the standard expected by the workplace, as expressed by the relevant unit of competency

len2012125

6/8/2018 2:40:43 AM

Context and conditions for assessment The conditions for assessment are: Trainees will have 4 weeks to complete the assessment. Due upload start of class lesson 11 Assessor intervention Microsoft Excel support. Microsoft Word support Research method assistance Staged reviews to ensure student is on target Support by email if required

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