Role of financial consultant to provide suggestion

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Reference no: EM132317365

Project Task

Assessment Task: Project

Student Assessment Instructions

• This project requires you to work independently and submit an individual report (The assessor will provide details of the report).
• Student to take to role of Financial Consultants
• From the documents gathered at their interview with the CEO (Trainer), information provided by the assessor, and their own research, the students are to prepare a Report to the CEO on the future of the business
• If the Consultant's Report is to cease the business, this may be the only recommendation given. However, the recommendation must be fully supported by research. For example; current Industry Life Cycle and industry statically forecasts. If in the view of the Consultant's research, the business is commercial viability going forward, the Report should contain at least 4 recommendations.
• All recommendations must be fully analyzed and show financial benefits.
• The Report to cover the next 2 years of trading
• As a guide, the Report should be around 2500 - 3000 words
• You need access to the project instructions to complete this task.As this is an open-book task, you may also access a learner guide, the internet and/or other resources.
• You must satisfactorily complete all sections of the assessment and submit these to your assessor. Ask your assessor to clarify any aspect you are unsure about in this assessment task.
• You may be asked to explain your responses if the assessor needs any clarification.
• You will demonstrate your skills and knowledge by completing a scenario-based project.

Required Resources
• You will need to have access to relevant legislation, standards and codes, industry practices and student book resources.

Evidence
• You must submit the completed assessment cover sheet and your assessment by online submission within the allocated time.
• Ensure you keep a copy of your submitted work. Assessments submitted without completed cover sheet will not be accepted.

When and where will this assessment take place?
• This assessmentmay be undertaken in a simulated environment/in a classroom/at home - to be discussed with the assessor.
• Your assessor will provide you with the due date, which can be recorded in the assessment plan.
• Your assessor may also specify the length of time allowed and the expected word count, if applicable.

What if the assessment is not suitable?
• If you are unable to provide sufficient evidence with the written assessment method, your assessor may be able to provide you with an alternative method. Discuss this with your assessor.

Assessment Outline

Fleetwood Corporation RV
(Coromal / Windsor Caravans)

1. Student takes the role of financial consultant to provide suggestion to the CEO. Students can choose to discuss this case study with other students and share ideas, thoughts and opinions. However, it is strictly prohibited
2. Lecturer takes the role of the CEO of Fleetwood's RV (Recreational Vehicle) Business
3. Students will be given the RV section of the Fleetwood Corporation's Half year Financial Report ending December 2017 which contains detailed information of Fleetwood's RV Business. This document serves as background information and forward strategic planning
4. Fleetwood Board of Directors call in consultants to review the RV performance and to make financial recommendations for the next 2 years.
5. Student will have10- minute interviews / formal meetings with the CEO (in Week 4 and Week 6). These will be appointment only. student must attend these meetings with drafted assignment documents.
6. The CEO is aware the government will make the RV industry exempt from GST on the sale of caravans for the next 12 months.
7. Class schedule; lectures to start no later than 9.15am with a 15 minute break at 10.15am, then class goes to 12.15pm. Following 30 minutes for lunch, students will work in their groups on tasks related to the assessments. For example: research, interviews with CEO, and seek assistance with assessment - this assistance will not override information that would be obtained in arranged formal meetings
8. Lectures will be a combination of course material and added financial information to complete assessments

Assessments:

1. Interview with CEO. Students must submit a copy of their completed Client Information Forms with a Project Review timetable as part of their assessment

2. Written Report with financial recommendation for 2019-2021. Due start of class week 8. As a guide, this Report should be 2,500 - 3,000 words and be in a formal Report format.
The Report must include 2018 Profit and Loss Statement and forecast 2020 Profit and Loss Statement.
All recommendations must be supported by financial data
The structure and information to be presented in this Report will form part of the class lectures and activities.

3. Fifteen minute presentation of the Report with to the Fleetwood Board (the class), plus 5 minutes for questions from the floor. Due start of class week 8.

The schedule for presentations will be allocated in week 8

Notes:

1. Please remember, this is a financial service training unit, not a marketing unit.
All recommendations in regard to the business, cost savings, resources etc must come from, and be well supported by research and the meetings with the CEO. All recommendations must be stated in financial term.

2. Each student must submit his own copy of the group's Report and one additional copy must be submitted by email to the lecturer. Any overdue Reports will be marked as "unsatisfactory"

3. Student will be given a defined date and time for his presentations in week 8. All students must attend the presentation on time. Any student not present at the time of the presentation will be marked "unsatisfactory."
The absent student may present their Report at a later date after consultation with the lecturer regarding the presentation format.

4. Students must obtain "satisfactory" mark in all three sections to achieve a final result of Competent for the unit.

Section 1 - Assess client needs

P1. Clarify and confirm client's expectations, goals and objectives
P2. Identify client's specific legal and financial requirements when establishing, structuring, and financing a business
P3. Discuss financial options and processes with client to develop suitable plans for providing information and achieving client goals within agreed timeframes
P4. Regularly review progress of plans against agreed criteria and clearly communicate results to client
P5. Monitor client objectives and respond to changes in client needs
Required Evidence:
• A Business background Analysis (PESTL Analysis) of Fleetwood Corporation
• A financial proposal/ plan of Fleetwood RV sector with clear financial performance KPIs. The financial proposal must kept align with the Fleetwood Corporation objectives.
• A review/monitor procedure for financial performance of Fleetwood Corporation

Section 2 - Analyse data

P6. Seek advice on reliability and accuracy of data from authorities and sources according to organisational procedures

P7. Compile and reconcile data to confirm that statements are accurate and comply with organisational procedures, statutory requirements, and standard financial reporting principles

P8. Analyse data and reports in line with standard financial analysis techniques and client's business and personal objectives

P9. Evaluate information in relation to the financial profitability, efficiency and stability of a business

P10. Evaluate financial potential of the business, its future funding requirements, and statutory obligations
Required Evidence:
• An RV (Recreational Vehicle) Business industrial analysis report by researching the relevant RV industry online
• A financial statement analysis report (liquidity, efficiency, profitability and stability) with listed applicable organizational procedures, statutory requirements and AASB standards etc.
• Recommendations of the financial performance of Fleetwood RV business in aspects of profitability, efficiency and stability.

Section 3 - Prepare and provide financial and performance advice to client

P11. Formulate advice that provides client with realistic view of business financial performance and compliance, including significant taxation issues and comparisons of options

P12. Use suitable methods of presentation and formats, language and forms of documentation to convey information to client

P13. Provide advice about how risks and contingencies and future cash flows may be identified and quantified, and advise client of risk management options and rights and obligations

P14. Advise client on new or alternative finance sources, and features of short-term and long-term finance

Required Evidence:
• A realistic financial forecast report and Taxation Impacts for Fleetwood RV business for 3 years (2019-2021)
• A comprehensive financial risks analysis and contingency plan for these risks
• Recommendations or advices on the business on recent 3 year's financing options such as Bank borrowings and shares.

Attachment:- Assessment tool.rar

Reference no: EM132317365

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Reviews

len2317365

6/6/2019 12:47:44 AM

Report Submission Standards: 1. Professional business report format: Table of Contents, Executive Summary, Main Contents, Conclusion etc. 2. Font (size 11 or 12, Times New Roman, Calibri, Arial) 3. No significant spelling and grammar errors 4. Word limits: 2500-3000 Words 5. Header: Unit Code, Unit Name and Task Name 6. Footer: Student Name/ ID and page number 7. Appendix: list all information resources and references (APA Reference)

6/6/2019 12:47:32 AM

P11. Formulate advice that provides client with realistic view of business financial performance and compliance, including significant taxation issues and comparisons of options P12. Use suitable methods of presentation and formats, language and forms of documentation to convey information to client P13. Provide advice about how risks and contingencies and future cash flows may be identified and quantified, and advise client of risk management options and rights and obligations P14. Advise client on new or alternative finance sources, and features of short-term and long-term finance Required Evidences: • A realistic financial forecast report and Taxation Impacts for Fleetwood RV business for 3 years (2019-2021) • A comprehensive financial risks analysis and contingency plan for these risks • At least 2 Recommendations or advices on the business on recent 3 year’s financing options such as Bank borrowings and shares.

6/6/2019 12:47:24 AM

Section 2 - Title of Section Two P6. Seek advice on reliability and accuracy of data from authorities and sources according to organisational procedures P7. Compile and reconcile data to confirm that statements are accurate and comply with organisational procedures, statutory requirements, and standard financial reporting principles P8. Analyse data and reports in line with standard financial analysis techniques and client’s business and personal objectives P9. Evaluate information in relation to the financial profitability, efficiency and stability of a business P10. Evaluate financial potential of the business, its future funding requirements, and statutory obligations Required Evidence: • A RV (Recreational Vehicle) Business industrial analysis report by researching the relevant RV industry online • A financial statement analysis report (liquidity, efficiency, profitability and stability) with listed applicable organizational procedures, statutory requirements and AASB standards etc. • At least 3 Recommendations of the financial performance of Fleetwood RV business in aspects of profitability, efficiency and stability.

6/6/2019 12:47:14 AM

1 Section 1 - Assess client needs P1. Clarify and confirm client’s expectations, goals and objectives P2. Identify client’s specific legal and financial requirements when establishing, structuring, and financing a business P3. Discuss financial options and processes with client to develop suitable plans for providing information and achieving client goals within agreed timeframes P4. Regularly review progress of plans against agreed criteria and clearly communicate results to client P5. Monitor client objectives and respond to changes in client needs Required Evidences: • A Business background Analysis (PESTL Analysis) of Fleetwood Corporation • A financial proposal/ plan of Fleetwood RV sector with clear financial performance KPIs. The financial proposal must kept align with the Fleetwood Corporation objectives. • A review/monitor procedure for financial performance of Fleetwood Corporation

6/6/2019 12:46:45 AM

• You must submit your completed assessments to your assessor. Instructions on what to submit are detailed in each assessment task. • Each assessment task you submit must have a signed cover sheet. Otherwise the assessment will not be accepted. Cover sheets are provided for each of the assessment tasks. • When assessments have been completed, your assessor will provide you with feedback. • When all assessments are completed and assessed, your assessor will provide you with a Record of Outcome. • If you believe your assessment result is not right, you should discuss this with your assessor. They will direct you to your Student Handbook and/or Acknowledge Education’s Policies and Procedures which will have information about how to appeal an assessment result.

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