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Task 4 Manage Finance
Task 4 Manage Finance
Task 4 Manage Finance
Full Name
Trainer Name
Student Declaration
1. I declare that this assessment has been completed by me and is my own work
2. This assessment is submitted in accordance with the NCCS Regulations and
Assessment Policy. I also understand the serious nature of academic dishonesty
(such as plagiarism) and the penalties attached to being found guilty of
committing such offences.
3. No part of this assessment has been copied from any other source without
acknowledgement of the source.
4. No part of this assessment has been written by any other person, except to the
extent of collaboration and/or group work as defined in the assessment.
5. A copy of the original assessment is retained by me and that I may be required to
submit the original assessment to the trainer upon request.
6. I am aware of my appeal rights.
Student Name
Date 26/3/2019
Introduction
Summary
120+
Client Name Days 90 Days 60 Days 30 Days Current Total
ATO Client 1 4356
Client 2 2714
Client 3 3781
4,356.0
Totals 2,714.00 0 3,781.00 0.00 0.00
From the Aged Debtor Report generated and shown above, the payment of all 3 clients
are overdue as our company’s usual payment terms is 10 days from invoice.
The following guidelines will also help to establish an effective debt management
system:
● Ensure all payment arrangements with debtors are always confirmed in writing
● For overdue payments, contact the debtor promptly to confirm they received their
invoice
● Create a monthly debtors aged analysis
● Make sure your invoices meet your customers' format requirements
Assessment Answer Booklet – BSBFIM601 Manage finance