Assessment 2 Project SITXFIN005 V2 Part 2

Assessment Tasks and Instructions
Student Name
Preferred Name
Unit(s) of Competency and Code(s) SITXFIN005 Manage physical assets
Stream/Cluster Advanced Diploma of Hospitality
Trainer/Assessor
Assessment for this Unit of Competency/Cluster Details

Assessment 1 Short Answers
Assessment 2 Project
Attempt Number
Student to Select correct attempt number. Assessors to adjust if not correct or entered.
By due date or before Corrections to be made within 2 weeks Only when needed. Fees may apply.
☐1 ☐2 ☐3
Assessments must be your OWN work. Fees will apply if proven and an alternate assessment may be given.
Assessment Guidelines
What will be assessed

The purpose of this assessment is to assess your ability to complete tasks outlined in elements and
performance criteria of this unit in the context of the job role, and:
 develop a plan for the acquisition, maintenance and replacement of at least three different types of
physical assets listed in the knowledge evidence
 demonstrate procedures to:
o monitor the utility of above assets to meet business needs
o provide regular financial reports on the assets
o record formal and informal customer and staff feedback
o integrate day-to-day condition reports
o schedule internal or external inspections or audits
o schedule management reports
o develop and maintain a current register for the above assets.
Place/Location where assessment will be conducted/Timeframes
AHTS – Training & Education
Resource Requirements
Refer to the Assessment conditions attached to the Futura Group Mapping Document located in the teacher
support tools folder or the “Assessment Conditions” for this unit in the SIT 1.0 Training Package.
Computer, Internet Access, financial data, organisational procedures relevant to the organisation for which
physical assets are managed and to be acquired.
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Instructions for assessment including WHS requirements
The project for assessment 2 consists of 3 parts, Part A, B and C
For Part A
you are required to develop a resource acquisition plan for the acquisition of 3 different resources from the
following main categories:
 buildings
 computer systems
 equipment fixtures, fittings and furniture in one of the following:
o accommodation establishments
o commercial kitchens
o restaurants and bars
o storage areas
o tourism, hospitality and event offices
o transportation depots
 gardens
 pools
 rides and games
 vehicles
 vessels
For Part B
 you are required to develop an asset register which needs to list the details for the 3 new physical
assets you have determined in Part A.
 You must include the maintenance requirements and schedule of maintenance for each asset.
For Part C
 you are required to develop a resource management strategy which provides details on how the
efficiency of each asset is monitored
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Assessment 2
The project for assessment 2 consists of 3 parts, Part A, B and C
Part A
Requires you to develop a resource acquisition plan for the acquisition of 3 different resources from the
following main categories:
 buildings
 computer systems
 equipment fixtures, fittings and furniture in one of the following:
o accommodation establishments
o commercial kitchens
o restaurants and bars
o storage areas
o hospitality offices
o transportation depots

Part B
Requires you to develop an asset register which needs to list the details for the 3 new physical assets you have
determined in Part A. You must include the maintenance requirements and schedule of maintenance for each
asset.
Part C
Requires you to develop a resource management strategy which provides details on how the efficiency of each
asset is monitored
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PART A – Acquisition Plan
Task:
You are required to choose 3 different physical assets for:

 AHTS Training café
or
 The business used for your business plan. (with approval from your trainer)
Everyone in the class should pick different items.
VALUE OF ASSET List of assets to discuss

Asset 1 < $20,000 POS system
Asset 2 > $20,000 Restaurant furniture
Asset 3 Any value Kitchen furniture
1. Provide an overview of the business activities of the organisation relevant to the physical assets selected.
Business name
Overview of business The business aims to provide the Vietnamese food to customers, especially
Summary of Business Vietnamese people, students and visitors in Australia and become one of
the finesse restaurant providing Vietnamese food
What is your service / product you Vietnamese cuisine
provide
Number of customers? Suppose to be 250 customers daily
How busy are you on a daily basis? Busy during the working shif
Are your current assets enough to May fail to meet the demand of the business
meet the demand for your
business?
2. List the purpose of the acquisition or replacement of the physical assets, providing detailed information what
informs the decision to acquire these new assets.
Tick 1 option 
Acquisition Replace Purpose of Purchase: Why is it needed?
New
Asset 1  It is needed to manage the operation of the restaurant effectively
Asset 2  To meet the demand of customers
Asset 3  To leverage the quality of food
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3. Write an overview of specifications for each asset which clearly outline what requirements each asset needs to fulfil in terms of capacity, performance,
size, location requirements and maximum budget for each or for the overall budget parameter.
Asset Capacity Performance Size / Qty location requirements maximum budget

Example Coffee machine & Minimum 2 heads to produce coffee High performance Large Adelaide, retailer or $ 30 000
Grinder Hold minimum 1L of beans Medium online
Asset 1 POS system At least 1 POS to proceed the High performance Full Online, contact with $ 25 000
payment with 2 terminal register the website
developers
Asset 2 Restaurant Minimum 10 dining tables and chair High performance Large or Online, retailers $ 40 000
furniture to meet the demand of customers medium
Asset 3 Kitchen furniture High performance Large or Online, retailers $ 50 000
One new oven , new cooking system medium
and minimum 100 new glassware
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4. Obtain 3 prices or quotes from different suppliers or sources for each asset. Attach the correspondence and final quote received for each asset to this
project.
Physical asset EXAMPLE Coffee Machine 2 group head

EXAMPLE
Source https://www.nisbets.com.au/search/?text=espresso+coffee+machine
Name of Product Quote  best option
Prices
Quote 1 Wega Pegaso Evd 2 Group Coffee Machine Black $4399.90 
EVD2PG
Quote 2 Wega Polaris Tron EVD 2 Group Coffee Machine Black $6799.90
EVD2PR15
Quote 3 Wega IO Evd 2 Group Coffee Machine White EVD210 $4899.90
Physical
asset 1
Name of Product + Notes Source / internet address Quote Prices 
best
option
Quote 1 Retail Point of Sale System Two Stations https://www.amazon.com/Retail-Point-Sale-System- $2,799.95
- Includes Touchscreen PC (2), POS
Software (CRE) (2), Receipt Printer (2),
Touchscreen/dp/B07DNKF51F/ref=redir_mobile_desktop?_
Scanner (2), Cash Drawer (2), and Credit le
Card Swipe Reader (2)
Quote 2 Square Register https://www.amazon.com/Square-A-SKU-0373- $799.00
Register/dp/B07D39QG5W/ref=sr_1_4?crid=UTNYP5QUF8TB
Quote 3 Retail Point of Sale System - https://www.amazon.com/Retail-Point-Sale-System- $1,499.95 
Includes Touchscreen PC, POS Touchscreen/dp/B00JDXZ9JW/ref
Software (Retail POS), Receipt
Printer, Barcode Scanner, Cash
Register Drawer, and Credit Card
Swipe Reader
Why is it your chosen option better?
Xxxx
It is suitable due to its competitive price and quality and it meets the requirements of the restaurant
Paste the correspondence and final quote received for each asset here.
Final quote is $1,499.00 with free shipping
Physical
asset 2
Name of Product + Notes Source / internet address Quote Prices 
best
optio
n
Quote 1 ODENSE BOX END BLACK STEEL
LEG SOLID EUROPEAN OAK
https://connectfurniture.com.au/en/Product/HSTFUR2096_Odense- $
Box-End-Black-Steel-Leg-Solid-European-Oak-210x110cm-Dining-
210X110CM DINING TABLE BY BENT
Table-by-Bent-Design
2,308.00
DESIGN
Quote 2 BAXTER 210CM DINING TABLE https://ozdesignfurniture.com.au/furniture/dining/dining- $2,499.00

tables/baxter-210cm-dining-table
Quote 3 Rae Bistro Table (81 cm or http://www.potterybarn.com.au/rae-bistro-table? $875.00 
122 cm) quantity=1&attribute_1=Large%20(122%20cm)
Xxxx
It is cheaper and suitable for a small space of the restaurant
Final quote is $850.00 for each, including shipping cost
Physical
asset 3
Name of Product + Notes Source / internet address Quote Prices  best
option
Quote 1 https://www.harveynorman.com.au/bosch- $1495
Bosch Series 8 600mm Built-In Pyrolytic Oven
series-8-600mm-built-in-pyrolytic-
oven.html
Quote 2 Bosch Series 8 600mm Black Glass Built-in Oven https://www.harveynorman.com.au/bosch- $1295 
series-8-600mm-black-glass-built-in-
oven.html
Quote 3 Bosch Series 4 71L Multifunction Built-in https://www.harveynorman.com.au/bosch- $798
Electric Oven series-4-71l-multifunction-built-in-electric-
oven.html
Xxxx
High quality and good price
5. Contact:
¨ 1 financial institution
¨ 2 different suppliers for different assets
¨ 2 different financing options available and costs for 2 assets
(attach copies of your correspondence).
Get money options:

Financial company options: Finance Institute / Mortgage Broker / Bank
Name of financial company
List 3 finance options to get the money to pay for it.
1 Yes loans Quote $339,000
2 Scottish pacific business Quote $350,000
finance
3 Indigenous business Quote $250,000
Australia
Pay supplier options

Example Asset Coffee machine
Supplier Example Victoria coffee
List 3 ways to pay them for the assets
select 3 Best
Financing
options Costing scenarios Total cost optio
options
available n
☒ Hire purchase $757/month – 24 month in total $18 168 ☐
$38 400 ☐
☒ Lease $1600/month
(For two years)
☒ Purchase $18 168 $18 168 ☐
☒ Hiring $500 / week – for 4 weeks $2000 ☐
Email correspondence / information from their webpage.
Student to paste in here what the company has emailed them or what information is on their webpage.
Asset 2 Dining tables and chairs

Supplier 1 Potterybarn
select 3 Best
Financing
options
available n
Hire ☐
☐ purchase
☒ Lease $1000/month – 24 month in total $24, 000 ☐
☒ Purchase $850.00/ each $29650 ☒
☒ Hiring $300 / week – for 4 weeks $1200 ☐
Get 10 % off for the next order
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Asset 1 or 3 (pick one) POS system
Supplier 2 POS supplier
select 3 Best
Financing
options
available n
☐
Hire ☐
purchase
☒ Lease $250/ month $250 month ☐
☒ Purchase $1,499.00 $1,499.00 ☒
☐ Hiring ☐
Get free shipping and 10% off for the next order
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6. Calculate the finance variants offered to you and determine the best options for each asset. Your options
need to include potential factors for depreciation, consideration for technology changes and financial
impacts on the organisation and financial aspects for which you will seek specialist advice. (Your depreciation
calculations must consider the current regulations published on the ATO website).
TYPE 1 DEPRECIATION
Straight line / Prime Cost Method

ASSET EXAMPLE – (eLearning example)
DEPRECIATION SCHEDULE DETAILS

Description of asset Wine Fridge
Original Cost Price (A) $3000
Purchase Date DD/MM/YY
Residual Price (B) $1000
(Selling Price at the end of its life, it
may be worth $0.00)
Estimated effective life (C) 5 years
Annual Depreciation amount (A – B) / C (3000 – 1000) / 5
= 400
Asset Depreciation Rate
Note the number of years should match your effective life of the asset.
Year Written-down Depreciation Accumulated Written-down
value (WDV) for current year Depreciation value (WDV)
start of year end of year
(book value)
Year 1 3,000 400 NA Year 1 2,600
Year 2 2,600 400 800 2,200
Year 3 2,200 400 1,200 1,800
Year 4 1,800 400 1,600 1,400
Year 5 1,400 400 2,000 1,000
TYPE 2 DEPRECIATION
Diminishing Depreciation
ASSET EXAMPLE – (eLearning example)

Description of asset Car
Original Cost Price (A) $60,000
Purchase Date DD/MM/YY
Days held - in a year. (B) 365
(1 year = 365)
Assets effective Life (C) 10 years
Annual Depreciation amount (D) $60,000 x (365/365) x (200%/10)
= $60,000 x 1 x 20%
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A x (B/ 365) x (200%/ C) = $60,000 x 20%
If you use it for a full year = $12,000
 A x (200% / C)
Note to work out 20% without % button
= $60,000 x 0.2
= $12,000
Base Value year 1 = This is the original cost (A)

year 2 = A – D = X
year 3 = X – D = Y
same pattern for the effective life of the asset
# Year Base Value Depreciated amount Final W.D.V
Written Down Value
1 2018 $60,000.00 $12,000.00 $48,000.00
2 2019 $48,000.00 $9600.00 $38,400.00
3 2020 $34,400.00 $7680.00 $30,720.00
4 2021 $30,720.00 $6,144.00 $24,576.00
5 2022 $24,576.00 $4915.20 $19,960.80
6 2023 $19,960.80 $3992.16 $15,968.64
7 2024 $15,968.64 $3193.73 $12,774.91
8 2025 $12,774.91 $2554.98 $10,219.93
9 2026 $10,219.93 $2043.99 $8,175.95
10 2027 $8,175.95 $1635.19 $6,540.75
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TYPE 3 DEPRECIATION
ATO – Small Business Depreciation

 Pool your assets together
*please double check the ATO website information is still correct.
EXAMPLE
# Asset Name Asset cost Asset Installation Cost Total cost of Asset
(add)
Sell cost (minus)
1 Wine fridge $3000 No extra fee $3000
2 Car 60,000 No extra fee 60,000
3 Dining Room $15,000 $500 $15,500

furniture
TOTAL COST OF ASSETS $78,500
Cost of asset Year 1 Year 2 Year 3 Year 4
including <$20000 - Full asset <$20000 - finished <$20000 - finished <$20000 - finished
installation >$20000 – 15% of >$20000 – 30% of >$20000 – 30% of asset >$20000 – 25% of
asset asset Asset x 0.30 asset
Asset x 0.15 Asset x 0.30 Asset x 0.25
Example of <$20,000
Only asset 1
$3000 $3000 - - -
Example of >$20,000
Asset 2 $9000 $18,000 $18,000 $15,000
$60,000
Example of <$20,000
Asset 3 $15,500
$15,500
Small business-what is small business

‘Small business’ is defined differently by regulators in Australia depending on the laws they administer.
For example, ASIC regulates many businesses that are 'small proprietary companies', which means a company
with two out of these three characteristics:
 an annual revenue of less than $25 million
 fewer than 50 employees at the end of the financial year, and
 consolidated gross assets of less than $12.5 million at the end of the financial year.
The Australian Taxation Office defines a small business as one that has annual revenue turnover (excluding
GST) of less than $2 million. Fair Work Australia defines a small business as one that has less than 15 employees.
Despite these differences, many regulators have informally adopted the definition of ‘small business’ used by the
Australian Bureau of Statistics (ABS), which is a business that employs fewer than 20 people.
https://asic.gov.au/for-business/your-business/small-business/small-business-overview/small-business-what-is-
small-business/
ATO – Business Depreciation

https://www.ato.gov.au/business/depreciation-and-capital-expenses-and-allowances/simpler-depreciation-for-small-business/
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Students Asset 1
>$20,000
Instructions: Please do a Prime method Depreciation over 5 years.
TYPE 1 DEPRECIATION
Straight line / Prime Cost Method

Description of asset
Original Cost Price (A)
Purchase Date
Residual Price (B)
(Selling Price at the end of its life, it
may be worth $0.00)
Estimated effective life (C)
Annual Depreciation amount (A – B) / C
Note the number of years should match your effective life of the asset.
Year Written-down Depreciation Accumulated Written-down
value (WDV) for current year Depreciation value (WDV)
start of year end of year
(book value)
Year 1
Year 2
Year 3
Year 4
Year 5
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Students Asset 2
<$20,000
Instructions: Please do a Diminishing Depreciation over 8 years.
TYPE 2 DEPRECIATION
Diminishing Depreciation
Description of asset POS system
Original Cost Price (A)
Purchase Date 12th February 2020
Days held - in a year. (B) 500
(1 year = 365)
Assets effective Life (C) 5 years
Annual Depreciation amount (D) 200
A x (B/ 365) x (200%/ C)

If you use it for a full year
 A x (200% / C)
Base Value
# Year Base Value Depreciated amount Final W.D.V
Written Down Value
1 2020 1499 1299 1299
2 2021 1299 1099 1099
3 2022 1099 8099 8099
4 2023 8099 6099 6099
5 2024 6099 4099 4099
6 2025 4099 2099 2099
7
8
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Students Asset 1 + 2 + 3
All assets combined
Instructions: Please do a Small Business ATO Depreciation.
TYPE 3 DEPRECIATION
ATO – Small Business Depreciation

 No pooling of assets as we are presuming it in a new business and not assets are carried over from
last year.
*please double check the ATO website information is still correct.
# Asset Name Asset cost Asset Installation Total cost of Asset
Cost
1 POS system $1499 $200 $1699
2 Chairs and tables $25650 $400 $29650
3 Oven $1295 $400 $1695
TOTAL COST OF ASSETS
Cost of Year 1 Year 2 Year 3 Year 4

asset <$20000 - Full asset <$20000 - finished <$20000 - finished <$20000 - finished
including >$20000 – 15% of >$20000 – 30% of asset >$20000 – 30% of >$20000 – 25% of asset
asset Asset x 0.30 asset Asset x 0.25
installation
Asset x 0.15 Asset x 0.30
Asset 1 <$20,000
$1699 $1699 $1699 $1699 $1699
Asset 2 >$20,000
$29650 $25202.5 $17641.75 $17641.75 $17641.75
Asset 3. Is it more or less than the $20,000 threshold
$1695 $1695 $1695 $1695 $1695
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7. Based on your calculations, explain the official process that now needs to be followed to finalise the
acquisition of each asset. This may include processes in your existing workplace or common industry
standards and needs to provide:
details for detailed specifications

X Asset securing incorporates strategies of organizing and checking physical assets in the midst of their
profitable lives to the Government. Directing assets satisfactorily requires an unusual state of organization
interest which the stress is kept up all through the period that the advantage remains in Government
Custody.
legal contracts
X
TOR should characterize clearly the targets, objectives, and scope of the task and give foundation data
(counting a list of existing significant considers and fundamental information) to encourage the
consultants’ arrangement of their recommendations. In the event that exchange of information or
preparing is an objective, it ought to be particularly sketched out together with points of interest of
number of staff to be trained, and so forward, to empower experts to assess the desired assets. TOR
should list the administrations and overviews fundamental to carry out the task and the anticipated yields
(for case, reports, information, maps, overviews). Be that as it may, TOR ought to not be as well point by
point and unbendable, so that competing specialists may propose their possess technique and staffing.
Firms might be energized to comment on the TOR in their recommendations. The Ministry’s and
consultants’ particular duties ought to be clearly characterized within the TOR. Whereas planning TOR, the
issues specified in passages 2.0 (Sorts of Consultancy Contracts- dodging
requirements and documentation applicable to different acquisition and financing methods
X
The essential objective of advantage administration is to achieve the scarcest taken a toll reply for
securing, utilize, back and exchange of benefits in understanding with the program goals. Along these
lines, Physical Resource Administration is the orchestrating, obtainment, back and exchange of (physical)
assets with due regard for economy, reasonability and efficiency, and in expansion full consistence with all
related government controls and technique commands.
preparation of documentation for disposal of assets that are being replaced including tax obligations.
X
In case it is offered, exchange or something else arrange of a capital resource, and it needs to be enrolled
or required to be enlisted for GST, it's for the most part a assessable deal and you wish to account for GST
on the sale. it requires to report the installment (or other thought) to get at G1 (add up to deals) on the
action articulation for the significant charge period.
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Part B – Asset Register
Task:
1. Develop an asset register which lists the 3 assets determined in Part A. Your asset register needs to include the following details:
 Asset Details
 Asset description/model/type
 Serial Numbers
 Purchase date
 Cost
 Depreciation amount (from when you undertake this assessment to the end of the financial year). If you have no current value, then base
this calculation on the approximate price you have determined using the ATO guidelines.
 Closing Written Down Values (at the End of financial year where you undertake this assessment)
Asset Register – AHTS Training Cafe
Assets Description Serial Purchase Cost Depreciation Closing

Numbers date amount Written Down
Values
E Coffee machine La Marzocco Coffee machine GB5 LMZO 1970 GB5 16/04/2020 $17 930 $1793 $16 137
x
1 POS system LB-00001 99843 1/10/2019 $1699 $169.9 $1529.1
2 Restaurant PQ-00002 998239 1/10/2019 $29650 $2965 $26685

equipments
3 Kitchen equipments PP-00017 902942 1/10/2019 $1695 $169.5 $1525.5
2. Develop a maintenance register and identify the maintenance requirements for each asset accordingly. For some
assets that might be determined through lease clauses or service contract agreements. If so, include these including
the details. For the remaining assets consult the user manuals or manufacturer’s recommendations with
consideration to frequency of use relevant to your organisation. For example if a post-mix machine or coffee
machine is connected to water filter then this needs to be reflected in the maintenance requirements.
Maintenance register – AHTS Training Café

Assets Maintenance Requirements
EXAMPLE Coffee During the day coffee machine maintenance

machine 1. The first espresso or two should be made using the previous days (old) coffee grounds and
disposed of. This ‘seasons’ the machine and get’s it ready for the days use. This eliminates the
chance of any cleaner residue tainting the first coffee.
2. After using the steam wand turn on and off briefly to purge any remaining milk and wipe the
wand with a damp cloth. This should be done after every use.
Daily coffee machine maintenance

1. Back-flush the coffee machine using the correct cleaners. This includes cleaning the
showerheads and seals with a group head cleaning brush.
2. Clean the milk wand with manufacturer recommended milk cleaner
3. Empty and clean the drip tray with warm soapy water and leave to dry off overnight.
Weekly coffee machine maintenance

1. Keep the flexible waste pipe clean and help to prevent leakage caused by a blockage.
2. Soak the group handles in coffee cleaning solution overnight. Rinse well in the morning prior
to use.
3. Clean grinder hopper.
Six monthly coffee machine maintenance

1. It is recommended that the gaskets are changed roughly every 6 months.
Asset 1 POS system Daily POS system maintenance

1. Clean the surface of the POS system
2. Check the electricity of the POS system
3. Disconnect with the electricity power
Weekly POS system maintenance
1. Expert Assistance
2. Usage by the staff
3. Clean and inspection
Observation by the experts
Asset 2 Restaurant Daily chairs and tables maintenance
equipment 1. Clean the surface
2. Put some cleaning water to maintain the cleanliness
It is suggested to
Asset 3 Oven Daily oven maintenance
1. Clean the surface of the oven
2. Check the electricity of oven
3. Disconnect with the electricity power
4. Empty the oven and use some hot water to clean the smell of the oven
Weekly oven maintenance
1. Clean the oven
2. Clean the inside of the oven
Offer the experts to check and inspect
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Part C – Resource management strategy
Task:
1. Develop a maintenance regime for each asset based on the maintenance requirements you have determined in
Part B.
fill in the template on the following page.
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Assets Maintenance Regime
Types of
Maintenance Reporting Scheduled Cost for human
Assets maintenance Location Duration Disruption WHS Legal requirements Consumables Costs
staff & Monitoring Maintain resources
3 for each asset
Avoid work environment 50c Daily

Regular Clean and Monitoring machine cleanness, Report Clean as you go, Sudden breakdowns.
Barista On site 5 - 10mins hazard (such as steam/Hot Meet WHS requirements Included in staff wages (Tea towel, Detergent, other
Maintenance operational fault to manager. The end of the day Water leaking
water burn) cleaning needs)
Example
Avoid work environment

Coffee Monitoring machine function report fault to Sudden breakdowns. Cost apply depending on
Regular Service Manufacturer On site 60mins Every 6 month hazard (such as steam/Hot Meet WHS requirements $98
machine manufacturer Water leaking specific fault
water burn)
On site or Avoid work environment

Urgency Report fault to manufacturer, Monitoring Cost apply depending on Cost apply depending on
Manufacturer Back to Up to 5 days N/A N/A hazard (such as steam/Hot Meet WHS requirements
Maintenance machine function afer fixed specific fault specific fault
Factory water burn)
Regular Clean and Monitoring machine cleanness, Report Clean as you go,
Cashier On site 5 - 10mins Sudden breakdowns Avoid the hardness Meet WHS requirements Included in staff wages N/A
Maintenance operational fault to manager. The end of the day
Asset 1
POS Staff from the Monitoring machine function report fault to Sudden breakdowns. Avoid the hardness and Cost apply depending on
Regular Service On site 60mins Every 6 month Meet WHS requirements $100
system retailer manufacturer Sofware failure sofware failure specific fault
On site or
Urgency Report fault to manufacturer, Monitoring Avoid the hardness and Cost apply depending on Cost apply depending on
Manufacturer Back to Up to 5 days N/A N/A Meet WHS requirements
Maintenance machine function afer fixed sofware failure specific fault specific fault
Factory
Regular Clean and Monitoring machine cleanness, Report Clean as you go, Sudden breakdowns. Avoid work environment
Waiters On site 5 - 10mins Meet WHS requirements Included in staff wages N/A
Maintenance operational fault to manager. The end of the day Water on the surface hazard such as assaults
Tables
Asset 2
and chairs
Staff from the Monitoring machine function report fault to Sudden breakdowns. Avoid work environment Cost apply depending on
and other Regular Service
retailer manufacturer
On site 60 to 90mins Every 6 month
Water on the surface hazard such assault
Meet WHS requirements $100/ each piece
specific fault
equipmen
t On site or
Urgency Report fault to manufacturer, Monitoring Avoid work environment Cost apply depending on Cost apply depending on
Manufacturer Back to Up to 5 days N/A Out of work Meet WHS requirements
Maintenance machine function afer fixed hazard such as assaults specific fault specific fault
Factory
Sudden breakdowns. Avoid work environment

Regular Clean and Monitoring machine cleanness, Report Clean as you go,
Kitchen team On site 5 - 10mins Out of work hazard in the kitchen and Meet WHS requirements Included in staff wages N/A
Maintenance operational fault to manager. The end of the day
electricity usage
Oven and
Asset 3
Sudden breakdowns. Avoid work environment

other Staff from the Monitoring machine function report fault to Cost apply depending on
Regular Service On site 60- 120mins Every 6 month Out of work hazard in the kitchen and Meet WHS requirements $400
kitchen retailer manufacturer specific fault
Blown out electricity usage
tools
On site or Avoid work environment

Urgency Report fault to manufacturer, Monitoring Cost apply depending on Cost apply depending on
Manufacturer Back to Up to 5 days N/A N/A hazard in the kitchen and Meet WHS requirements
Maintenance machine function afer fixed specific fault specific fault
Factory electricity usage
2. The maintenance regime needs to include the following details and outline how each aspect is affected and as
a result addressed:
1) Reporting and monitoring mechanisms to ensure assets are functioning effectively and issues are
reported by using correct and suitable procedures including provisions for specialist advice for complex
issues.
2) Provisions for collecting feedback from customers and reports from staff.
When clients share their story, they’re not fair sharing torment focuses. They’re really educating you
how to form your item, benefit, and trade better.
1. Believe that clients have great thoughts.
2. Focus on nonstop improvement.
3. Don’t spend tremendous wholes of cash doing it.
4. Make it simple for clients to supply feedback
3) Types of maintenance required including common routine maintenance based on the organisation’s
activities for example adjusting doors, fixing furniture, cleaning air-conditioning filters in guest rooms, etc.
• Locks, barring work that must be carried out by a proficient locksmith
• Supply and fitting of light tubes and globes
• Replacement of castors on chairs
• Regular assessments of canals and down channels
• Cleaning of sediment and corrosive traps
• Checks of security wall and minor repairs as required
• Soft drop regions in playgrounds/ovals to be kept up at a secure profundity
• Repainting of signs/blackboards
• Minor scene support
• Replacing tap washers
• Replacing signs
• Repair of creepy-crawly screens
• Minor repairs to furniture and gear
• Minor divider, ceiling and entryway repairs
4) Location of maintenance, e.g. can it be done off-site or away from heavily-trafficked areas?
Maintaining, repairing, and supplanting on the off chance that vital gadgets, gear, apparatus, building
foundation, and supporting utilities in mechanical, commerce, legislative, and private installations If we have
that hardware to does the upkeep on the work put. So we are able to settle it there something else we need
to take all the machines to the work shop or production line.
5) Expected duration of maintenance works

It may take normally from 3 to 5 days for maintenance works
6) Timing of scheduled maintenance, e.g. slow periods such as during the day for a nightclub, or during the
night in high frequency areas.
It's vital to consider all the zones and hardware in a commercial kitchen that needs to be cleaned and to
create an arrangement for staff who will clean them, when they'll be cleaned and how they'll be cleaned. Use
this format to arrange the week by week cleaning plan for your kitchen. Print it out and put it on the divider
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or keep it in the Nourishment Safety Plan documents. Don't disregard to keep completed plans as a record for
Wellbeing Examiners. Additionally do not disregard to incorporate all those hard-to-reach zones such as
behind fridges and other equipment!
7) Likely disruption to operations – what are the disruptions and what are the expected impacts?
When the compressor's operation takes too much time, so it makes a huge clamor within the kitchen.
Moreover, it features a crest time within the kitchen as well. You call the support laborer to settle it in amid
the non-peak hours’ time, but he is come to fix it amid the top hours. And it makes really hard work for you.
since you wish to do work so speedy and difficult. Also, it needed to be focused on your client benefit, item,
and quality. In case the client inquire you what sort of clamor within the kitchen or why the benefit is
deferred, so you wish to let them know so considerately around that happened.
8) WHS issues
 The quantity and position of staff influenced by the issue;
 Any related accepted management system, if that method is compatible with the WHS Act and
the WHS Regulations;
 The terms for the administration of uncertainties (WHS Act s17);
 Temporary actions are defied;
 A further message is claimed;
 A method and the timeline for decisions of the issue and if any other persons may reasonably
be required
9) Legal and regulatory requirements which apply for the physical assets during the course of the financial
year (for example for vehicles carrying passengers, electrical equipment or as relevant to the specifc
assets)
1. Inspection and support
The restaurant's owner’s commitments to appropriately keep up building administrations and give
certification for review shifs agreeing to the sort and utilize of the building, the state or domain where the
building is found and the sort of building benefit in the address. In common, all buildings must comply with
the important building directions at the time of development, and the report of the building is the duty of the
building proprietor. Proprietors must guarantee that leased or rented premises are kept up in great repair,
whether the building is utilized for private or non-residential commercial resolutions.
2. Lifs
Applicable necessities in connection to the least and required compliance measures for lifs are
reported in work wellbeing and security enactment, inability separation enactment, state natural
arranging enactment, national development codes, the Building Code of Australia (BCA) and
Australian and Unused Zealand Standards.
3. Air conditioning
In common, proprietors must guarantee that machines and office facilities such as air-conditioners
(and sinks, showers, etc) are in appropriate working order. Automated fire discovery and concealment
systems.
4. The BCA requires building proprietors to introduce fire security frameworks in all buildings, counting
existing buildings. These incorporate the establishment of smoke alerts. In Modern South Ridges,
building certifiers will, for the most part, require a smoke finder compliance certificate (given by the
circuit repairman who introduced the finders) sometime recently issuing an occupation certificate.
10) Summary of cost impacts for human resources (for examples where maintenance would, e.g. require
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penalty rates for maintenance staff) or the costs where contractors are engaged for specific maintenance
requirements
Maintenance contracts are by and large the foremost temperate strategy for overhauling or keeping up
exceedingly specialized, logical or complex asset/equipment since of the nature of the asset/equipment and
the ought to keep its downtime to a minimum. Complex and costly asset/equipment are regularly best kept
up or adjusted by the initial gear producer (OEM) or its authorized service organization or the third parties
inquisitive about contributing to the foundation. Estimation of costs for support contracts could be a complex
preparation and is imperative for both the proprietors and the benefits suppliers. Benefit suppliers got to
know the evaluated fetched to maintain a strategic distance from making misfortune. The proprietors/ clients
need to know it to choose contract cost so that they are not paying as well much compared to take a piece of
doing that in-house.
11) Costs of scheduled maintenance in terms of parts, required equipment to perform the maintenance and
consumables:
• Physical resource life cycle costs can be significant and are regularly not straightforward to
budget directors. Covered up operational costs relating to physical resources cause noteworthy issues
for budget determining and overseeing cash flow.
• When modern capital resources are obtained, basically, resource life cycle costs are
distinguished, so they can be challenged, compared to elective buys and included in future budget
forecasts.
• To meet the new challenges of diminishing and controlling working costs, it is fundamental
that all businesses have inserted forms to control and screen their physical resource life cycle costs.
• Once straightforward life cycle costs are input investment funds can be made year on year.
Future changes can at that point be made that are trade versatile, spare cash and adjusted to long-
term commerce aims.
12) Provisions for monitoring of financial performance of the assets over the budget period.
Profit margins and cash flow are the backbones of any commerce, proprietors ought to put specific
accentuation on getting customary reports on these zones of the trade. Knowing the money related position
gets to be indeed more imperative as the trade develops, particularly in case that the aim is to develop the
commerce considerably. It is needed for exact and convenient information about the current money related
position can lead to trade disappointment and have other results for the directors/owners. For instance, the
number of enquiries, number of customers per day, average sales value, number of quoted jobs lost, and
customer satisfaction and so on.
13) Occurrences based on the details outlined in the questions above which would inform to review or audit
the performance or viability of the assets.
Regularity and strategy of assessments, and information to be collected, ought to continuously be related to
the benefit being given by the specific resource. The point ought to continuously be to guarantee the
information is utilized to decide the requirement and timing of a few preventative or medicinal activities to
preserve the specified level of benefit. For this reason, a group of directors can select a resource supervisor
who can audit the execution of the resource.
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Assessment 2 Project SITXFIN005 V2 Part 2

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Assessment 2 Project SITXFIN005 V2 Part 2

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Assessment Tasks and Instructions

Assessment for this Unit of Competency/Cluster Details

What will be assessed

You are required to choose 3 different physical assets for:

Everyone in the class should pick different items.

VALUE OF ASSET List of assets to discuss

Asset 2  To meet the demand of customers

Asset 3  To leverage the quality of food

Asset Capacity Performance Size / Qty location requirements maximum budget

Physical asset EXAMPLE Coffee Machine 2 group head

Quote 2 BAXTER 210CM DINING TABLE https://ozdesignfurniture.com.au/furniture/dining/dining- $2,499.00

Final quote is $850.00 for each, including shipping cost

Get money options:

Pay supplier options

Asset 2 Dining tables and chairs

Get 10 % off for the next order

Straight line / Prime Cost Method

DEPRECIATION SCHEDULE DETAILS

DEPRECIATION SCHEDULE DETAILS

Base Value year 1 = This is the original cost (A)

ATO – Small Business Depreciation

2 Car 60,000 No extra fee 60,000

3 Dining Room $15,000 $500 $15,500

Small business-what is small business

ATO – Business Depreciation

Straight line / Prime Cost Method

A x (B/ 365) x (200%/ C)

ATO – Small Business Depreciation

1 POS system $1499 $200 $1699

2 Chairs and tables $25650 $400 $29650

3 Oven $1295 $400 $1695

TOTAL COST OF ASSETS

Cost of Year 1 Year 2 Year 3 Year 4

Asset 3. Is it more or less than the $20,000 threshold

$1695 $1695 $1695 $1695 $1695

details for detailed specifications

Asset Register – AHTS Training Cafe

Assets Description Serial Purchase Cost Depreciation Closing

2 Restaurant PQ-00002 998239 1/10/2019 $29650 $2965 $26685

Maintenance register – AHTS Training Café

EXAMPLE Coffee During the day coffee machine maintenance

Daily coffee machine maintenance

Weekly coffee machine maintenance

Six monthly coffee machine maintenance

Asset 1 POS system Daily POS system maintenance

fill in the template on the following page.

Avoid work environment 50c Daily

Avoid work environment

On site or Avoid work environment

Sudden breakdowns. Avoid work environment

Sudden breakdowns. Avoid work environment

On site or Avoid work environment

5) Expected duration of maintenance works

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