Assessment Tasks and Instructions

Student Name
Student Number
Course and Code
Unit(s) of Competency and Code(s) SITXFIN005 Manage physical assets
Stream/Cluster
Trainer/Assessor

Assessment for this Unit of Competency/Cluster Details

Assessment 1 Short Answers

Assessment 2 Project
Assessment 3
Assessment conducted in this instance: Assessment 1 2 3

Reasonable Adjustment
1. Has reasonable adjustment been applied to this assessment?
No No further information required

Yes Complete 2.
2. Provide details for the requirements and provisions for adjustment of assessment:

Student to complete
My assessor has discussed the adjustments with me
I agree to the adjustments applied to this assessment

Signature Date

2nd Assessor to complete

I agree the adjustments applied to this assessment are reasonable
Name

Signature Date

Assessment Guidelines

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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
RTO to complete

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.

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

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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

Statement of Authenticity
I acknowledge that I understand the requirements to complete the assessment tasks
The assessment process including the provisions for re-submitting and academic appeals were explained to me and I
understand these processes
I understand the consequences of plagiarism and confirm that this is my own work and I have acknowledged or
referenced all sources of information I have used for the purpose of this assessment
Student Signature: Date: / /201

This assessment:
First Attempt 2nd Attempt 3nd Attempt Extension – Date:    /    /   

Part A Satisfactory Not Yet Satisfactory

RESULT OF
Part B Satisfactory Not Yet Satisfactory
ASSESSMENT
Part C Satisfactory Not Yet Satisfactory
Feedback to Student:

Assessor(s)
Date:    /    /     
Signature(s):
Student Signature Date:    /    /     

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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 tourism, hospitality and event offices
o transportation depots

 gardens
 pools
 rides and games
 vehicles
 vessels

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, relevant for an organisation in the Tourism, hospitality or
event industries, which may include any of the following:

 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

- Salamander hang on the wall

- Deep fryer with 2basket
- Fridge under the bench with 3doors

Section A: Skills Activity

1. Provide an overview of the business activities of the organisation relevant to the physical assets selected.
: A Cafe with 40seats, majority of the clients are the local and office worker

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.
Salamander: The salamander we had it’s small size and now our cafe is busier than before.
Deep fryer: The one we have now it’s licking at the bottom so the oil licking all the time and make the floor dirty
and oily.
Under bench fridge: The temperature is higher than 5c the ingredients are off faster than normal and waste a
lot of ingredients

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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.
Salamander: We need a bigger salamander to make a toast or melt a cheese and should be fit on the wall 690 x
455 x 355 [h] or can be a smaller one for a toast and keep the old one for melt cheese.
Deep fryer: We need a new deep fryer because the old one is licking and make the floor oily event we try to fix it
still lick and a new one should be 2baskets with 600W x 765D x 1120H mm and Capacity minimum 24L.
Under bench fridge: The problem is the temperature is keeping up to 29c it’s to hot to store food make the food
goes off. A new one should be 3doors opening, capacity: 392L

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.

Salamander Deep fryer Under bench fridge

https:// Roband Salamander, 15 FryMAX Superfast Lpg Thermaster Fed-X Three

restaurantequipment.com.au Slice Gas Tube Twin Vat Door Salad Prep Fridge With
Product code: SKU: RB- Fryer Marble Top
SA15 Product code: Product code: XGNS1300E
Price: $1,113 RC400TELPG Price: $2,460
Price: $3,927

https:// Roband SA15 Salamander Goldstein VFGTL - Split Inomak UBI6179 Ultra
www.agcequipment.com.au - 15 Slices Pan Gas Deep Fryer Slimline Underbench Fridge
Product code: Roband Product code: Product code: Inomak
SA15 Salamander Goldstein VFGTL UBI6179
Price: $942 Price: 6,184 Price: 3,024

https:// Roband Sa15 Salamander Goldstein Turbo Bromic UBC1795SD Three

www.kitchenequipmentaustrali Stainless Steel Elements Marathon deep fryer Solid Door Under Bench
a.com.au Product code:Roband Product code: Chiller
Sa15 TGF1M/400L Product code: UBC1795SD
Price: $1,008.90 Price:$4775.30 Price: $3612.50

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5. Contact a financial institution and at least 2 different suppliers and obtain information on 3 different
financing options available and costs (attach copies of your correspondence).

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).

7. Based on your calculations in Q.6, 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,
 legal contracts,
 requirements and documentation applicable to different acquisition and financing methods,
 preparation of documentation for disposal of assets that are being replaced including tax
obligations.

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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)

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.

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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.

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.

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.

4) Location of maintenance, e.g. can it be done off-site or away from heavily-trafficked areas?

5) Expected duration of 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.

7) Likely disruption to operations – what are the disruptions and what are the expected impacts?

8) WHS issues

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 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)

10) Summary of cost impacts for human resources (for examples where maintenance would, e.g. require
penalty rates for maintenance staff) or the costs where contractors are engaged for specific
maintenance requirements

11) Costs of scheduled maintenance in terms of parts, required equipment to perform the maintenance and
consumables

12) Provisions for monitoring of financial performance of the assets over the budget period.

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.

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