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Hi Darling~ Please help me for this assessment. Thank You :)
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Hi Darling~ 

Please help me for this assessment.

Thank You :)


BSBFIM502 Manage payroll

 

ASSESSMENT 1

 


 

Student Name:

 


 

Student ID No:

 


 

Group Student Name:

 

(other member of Group)

 

Trainer/Assessor Name:

 


 

Term and Year:

 


 

Course:

 


 

BSB50415 Diploma of Business

 


 

Unit Code and Name:

 


 

BSBFIM502 Manage payroll

 


 

Overview of Assessments

 

Assessmen

 

t Task

 


 

Assess

 

ment

 

number

 


 

Description

 


 

Establish the

 

payroll

 

system

 


 

In response to the scenario provided,

 

candidates will develop a step-by-step plan to

 

establish a payroll system, develop security

 

procedures, establish control measures, and

 

ensure procedures guarantee substantiation

 

of claims for allowances.

 


 

1

 


 

Prepare

 

payroll data

 

and authorise

 

payment

 


 

In response to the scenario provided,

 

candidates will calculate pay within

 

designated timelines, check, reconcile and

 

authorise payroll, and manage enquiries in

 

accordance with organisational policies and

 

procedures.

 


 

2

 


 

In response to the scenario provided,

 

candidates will process a new employee,

 

schedule payments, complete a BAS

 

summary and complete and reconcile PAYG

 

payment summaries.

 


 

3

 


 

Administer

 

salary

 

records

 


 

Assessment

 

method/s

 

Response to

 

scenario

 

Review of

 

documents

 


 

Response to

 

scenario

 

Demonstration

 

of techniques

 

(role-play)

 

Review of

 

documents

 

Response to

 

scenario

 

Review of

 

documents

 


 

In this Unit of Competency, to achieve the overall grade of ?Competent? a candidate must satisfy all assessment items AND must satisfy

 

all Elements and Performance Criteria. Candidate may be reassessed and given feedback within the time period allocated in case of non

 

satisfactory performance in any of the tasks.

 


 

BSBFIM502 Manage payroll: Assessment 1

 

2016

 


 

V 1.1 updated June

 

Page 1 of 9

 


 

Assessment 1: Establish the payroll

 

system

 

Assessment Instructions

 

Prior to assessment:

 

Candidate needs to discuss with assessor for any individual needs.

 


 


 

Candidate must attain permission to use their work place document or any

 

other type of evidence. They also should discuss with trainer and have all work

 

place documents ready prior to assessment.

 


 

Assessment Resource

 

? Access to a computer lab with Microsoft Office.

 


 

Instructions for Candidate

 

The candidate will demonstrate the skills and knowledge required to establish

 

procedures for the management of payroll.

 

Using the scenario information supplied and in accordance with legislative and

 

organisational requirements, the candidate will develop a step-by-step plan to

 

establish a payroll system, develop security procedures, establish control measures,

 

and ensure procedures guarantee substantiation of claims for allowances.

 

Planning the assessment:

 

? Recommended date for assessment: Week 3.

 

? The candidate must submit: (Please see Specification in the end of assessment

 


 

document for further clarification)

 

? a planning document with steps to establish payroll system

 

? three policy and procedures documents referred to in planning document

 

? A one-page reflection.

 


 

BSBFIM502 Manage payroll: Assessment 1

 

2016

 


 

V 1.1 updated June

 

Page 2 of 9

 


 

Performance objective

 

In this task, you will demonstrate the ability to establish procedures for the

 

management of payroll.

 


 

BSBFIM502 Manage payroll: Assessment 1

 

2016

 


 

V 1.1 updated June

 

Page 3 of 9

 


 

Assessment description

 

In response to the scenario provided, you will develop a step-by-step plan to establish

 

a payroll system, develop security procedures, establish control measures and ensure

 

procedures guarantee substantiation of claims for allowances.

 

Please follow step by stem Assessment Task, to complete assessment.

 


 

BSBFIM502 Manage payroll: Assessment 1

 

2016

 


 

V 1.1 updated June

 

Page 4 of 9

 


 

Assessment Task

 

1. Consider the scenario and task provided.

 

2. Consider the design of a payroll system to cover organisational and legislative

 

requirements.

 

3. Prepare a planning document in which you outline steps you would take to

 

establish the payroll system. Your plan must include a step-by-step description of

 

review, design, development and implementation. Include:

 

a) a survey of legal environment

 

b) The development of policies and procedures

 

c) Communication /consultation.

 

4. Write policy and procedures document

 

a) To ensure security of employee payroll information. Include reference to

 

relevant legislation.

 

b) To ensure substantiation of claims for allowances. Include reference to

 

relevant legislation.

 

c) To safeguard organisational resources. Include reference to relevant

 

legislation or standards.

 

5. Write a one-page reflection on the process of designing the payroll system.

 

Describe how both organisational and legislative requirements are met by each

 

step of your proposed plan. Describe how policy and procedures documents are

 

designed to ensure all legislative and organisational requirements.

 

6. Submit all documents required in the specifications below to your assessor.

 

Ensure you keep a copy of all work submitted for your records.

 


 

BSBFIM502 Manage payroll: Assessment 1

 

2016

 


 

V 1.1 updated June

 

Page 5 of 9

 


 

Specifications

 

You must submit:

 

1. Planning document with steps to establish payroll system

 

2. Three policy and procedures documents referred to in plan

 

3. A one-page reflection.

 


 

Your assessor will be looking for:

 

? literacy skills to write detailed instructions

 

? knowledge of key provisions of relevant legislation from all forms of government,

 


 

standards, regulations and codes that may affect aspects of business operations,

 

such as:

 

? Australian Taxation Office regulations

 

? anti-discrimination legislation

 

? ethical principles

 

? codes of practice

 

? financial legislation

 

? privacy laws

 

? relevant industrial awards

 

? other relevant government and statutory bodies in relation to payroll

 

? superannuation guarantee

 

? knowledge of organisational policies and procedures across the full range of tasks

 

required by payroll processes.

 


 

BSBFIM502 Manage payroll: Assessment 1

 

2016

 


 

V 1.1 updated June

 

Page 6 of 9

 


 

Scenario: Pitstop Pty Ltd

 

Pitstop is a privately owned retail and fuel service company that until recently

 

operated four independent service stations/stores in Melbourne?s north. The company

 

has recently expanded to 13 service stations across Victoria.

 

The owner, chairman and CEO, Jim Murphy, has run the company for the past five

 

years. He has operated service stations for most of the last 25 years and relies on his

 

hands-on approach to operations.

 

Pitstop stores trade 6 am?11 pm daily. They typically include a vehicle access

 

forecourt with at least six pump stations, a retail shop, a food bar, store manager?s

 

office and stockroom. They sell fuel, oil, gas, supermarket goods, hot pies (heated

 

from frozen on the premises) and cold drinks.

 

For the financial year 2015?2016, Pitstop is projected to have an annual turnover of

 

$9,000,000 and generate a profit of $3,000,000. Payroll expense is projected to be

 

$3,000,000. The organisation uses a computerised accounting system: MYOB

 

AccountRight.

 


 

Pitstop organisational structure

 

The flagship Pitstop store in Brunswick, Victoria has an attached office space that

 

accommodates head office (the directors, senior management staff and clerical

 

employees).

 


 

Board of

 

Directors and

 

CEO

 

Executive

 

Assistant

 


 

Finance and

 

Operations

 

Manager

 

Senior

 

Accountant

 


 

General

 

Manager Stores

 

Store

 

Managers

 


 

Records Clerk

 


 

BSBFIM502 Manage payroll: Assessment 1

 

2016

 


 

V 1.1 updated June

 

Page 7 of 9

 


 

Task

 

In the past eight months, Pitstop has raised sufficient finance to buy out the

 

Independent Service Station (ISS) chain of nine stores and rebrand them all as Pitstop

 

service stations. Jim Murphy plans to continue the expansion until the optimum target

 

of 30 services stations is secured for the Victorian market.

 

Including the retained staff from the buyout stores, Pitstop now has a workforce of

 

approximately 70 employees. The employees come from a wide range of cultural and

 

linguistic backgrounds. A significant proportion has poor English literacy, including

 

poor reading comprehension. Most employees, but not all, have a high-school level of

 

education.

 

Previously, with less than 20 employees to pay, Jim and his Finance and Operations

 

Manager, Jack Tan, ran a cash-based payroll system for the four stores. Because of

 

expansion plans across Victoria, the payroll system is inadequate and will need to be

 

completely redesigned. Jim has employed you, as an independent contractor, to

 

design a new payroll system for the organisation. He has the following key

 

requirements:

 

? pay, which was weekly, will now be fortnightly

 

? a separate payroll register should be prepared for each of the stores

 

? pay will be checked and reconciled by each store and then rechecked, reconciled,

 


 

authorised and disbursed by head office

 

? the payroll system in all stores will be identical

 

? the payroll system should be scalable: as new stores are added the payroll

 


 

system will simply be duplicated

 

? records will be kept at stores and duplicates will stored at head office

 

? all legislative requirements must be met by the new system.

 


 

You will need to plan a payroll system to meet Jim?s requirements. Prepare a

 

planning document in which you outline steps you would take to establish the

 

payroll system at Pitstop.

 

To support your plan, Jim has also asked you to provide samples of three

 

policies and procedures documents:

 

? security of employee payroll information

 

? substantiation of claims for allowances

 

? one other policy and procedures document to support financial control or

 

the safeguarding of resources.

 

Finally, Jim has asked you to prepare a written document describing how both

 

organisational and all legislative requirements are met by each step of your

 

BSBFIM502 Manage payroll: Assessment 1

 

2016

 


 

V 1.1 updated June

 

Page 8 of 9

 


 

proposed plan. Describe how policy and procedures documents are designed to

 

ensure legislative and organisational requirements.

 


 

BSBFIM502 Manage payroll: Assessment 1

 

2016

 


 

V 1.1 updated June

 

Page 9 of 9

 


 

 







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