BSBFIN601 Self Study Guide

Self-Study Log Activity Task Expect ed time Complet ed Watch & research Watch some videos from the TED talks video series on:  Resource Management Conduct your own research to answer the following questions:  Why is resource management important?  What makes a good resource manager?  How can effective resource management improve financial organisation within a business? 4 hours ☐ Practical activity Thinking of your personal life, establish a budget for the next 6 months. Consider your revenue and expenses. Use the following to prompt:  What information do you need to assess in order to create a budget? (Bank statements, paycheque etc.)  How much do you spend on fixed expenses?  How much is spent on other (outside of fixed) expenses?  What are your financial goals? And how are they considered in the budget? How can gaining budgeting skills for general life assist in budgeting for a business? 6 hours ☐ Researc h Research a large corporation’s financial reports (Such as McDonalds). Takes notes on your findings and show 5 things you found interesting within the financial reports. 6 hours ☐ Review Review your assessment requirements for this unit and read through your Project Portfolio so you know what you will be required to do. Make sure you review your Student Guide if you need to revisit some areas of your training. Ask your trainer any questions before you begin your assessment to ensure you understand all of the learning and are ready to be assessed. 4 hours ☐ Reflectio n Reflect on the following:  Information learned during your training  Your main key “takeaways” from this unit  What did you learn that you didn’t know already? How can you apply this in your study/work/life?  What did you find challenging or confronting? How did you overcome these challenges or barriers? 5 hours ☐ BSBFIN601 Self Study Guide v1.2 April 2023 Page 3 of 4