FNSINC401 Apply Principles Of Professional Practice To Work - ASSESSMENT ACTIVITY 3

Task 2: Project

Scenario
You are working for a financial planning company. Your client Simon Cook is considering setting up a bookkeeping business to provide bookkeeping services to various retail outlets in Australia. Simon has determined that he will need at least two staff. While Simon is a very qualified bookkeeper, he has limited knowledge and experience for the financial planning process. He wants to set up a compliant business and is obliged to maintain adequate records as per financial service industry requirements. Simon is asking you to guide him to manage the finance wisely to build up on his business.

You are required to advise Simon by answering the following questions.

1. Explain to Simon that what documents could affect the effectiveness and compliance of his business in order to meet legal and organisational requirements.
2. Time management is an essential element for utilising funds, explain how Simon could analyse the effectiveness of the task management to manage the time effectively.
3. What steps should Simon undertake when presenting information to different client/audiences to avoid the over expenses?
4. Explain the steps needed to set up and maintain an effective work environment to encourage Simon’s staff to participate in and take responsibility for team activities and communication processes.
5. Outline the behaviours Simon could display to his team to enhance the organisation's image to staff and clients.

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