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BMT620S - BUDGET AND ASSET MANAGEMENT - 2ND OPP - JAN 2025 |
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n Am I BI A u n IVER s I TY
OF SCIEn CE Ano TECHn OLOGY
FACULTYOF COMMERCE,HUMANSCIENCEAND EDUCATION
DEPARTMENT OF TECHNICAL AND VOCATIONAL EDUCATION AND TRAINING (DTVET)
QUALIFICATION: DIPLOMA IN TECHNICAL AND VOCATIONAL EDUCATION AND TRAINING:
MANAGEMENT
QUALIFICATION CODE: 0GDTVM
LEVEL: 6
COURSE CODE: BMT620S
COURSE NAME: BUDGET AND ASSET
MANAGEMENT
SESSION: JANUARY 2025
PAPER: PAPER 2
DURATION: 3 HOURS
MARKS: 100
SECOND OPPORTUNITY EXAMINATION QUESTION PAPER
EXAMINER(S) MR DAVID MATEU
MODERATOR: MR BENHARDT U KAUTEZA
INSTRUCTIONS
1. Answer ALL the questions.
2. Read all the questions carefully before answering.
3. Number the answers clearly
THIS QUESTION PAPER CONSISTS OF 3 PAGE EXCLUDING THIS COVER PAGE
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QUESTION 1
A. Define the following concepts.
i. A budget
ii. Master budget
iii. Surplus budget
iv. Budget deficit
V. Balanced budget
B. Illustrate and explain five steps of budget discipline.
[TOT AL MARKS: 20]
(2 X 5= 10 Marks)
(2X5=1OMarks)
QUESTION 2
[TOTAL MARKS: 30]
Look at the following example of a budget and answer the questions that follow.
Revenue
General donations
Appeals
Monthly giving
Fall gala
Program fees
In-kind donations
Amount
$2,500
$1,500
$1,200
$4,500
$15,000
$5,000
Total revenue
$29,700
Expenses
Salaries
Payroll taxes
Insurance
Marketing & PR
Office supplies
Postage & Printing
Professional services
Program supplies
Technology & Phone
Travel & Mileage
Source: Google images
Amount
$17000
$5,000
$500
$500
$350
$400
$1,500
$2 050
$1,500
$900
Total expenses
Net gain/loss
$29,700
$0
A. What classification of a budget is this? Motivate your answer.
B. Explain the difference between revenue and expenses.
C. Discuss four phases of how you will implement this budget.
D. List one example of an asset on this budget.
E. Discuss two procedures of how you will control this budget.
F. Explain any 6 tips of how you will manage this budget.
(2 Marks)
(2 Marks)
(2 X4= 8 Marks)
(2 Marks)
(2X2=4 Marks)
(2X6=12 Marks)
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QUESTION3
[TOTAL MARKS: 10]
A. By use of a pencil, draw a fictious a master budget of your VTC as a member of the
management. Pay attention to all elements that you were taught.
QUESTION4
[TOTAL MARKS: 20]
A. Discuss any ten asset management strategies in a context of a TVETorganisation.
(2X10=20 Marks)
QUESTION 5
[TOTAL MARKS: 20]
A. List any five examples of physical assets in a context of a VET organisation.
(2X5=10 Marks)
B. Discuss any five procedures of procurement of physical assets in context of a VET
organisation.
(2X5= 10 Marks)
[End of Paper]
TOTAL MARKS:100
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