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Barrier Assessment Learner Assessment Pack Task 3: Coordinate Acquisition of Physical Assets ancial ASSESSMENT INSTRUCTIONS This task will require you to coordinate financing and purchase of physical assets. STEPS TO TAKE 1. Access and review the following: Physical assets register developed in Workplace Assessment Task 1. Physical assets performance report developed in Workplace Assessment Task 2. Documents and/or information on the following: o List of suppliers for each physical asset o Current financial reports of the organisation o Projected financial reports of the organisation o Organisational data on asset: Estimates and quotation from suppliers Previous costs Published and advertised prices 2. Identify the following based on Asset Performance Report from Workplace Assessment Task 2: Two assets that need to be replaced One asset that needs to be acquired 3. Identify ALL specifications for each asset to be acquired. 4. Evaluate the following: i. Organisation's current financial ability to acquire physical asset. ii. Organisation's potential financial ability to acquire physical asset. 5. Estimate the acquisition cost for each physical asset based on the evaluation of organisational data. 6. Identify at least one financial specialist for consultation. Financial specialists refer to individuals who specialise in determining the optimal financing methods for acquiring a physical asset. They may be internal or external to the organisation