FNSACC412 - Prepare operational budgets

Unit code: FNSACC412 | Study level: TAFE
40
City Campus
Footscray Nicholson
Footscray Park
N/A
Overview
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Overview

This unit describes the skills and knowledge required to prepare and document operational budgets for a variety of organisations. It applies to individuals who use specialised knowledge and systematic approaches to undertake strategic financial activity for an organisation.

Assessment

For Melbourne campuses

Assessment tasks will be designed to reinforce and extend knowledge and skill competence within set and controlled parameters in accordance with each unit’s learning outcomes and performance criteria requirements, including the setting of work based practical application tasks designed to provide evidence of competence outcomes, within periodic and scheduled timelines.

Students will be expected to demonstrate the following required skills:

  • establish and confirm budgetary milestones and performance indicators;
  • collect financial data and prepare operational budgets for a range of organisations;
  • identify budget variances and report variances to designated stakeholders, and;
  • record and document budget reports.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

Required reading

The qualified trainer and assessor will provide teaching and learning materials as required in the form of workbooks produced by Victoria University and/or via the Victoria University e-learning system.

As part of a course

This unit is studied as part of the following course(s):

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