SISXFIN001 - Develop and review budgets for activities or projects
Nominal hours
Location
Prerequisites
Co-requisites
(Corequisite units must be studied concurrently with this unit)
Overview
This unit describes the performance outcomes, skills and knowledge required to collect and prepare data to develop budgets for activities, events and programs.This unit applies to those with responsibility for activity budget development. Work is performed according to relevant legislation and organisational policies and procedures.
Assessment
For Melbourne campuses
Assessment tasks will be designed to reinforce & extend knowledge and skill competence within set & controlled parameters in accordance with each unit’s learning outcomes & 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:
- prepare, document and review budgets for at least two different activities or projects.
Students will also be expected to demonstrate the following knowledge:
- organisational policies and procedures that enable development of sound financial budgets:
- budget preparation techniques:
- principles of budgetary control
- principles of statistical analysis and measures of variance to enable accurate analysis of data.
Required reading
The qualified trainer and assessor will provide teaching and learning materials as required in the form of workbooks produced by the 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):