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.
Unit details
Study level:
Vocational and further education (TAFE)
Unit code:
FNSACC402
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Assessment
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;
- prepare budgets for a variety of purposes and organisations, and;
- accurately record and document budget reports.
Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.
Students will also be expected to demonstrate the following knowledge:
- identify and explain the key principles of budgetary control;
- describe a variety of forecasting techniques;
- explain the principles of double-entry bookkeeping;
- outline the key principles of statistical analysis and measures of variance, and;
- describe the key features of organisational procedures and policy for financial administration.
Where to next?
As part of a course
This unit is studied as part of the following courses. Refer to the course page for information on how to apply for the course.
VU takes care to ensure the accuracy of this unit information, but reserves the right to change or withdraw courses offered at any time. Please check that unit information is current with the Student Contact Centre.
