VU22234 - Oversee the management of financial resources in an organisation

    Unit code: VU22234 | Study level: TAFE


    This unit describes the skills and knowledge required to review the financial performance of an organisation and to oversee the relationship between financial and budgetary decision making and the current and future achievement of overall organisational strategic goals and objectives.


    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:

    • interpersonal and communication skills to work and consult with clients, colleagues and management;
    • develop and promulgate budgets;
    • record, gather and classify financial information;
    • interpret financial reports for current and future financial and strategic planning;
    • forecast expenditure requirements;
    • develop and promulgate budgets;
    • analyse and use budget systems and reporting processes;
    • strategic management and critical analysis to research, select and apply financial analysis methods, budgetary controls and financial management implementation strategies;
    • oversee the determination, implementation and monitoring of financial resource management and decision making to ensure alignment with strategic business plan/s and overall organisational goals, objectives and strategic planning;
    • monitor reporting requirements;
    • solve financial resourcing related problems;
    • assess financial resource management methods and use results to inform future practice, and;
    • assess and address existing and potential risk, non-compliance and unethical activity.

    Required reading

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

    As part of a course

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

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