- AHCBUS404A - Operate within a budget framework
Assessor Resource
AHCBUS404A
Operate within a budget framework
Assessment tool
Version 1.0
Issue Date: April 2024
This unit applies to supervisors and managers in agriculture, horticulture and land management enterprises who have responsibility to participate in formulation of a budget, and supervise and monitor financial transactions.
This unit covers operating within a budget framework and defines the standard required to: obtain and confirm the operational budget has been allocated; review projected income and expenditure and compare to budget; record transactions and allocate to cost and income categories; identify and report budget variations; review production and expenditure plans to meet financial targets.
You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)
Employability Skills
This unit contains employability skills.
Evidence Required
List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.
The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package. | |
Overview of assessment | |
Critical aspects for assessment and evidence required to demonstrate competency in this unit | The evidence required to demonstrate competency in this unit must be relevant to workplace operations and satisfy holistically all of the requirements of the performance criteria and required skills and knowledge and include achievement of the following: obtain and confirm the operational budget has been allocated review projected income and expenditure and compare to budget record transactions and allocate to cost and income categories identify and report budget variations review production and expenditure plans to meet financial targets. |
Context of and specific resources for assessment | Competency requires the application of work practices under work conditions. Selection and use of resources for some worksites may differ due to the regional or enterprise circumstances. |
Submission Requirements
List each assessment task's title, type (eg project, observation/demonstration, essay, assingnment, checklist) and due date here
Assessment task 1: [title] Due date:
(add new lines for each of the assessment tasks)
Assessment Tasks
Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.
Required skills |
arrange income and expenditure record transactions monitor income and expenditure compare budgeted figures to actuals participate in formulation of a budget use literacy skills to read, interpret and follow organisational policies and procedures, develop sequenced written instructions, record accurately and legibly information collected and select and apply procedures to a range of tasks use oral communication skills/language competence to fulfil the job role as specified by the organisation including questioning, active listening, asking for clarification, negotiating solutions and responding to a range of views use numeracy skills to estimate, calculate and record routine and more complex workplace measures and data use interpersonal skills to work with others and relate to people from a range of cultural, social and religious backgrounds and with a range of physical and mental abilities. |
Required knowledge |
income and expenditure categories budgeting procedures and templates taxation and accounting requirements for recording financial transactions costing mechanisms forecasting mechanisms banking routines cash flow analyses and records recording systems records of receipts and expenditure work reports factors that impact upon the timing of sales and purchases (taxation, GST, market conditions). |
The range statement relates to the unit of competency as a whole. | |
Budget documentation may include: | projected expenditure by item projected income by source cash flow budgets budget delegations variation and review procedures credit and credit limits security measures reporting mechanisms additional funds for particular projects self-generated funds fundraising requirements project grants funds received for winning tenders enterprise procedures and policies. |
Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.
Observation Checklist
| Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice | Yes | No | Comments/feedback |
|---|---|---|---|
| Budget consultation is followed in line with enterprise policy. | |||
| Budget variations are requested to suit enterprise needs. | |||
| Expenditure is arranged within budget delegations. | |||
| Transactions are recorded to meet taxation and accounting requirements according to enterprise practices. | |||
| Actual sales and expenditure are compared to the enterprise budget. | |||
| Financial reports are checked to ensure operations are within forecast limits. | |||
| Expenditure is adjusted to meet financial targets as required. | |||
| Actual and potential variations in budgeted income are reported to the manager according to enterprise requirements. | |||
| Recommendations to address budget variations are developed. |
Forms
Assessment Cover Sheet
AHCBUS404A - Operate within a budget framework
Assessment task 1: [title]
Student name:
Student ID:
I declare that the assessment tasks submitted for this unit are my own work.
Student signature:
Result: Competent Not yet competent
Feedback to student
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Assessment Record Sheet
AHCBUS404A - Operate within a budget framework
Student name:
Student ID:
Assessment task 1: [title] Result: Competent Not yet competent
(add lines for each task)
Feedback to student:
Overall assessment result: Competent Not yet competent
Assessor name:
Signature:
Date:
Student signature:
Date: