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Elements and Performance Criteria

1. Elements define the essential outcomes.
2. Prepare budget
   • Identify and document workplace resource needs in accordance with workplace action plans
   • Cost and record funding needs
   • Prepare budget document and present to supervisor (or other relevant authority) for endorsement
3. Monitor budget expenditure
   • Maintain systems for monitoring finances
   • Ensure money is expended according to the endorsed budget document
   • Identify changing priorities and discuss with supervisor (or other relevant authority)
   • Amend budget document in response to changing priorities
   • Satisfy accountability requirements

Performance Evidence

The candidate must show evidence of the ability to complete tasks outlined in elements and performance criteria of this unit, manage tasks and manage contingencies in the context of the job role.

There must be evidence that the candidate has:

prepared, documented and presented budget information in line with organisation requirements on at least one occasion, including:

monitoring expenditure and reviewing budgetary provisions in line with identified priorities and accountability requirements

costing and recording funding needs

identifying changing priorities and discussing issues with supervisor

managing financial aspects in line with requirements of own role

amending budget document to reflect changes in priorities.

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Knowledge Evidence

The candidate must be able to demonstrate essential knowledge required to effectively do the task outlined in elements and performance criteria of this unit, manage the task and manage contingencies in the context of the identified work role.

This includes knowledge of:

organisation guidelines relating to funding applications, budget compilation and expenditure

organisation procedures for cost-centre management

accounting procedures as required by level of responsibility and workplace

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