REQUIRED KNOWLEDGE AND SKILLS

This describes the essential knowledge and skills and their level required for this unit

Required knowledge

Budgetary procedures and policies

Workplace processes for setting and achieving budgets

Accountancy practices relevant to budgetary control

Problems that may occur when setting and achieving budgets and action that can be taken to report or resolve the problems

Risks that may exist when setting and achieving budgets and ways of controlling the risks involved

Focus of operation of budgetary systems resources management and workplace operating systems

Limits of authorised expenditure and who has budget authorities

Quality and customer service standards policies and procedures

Required skills

Communicate effectively with others when completing work activities

Work collaboratively with others

Access read and interpret budgetary documents financial statements and reports and workplace policies and procedures

Apply basic accounting principles to budgetary processes

Apply calculation skills sufficient for setting and achieving budgets

Prioritise work and coordinate self and others in relation to workplace activities

Identify and solve problems that may arise when setting and achieving budgets

Select and apply appropriate technology information systems and procedures

Modify budgets and plans as required to cater for changes

Adapt appropriately to cultural differences in the workplace including modes of behaviour and interactions with others

Monitor work activities in terms of planned schedule

The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria required knowledge and skills the range statement and the assessment guidelines for this Training Package

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 and satisfy all of the requirements of the elements and performance criteria of this unit and include demonstration of applying

the underpinning knowledge and skills

relevant legislation and workplace procedures

other relevant aspects of the range statement

Context of and specific resources for assessment

Performance is demonstrated consistently over a period of time and in a suitable range of contexts

Resources for assessment include

a range of relevant exercises case studies andor other simulated practical and knowledge assessment andor

access to an appropriate range of relevant operational situations in the workplace

In both real and simulated environments access is required to

relevant and appropriate materials and equipment and

applicable documentation including workplace procedures regulations codes of practice and operation manuals

Method of assessment

Assessment of this unit must be undertaken by a registered training organisation

As a minimum assessment of knowledge must be conducted through appropriate writtenoral tests

Practical assessment must occur

through activities in an appropriately simulated environment at the registered training organisation andor

in an appropriate range of situations in the workplace

Delegations and budget accountabilities may include:

Depending on the organisation concerned, workplace procedures may be called:

Documentation and records may include:

Applicable legislation and regulations may include: