Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
CSCORG508A Mapping and Delivery Guide
Determine the effective use of financial resources
Version 1.0
Issue Date: April 2024
Qualification | - |
Unit of Competency | CSCORG508A - Determine the effective use of financial resources |
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Description | This unit of competency describes the outcomes required to manage resources across substantial programs and activities of work. It covers making proposals for expenditure, agreeing budgets and controlling activities so that they operate within budget.This is a generic management unit that has been designed to be contextualised for the requirements of different organisations and work roles.This unit replaces and is equivalent to CSCORG020A Determine the effective use of financial resources. | ||
Employability Skills | The required outcomes described in this unit of competency contain applicable facets of employability skills. The Employability Skills Summary of the qualification in which this unit of competency is packaged, will assist in identifying employability skills requirements. | ||
Learning Outcomes and Application | This unit applies to candidates with both general and specialist competencies from a range of occupational areas.Application of this unit will vary depending on legal and accountability structures of the organisation and will be influenced by whether performance is applied in a public sector organisation or a corporate sector organisation and the nature of service contracts and reporting.In practice, determining the effective use of financial resources will overlap with other generalist or specialist work activities such as managing a work team, managing activities to meet client requirements, contributing to the goals of the organisation, gathering and reporting complex information, etc. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
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Prerequisites/co-requisites | Not applicable Not applicable | ||
Competency Field | Not applicable |
Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Identify financial resource requirements. |
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Element: Establish budgets for activities. |
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Element: Control expenditure and activities against budget. |
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