Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners

PUAMAN007 Mapping and Delivery Guide
Manage financial resources

Version 1.0
Issue Date: May 2024


Qualification -
Unit of Competency PUAMAN007 - Manage financial resources
Description
Employability Skills
Learning Outcomes and Application This unit of competency involves the skills and knowledge required to manage financial resources to achieve organisation and operational objectives.The unit applies to any personnel with authority for the management of financial resources, including budgets, within a public safety organisation.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Duration and Setting X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting.
Prerequisites/co-requisites
Competency Field Management
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
Elements of Competency Performance Criteria              
Element: Develop budget
  • Budgets are developed in required format, in accordance with organisational procedures
  • Costs and income streams are identified and quantified, in accordance with organisational procedures
  • Comparative analysis is prepared for major items, in accordance with organisational policies and procedures
  • Subordinate budgets are integrated into the prime budget
  • Implications of major shifts in proposed or actual budget allocations, income and/or expenditure are identified and analysed when preparing the budget
  • Performance indicators are developed and implemented, in accordance with organisational procedures
  • Financial resources are allocated to support achievement of operational
       
Element: Costs and income streams are identified and quantified, in accordance with organisational procedures
       
Element: Comparative analysis is prepared for major items, in accordance with organisational policies and procedures
       
Element: Subordinate budgets are integrated into the prime budget
       
Element: Implications of major shifts in proposed or actual budget allocations, income and/or expenditure are identified and analysed when preparing the budget
       
Element: Performance indicators are developed and implemented, in accordance with organisational procedures
       
Element: Financial resources are allocated to support achievement of operational
       
Element: Allocate, authorise and monitor expenditure
  • Expenditure management is implemented to ensure it meets organisational financial accountability requirements
       
Element: Significant potential and actual variations from the budget are renegotiated, in accordance with organisational procedures
       
Element: Expenditure is authorised within financial authority limits, in accordance with organisational procedures and guidelines
       
Element: Supply and expenditure processes are in accordance with corporate governance and organisational protocols
       
Element: Financial reports are produced, as required, in a format nominated by the organisation
       
Element: Primary and subordinate budgets are monitored alongside achievement of financial and operational objectives
       
Element: Financial allocations are monitored, in accordance with organisational procedures, to ensure objectives and priorities relating to service delivery are met
       
Element: Re-allocation of financial resources is undertaken, in accordance with organisational policy and procedures
       
Element: Utilise financial management information systems
  • Management information systems are used for planning, implementing and monitoring financial resource usage
       
Element: Management information system reports are produced, verified and interpreted, in accordance with organisational policy and procedures
       

Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assignment, 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.

Range is restricted to essential operating conditions and any other variables essential to the work environment.

Non-essential conditions may be found in the Companion Volume Implementation Guide.

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
Budgets are developed in required format, in accordance with organisational procedures 
Costs and income streams are identified and quantified, in accordance with organisational procedures 
Comparative analysis is prepared for major items, in accordance with organisational policies and procedures 
Subordinate budgets are integrated into the prime budget 
Implications of major shifts in proposed or actual budget allocations, income and/or expenditure are identified and analysed when preparing the budget 
Performance indicators are developed and implemented, in accordance with organisational procedures 
Financial resources are allocated to support achievement of operational 
 
 
 
 
 
 
Expenditure management is implemented to ensure it meets organisational financial accountability requirements 
 
 
 
 
 
 
 
Management information systems are used for planning, implementing and monitoring financial resource usage 
 

Forms

Assessment Cover Sheet

PUAMAN007 - Manage financial resources
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

 

 

 

 

 

 

 

 

Assessor name:

Signature:

Date:

Assessment Record Sheet

PUAMAN007 - Manage financial resources

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: