Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
SISXFIN001 Mapping and Delivery Guide
Develop and review budgets for activities or projects
Version 1.0
Issue Date: April 2024
Qualification | - |
Unit of Competency | SISXFIN001 - Develop and review budgets for activities or projects |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the performance outcomes, skills and knowledge required to collect and prepare data to develop budgets for activities, events and programs.This unit applies to those with responsibility for activity budget development. Work is performed according to relevant legislation and organisational policies and procedures.No occupational licensing, certification or specific legislative 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. Skills must be demonstrated in: a workplace or simulated industry environment. Assessment must ensure use of: data required to develop budgets such as sources of income, costing information computers and technology required for the preparation of budget documents relevant legislation and organisational policies and procedures such as communication protocols, privacy and confidentiality, approval processes individuals with whom the candidate interacts on budget allocation and approvals, these can be: participants in a workplace, or individuals who participate in project activities, role plays or simulated activities, set up for the purpose of assessment, within a training organisation. Assessment activities that allow the individual to: prepare budgets within industry realistic timeframes. Assessors must satisfy the Standards for Registered Training Organisations’ requirements for assessors. |
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Prerequisites/co-requisites | |||
Competency Field | Finance |
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: Source data for budget preparation. |
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Element: Prepare budget calculations. |
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Element: Prepare budget documentation. |
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Element: Review budget against actual results. |
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Element: Source data for budget preparation. |
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Element: Prepare budget calculations. |
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Element: Prepare budget documentation. |
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Element: Review budget against actual results. |
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