Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
SITXFIN501 Mapping and Delivery Guide
Prepare and monitor budgets
Version 1.0
Issue Date: April 2024
Qualification | - |
Unit of Competency | SITXFIN501 - Prepare and monitor budgets |
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Description | This unit describes the performance outcomes, skills and knowledge required to analyse financial and other business information to prepare and monitor budgets. It requires the ability to draft and negotiate budgets, identify deviations and manage the delivery of successful budgetary performance. | ||
Employability Skills | This unit contains employability skills. | ||
Learning Outcomes and Application | This unit applies to all tourism, hospitality and event sectors and the budget may be for an entire organisation, for a department or for a particular project or activity.It applies to senior personnel who operate independently or with limited guidance from others and who are responsible for making a range of financial management decisions. | ||
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. | ||
Competency Field |
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: Prepare budget information. |
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Element: Prepare budget. |
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Element: Finalise budget. |
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Element: Monitor and review budget. |
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