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

UEGNSG123 Mapping and Delivery Guide
Manage financial resources in a gas industry facility

Version 1.0
Issue Date: May 2024


Qualification -
Unit of Competency UEGNSG123 - Manage financial resources in a gas industry facility
Description
Employability Skills
Learning Outcomes and Application This unit involves the skills and knowledge required to manage financial resources to achieve organisational and operational objectives in a gas facility. This unit refers to budget formats, operating budget, policy, financial reports and management information systems.It includes developing a gas facility budget by allocating, authorising and monitoring expenditure; and utilising relevant financial management information systems and reviewing budget management constraints.This unit applies to any safe work site where gas industry operations occur. It could also apply, where applicable, to other workplaces in the electricity supply industry (transmission and distribution and generation), the electrotechnology industry and the water industry, subject to work health and safety (WHS)/occupational health and safety (OHS) and duty of care requirements being met for the workplace.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 Cross Discipline Units
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 a gas facilitybudget
       
Element: Sub-budgets prepared by staff are coordinated in order that desired objectives are achieved
       
Element: Organisational workplace procedures on policies and specifications are obtained or determined with the appropriate persons
       
Element: Budget review parameters are determined from organisational workplace procedures on policies and specifications
       
Element: Budget review workplace procedures are discussed with appropriate persons in order to ascertain the project budget brief
       
Element: Cost-benefit analysis are prepared for major cost items in accordance with the organisation's policy and procedures
       
Element: Work roles and tasks are allocated in accordance with budget requirements and person/s competency
       
Element: Work is prioritised and sequenced for effective outcome, completed within an acceptable timeframe to industry quality standard and in accordance with workplace procedures
       
Element: Liaison and communication with authorised persons, authorities are undertaken to resolve budget issues and coordinated work activities
       
Element: Financial risk control measures are identified, prioritised and evaluated in accordance with the budget work schedule
       
Element: Allocate, authorise and monitor expenditure
  • Financial resources are allocated as budgeted in the operational plan and is monitored to ensure that expenditure management meets the financial accountability requirements of the organisation
       
Element: Supply budget allocation and expenditure processes are performed in accordance with corporate governance and organisational protocols and workplace procedures
       
Element: Mathematical modelling is used to analyse the financial reports in accordance with workplace requirements and procedures
       
Element: Sub-budgets and financial allocation is continually monitored against organisational objectives and budgeted priorities to ensure optimum service delivery
       
Element: Specific expenditure data is analysed and compared with budget compliance specifications to ensure completion of the project within an agreed timeframe in accordance with requirements
       
Element: Re-allocation of financial resources is undertaken in accordance with workplace needs and priorities
       
Element: Work teams are arranged to ensure planned budget goals are met in accordance with workplace procedures
       
Element: Solutions to unplanned events are responded to in accordance with workplace procedures in a manner that minimises financial risk
       
Element: Quality of work is monitored against financial performance agreement and workplace, organisational and industry standards
       
Element: Financial resource strategic plans are developed incorporating organisation initiatives in accordance with workplace procedures
       
Element: Utilise relevant financial management information systems and review budget management
  • Financial management information systems are used for planning, implementing and monitoring the use of financial resources in accordance with workplace policies and procedures
       
Element: Management information system reports are produced, verified and interpreted
       
Element: Management of budget is reviewed in accordance with workplace policies and procedures
       
Element: Management of budget is reported in accordance with workplace policies and procedures
       
Element: Appropriate persons are notified of financial review completion and reports and completion documents are finalised
       
Element: Budget management reports and completion documents are submitted to relevant persons for approval and as required, statutory or regulatory approval
       
Element: Approved copies of financial documents are issued and records are updated in accordance with workplace 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 UEG Gas Industry Training Package Companion Volume Implementation Guide.

constants and variables must include the following:

budget formats

operating budget

policy documents

financial reports

management information systems

budget format must include at least one (1) of the following:

zero based budgeting

program budgeting

line item budgeting

operating budget format must include the following:

staffing costs

capital expenditure/income

recurrent expenditure/income

forward estimates

cash flow

relevant policy documents must include the following:

supply policy

procurement policy

expenditure policy

audit policy

reporting and recording policies

financial reports must include at least one (1) of the following:

annual reports

program financial statements

accrual reports

monthly/quarterly financial reports

management information systems must include at least six (6) of the following:

computers

communication channels

records management data

procedures

protocols

legislation

guidelines and awards

organisation, legal and policy materials

client information

market trends

registry and file records

financial records

basic statistical information

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
 
 
 
 
 
 
 
 
 
 
Financial resources are allocated as budgeted in the operational plan and is monitored to ensure that expenditure management meets the financial accountability requirements of the organisation 
 
 
 
 
 
 
 
 
 
Financial management information systems are used for planning, implementing and monitoring the use of financial resources in accordance with workplace policies and procedures 
 
 
 
 
 
 

Forms

Assessment Cover Sheet

UEGNSG123 - Manage financial resources in a gas industry facility
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

UEGNSG123 - Manage financial resources in a gas industry facility

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: