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Evidence Guide: BSBATSIM414 - Oversee the organisation's annual budget

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

BSBATSIM414 - Oversee the organisation's annual budget

What evidence can you provide to prove your understanding of each of the following citeria?

Gather and analyse relevant budget information

  1. Establish a budget working-group
  2. Review and analyse previous year’s budget performance
  3. Gather budget planning information from relevant sources
  4. 1.4 Identify priorities in relation to organisation's vision and plans
Establish a budget working-group

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review and analyse previous year’s budget performance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Gather budget planning information from relevant sources

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

1.4 Identify priorities in relation to organisation's vision and plans

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and document income and expenditure

  1. Identify known sources of income
  2. Identify new sources of income and amounts for new activities
  3. Review expenditure for existing operations
  4. Estimate expenditure for new initiatives and expansions
  5. Identify potential problem areas
  6. Ensure procedures are in place to document all identified items in a readily accessible and useful format
Identify known sources of income

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify new sources of income and amounts for new activities

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review expenditure for existing operations

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Estimate expenditure for new initiatives and expansions

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify potential problem areas

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure procedures are in place to document all identified items in a readily accessible and useful format

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Oversee budget preparation

  1. Contribute to budget development
  2. Review budget documentation and clarify where required
  3. Review draft budgets and propose modifications if required
  4. Ensure contingency plans are included in the budget
Contribute to budget development

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review budget documentation and clarify where required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review draft budgets and propose modifications if required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure contingency plans are included in the budget

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review and finalise budget

  1. Ensure expenditure commitments are in line with final income figures
  2. Work with other board members and management to finalise and approve annual budget
  3. Present final annual budget to the community
  4. Review and update budget regularly
Ensure expenditure commitments are in line with final income figures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Work with other board members and management to finalise and approve annual budget

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Present final annual budget to the community

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review and update budget regularly

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1 Gather and analyse relevant budget information

1.1 Establish a budget working-group

1.2 Review and analyse previous year’s budget performance

1.3 Gather budget planning information from relevant sources

1.4 Identify priorities in relation to organisation's vision and plans

2 Identify and document income and expenditure

2.1 Identify known sources of income

2.2 Identify new sources of income and amounts for new activities

2.3 Review expenditure for existing operations

2.4 Estimate expenditure for new initiatives and expansions

2.5 Identify potential problem areas

2.6 Ensure procedures are in place to document all identified items in a readily accessible and useful format

3 Oversee budget preparation

3.1 Contribute to budget development

3.2 Review budget documentation and clarify where required

3.3 Review draft budgets and propose modifications if required

3.4 Ensure contingency plans are included in the budget

4 Review and finalise budget

4.1 Ensure expenditure commitments are in line with final income figures

4.2 Work with other board members and management to finalise and approve annual budget

4.3 Present final annual budget to the community

4.4 Review and update budget regularly

Required Skills and Knowledge

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1 Gather and analyse relevant budget information

1.1 Establish a budget working-group

1.2 Review and analyse previous year’s budget performance

1.3 Gather budget planning information from relevant sources

1.4 Identify priorities in relation to organisation's vision and plans

2 Identify and document income and expenditure

2.1 Identify known sources of income

2.2 Identify new sources of income and amounts for new activities

2.3 Review expenditure for existing operations

2.4 Estimate expenditure for new initiatives and expansions

2.5 Identify potential problem areas

2.6 Ensure procedures are in place to document all identified items in a readily accessible and useful format

3 Oversee budget preparation

3.1 Contribute to budget development

3.2 Review budget documentation and clarify where required

3.3 Review draft budgets and propose modifications if required

3.4 Ensure contingency plans are included in the budget

4 Review and finalise budget

4.1 Ensure expenditure commitments are in line with final income figures

4.2 Work with other board members and management to finalise and approve annual budget

4.3 Present final annual budget to the community

4.4 Review and update budget regularly