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Evidence Guide: HLTAHW064 - Manage budgets

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

 

HLTAHW064 - Manage budgets

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

Elements define the essential outcomes.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Prepare budget

  1. Identify and document workplace resource needs in accordance with workplace action plans
  2. Cost and record funding needs
  3. Prepare budget document and present to supervisor (or other relevant authority) for endorsement
Identify and document workplace resource needs in accordance with workplace action plans

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Cost and record funding needs

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Prepare budget document and present to supervisor (or other relevant authority) for endorsement

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Monitor budget expenditure

  1. Maintain systems for monitoring finances
  2. Ensure money is expended according to the endorsed budget document
  3. Identify changing priorities and discuss with supervisor (or other relevant authority)
  4. Amend budget document in response to changing priorities
  5. Satisfy accountability requirements
Maintain systems for monitoring finances

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Ensure money is expended according to the endorsed budget document

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Identify changing priorities and discuss with supervisor (or other relevant authority)

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Amend budget document in response to changing priorities

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Satisfy accountability requirements

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENT

PERFORMANCE CRITERIA

Elements define the essential outcomes.

Performance criteria specify the level of performance needed to demonstrate achievement of the Element.

1. Prepare budget

1.1 Identify and document workplace resource needs in accordance with workplace action plans

1.2 Cost and record funding needs

1.3 Prepare budget document and present to supervisor (or other relevant authority) for endorsement

2. Monitor budget expenditure

2.1 Maintain systems for monitoring finances

2.2 Ensure money is expended according to the endorsed budget document

2.3 Identify changing priorities and discuss with supervisor (or other relevant authority)

2.4 Amend budget document in response to changing priorities

2.5 Satisfy accountability requirements

Required Skills and Knowledge

ELEMENT

PERFORMANCE CRITERIA

Elements define the essential outcomes.

Performance criteria specify the level of performance needed to demonstrate achievement of the Element.

1. Prepare budget

1.1 Identify and document workplace resource needs in accordance with workplace action plans

1.2 Cost and record funding needs

1.3 Prepare budget document and present to supervisor (or other relevant authority) for endorsement

2. Monitor budget expenditure

2.1 Maintain systems for monitoring finances

2.2 Ensure money is expended according to the endorsed budget document

2.3 Identify changing priorities and discuss with supervisor (or other relevant authority)

2.4 Amend budget document in response to changing priorities

2.5 Satisfy accountability requirements

The candidate must show evidence of the ability to complete tasks outlined in elements and performance criteria of this unit, manage tasks and manage contingencies in the context of the job role.

There must be evidence that the candidate has:

prepared, documented and presented budget information in line with organisation requirements on at least one occasion, including:

monitoring expenditure and reviewing budgetary provisions in line with identified priorities and accountability requirements

costing and recording funding needs

identifying changing priorities and discussing issues with supervisor

managing financial aspects in line with requirements of own role

amending budget document to reflect changes in priorities.

The candidate must be able to demonstrate essential knowledge required to effectively do the task outlined in elements and performance criteria of this unit, manage the task and manage contingencies in the context of the identified work role.

This includes knowledge of:

organisation guidelines relating to funding applications, budget compilation and expenditure

organisation procedures for cost-centre management

accounting procedures as required by level of responsibility and workplace