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Evidence Guide: PUAFIR505 - Administer cost centre's financial resources

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

 

PUAFIR505 - Administer cost centre's financial resources

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

Prepare capital and recurrent budget estimates

  1. Capital and recurrent budget estimate is prepared to ensure that the necessary funds to operate a cost centre for a budgetary period are accurately determined
Capital and recurrent budget estimate is prepared to ensure that the necessary funds to operate a cost centre for a budgetary period are accurately determined

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Budget details and supporting evidence are prepared and submitted, in accordance with organisational procedures and requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Budget review process is used to identify organisational priorities

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Administer financial budget

  1. Budget is administered, in accordance with organisational procedures and financial policies to ensure effective resource usage
Budget is administered, in accordance with organisational procedures and financial policies to ensure effective resource usage

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Financial information is analysed and reported on, in accordance with organisational procedures, and actions are taken to achieve planned outcomes

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Expenditure is monitored and evaluated on a regular basis, in accordance with organisational procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Manage forward planning activities

  1. Resource availability in relation to forward planning for staffing, plant, equipment and appliances is continuously monitored and managed, in accordance with organisational procedures
Resource availability in relation to forward planning for staffing, plant, equipment and appliances is continuously monitored and managed, in accordance with organisational procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Financial planning processes for activities and projects are managed, in accordance with organisational procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Financial plans are updated to reflect changing circumstances

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Expenditure on new projects and initiatives is proposed, justified and negotiated, in accordance with organisational procedures

Completed
Date:

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Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Required Skills and Knowledge
Range Statement

Range is restricted to essential operating conditions and any other variables essential to the work environment.

Non-essential conditions may be found in the Companion Volume Implementation Guide.