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Evidence Guide: PUAMAN007 - Manage 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

 

PUAMAN007 - Manage financial resources

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

Develop budget

  1. Budgets are developed in required format, in accordance with organisational procedures
  2. Costs and income streams are identified and quantified, in accordance with organisational procedures
  3. Comparative analysis is prepared for major items, in accordance with organisational policies and procedures
  4. Subordinate budgets are integrated into the prime budget
  5. Implications of major shifts in proposed or actual budget allocations, income and/or expenditure are identified and analysed when preparing the budget
  6. Performance indicators are developed and implemented, in accordance with organisational procedures
  7. Financial resources are allocated to support achievement of operational
Budgets are developed in required format, in accordance with organisational procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Costs and income streams are identified and quantified, in accordance with organisational procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Comparative analysis is prepared for major items, in accordance with organisational policies and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Subordinate budgets are integrated into the prime budget

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implications of major shifts in proposed or actual budget allocations, income and/or expenditure are identified and analysed when preparing the budget

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Performance indicators are developed and implemented, in accordance with organisational procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Financial resources are allocated to support achievement of operational

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Costs and income streams are identified and quantified, in accordance with organisational procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Comparative analysis is prepared for major items, in accordance with organisational policies and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Subordinate budgets are integrated into the prime budget

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implications of major shifts in proposed or actual budget allocations, income and/or expenditure are identified and analysed when preparing the budget

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Performance indicators are developed and implemented, in accordance with organisational procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Financial resources are allocated to support achievement of operational

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Allocate, authorise and monitor expenditure

  1. Expenditure management is implemented to ensure it meets organisational financial accountability requirements
Expenditure management is implemented to ensure it meets organisational financial accountability requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Significant potential and actual variations from the budget are renegotiated, in accordance with organisational procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Expenditure is authorised within financial authority limits, in accordance with organisational procedures and guidelines

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Supply and expenditure processes are in accordance with corporate governance and organisational protocols

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Financial reports are produced, as required, in a format nominated by the organisation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Primary and subordinate budgets are monitored alongside achievement of financial and operational objectives

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Financial allocations are monitored, in accordance with organisational procedures, to ensure objectives and priorities relating to service delivery are met

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Re-allocation of financial resources is undertaken, in accordance with organisational policy and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Utilise financial management information systems

  1. Management information systems are used for planning, implementing and monitoring financial resource usage
Management information systems are used for planning, implementing and monitoring financial resource usage

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Management information system reports are produced, verified and interpreted, in accordance with organisational policy and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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.