NTISthis.com

Evidence Guide: UEGNSG123 - Manage financial resources in a gas industry facility

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

 

UEGNSG123 - Manage financial resources in a gas industry facility

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

Develop a gas facilitybudget

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Sub-budgets prepared by staff are coordinated in order that desired objectives are achieved

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Organisational workplace procedures on policies and specifications are obtained or determined with the appropriate persons

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Budget review parameters are determined from organisational workplace procedures on policies and specifications

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Budget review workplace procedures are discussed with appropriate persons in order to ascertain the project budget brief

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Cost-benefit analysis are prepared for major cost items in accordance with the organisation's policy and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Work roles and tasks are allocated in accordance with budget requirements and person/s competency

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Work is prioritised and sequenced for effective outcome, completed within an acceptable timeframe to industry quality standard and in accordance with workplace procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Liaison and communication with authorised persons, authorities are undertaken to resolve budget issues and coordinated work activities

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Financial risk control measures are identified, prioritised and evaluated in accordance with the budget work schedule

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Allocate, authorise and monitor expenditure

  1. 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 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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Supply budget allocation and expenditure processes are performed in accordance with corporate governance and organisational protocols and workplace procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Mathematical modelling is used to analyse the financial reports in accordance with workplace requirements and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Sub-budgets and financial allocation is continually monitored against organisational objectives and budgeted priorities to ensure optimum service delivery

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Re-allocation of financial resources is undertaken in accordance with workplace needs and priorities

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Work teams are arranged to ensure planned budget goals are met in accordance with workplace procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Solutions to unplanned events are responded to in accordance with workplace procedures in a manner that minimises financial risk

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Quality of work is monitored against financial performance agreement and workplace, organisational and industry standards

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Financial resource strategic plans are developed incorporating organisation initiatives in accordance with workplace procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Utilise relevant financial management information systems and review budget management

  1. Financial management information systems are used for planning, implementing and monitoring the use of financial resources in accordance with workplace policies and procedures
Financial management information systems are used for planning, implementing and monitoring the use of financial resources in accordance with workplace policies and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Management information system reports are produced, verified and interpreted

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Management of budget is reviewed in accordance with workplace policies and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Management of budget is reported in accordance with workplace policies and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Appropriate persons are notified of financial review completion and reports and completion documents are finalised

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Budget management reports and completion documents are submitted to relevant persons for approval and as required, statutory or regulatory approval

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Approved copies of financial documents are issued and records are updated in accordance with workplace 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 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