Prepare and monitor budgets and financial reports

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver AHCBUS508A, 'Prepare and monitor budgets and financial reports'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Reference books for 'Prepare and monitor budgets and financial reports' on This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to for every purchase, so go nuts :)

Elements and Performance Criteria



1. Prepare a budget

1.1. Information on past receipts and payments is obtained from previous records, compared to current prices and cost trends, and compiled in a form that enables projections of future receipts and expenditures.

1.2. A plan is prepared for a period which allows for expected expenditure and financial reporting requirements, using the 'most likely' prices and costs.

2. Implement and monitor a budget

2.1. Receipts and payments are monitored and reconciled against the original budget.

2.2. Variances against the original plan are identified, and the impact on overall profit/loss and cash flow is calculated.

2.3. Funds are allocated in accordance with budget objectives and parameters.

2.4. Adjustments are made where necessary to respond to unacceptable variations.

2.5. Budgets and plans are renegotiated/ restructured where necessary to optimise enterprise performance.

3. Prepare financial report

3.1. Records of financial performance are properly maintained within enterprise systems.

3.2. Information with source documents is assembled according to the requirements of the report recipient.

3.3. Documentation is forwarded in a timely and efficient manner.

3.4. Non-financial objectives are reported in the context of overall enterprise performance.

Qualifications and Skillsets

AHCBUS508A appears in the following qualifications:

  • AHC51010 - Diploma of Sports Turf Management
  • AHC51710 - Diploma of Rural Machinery Management
  • AHC50110 - Diploma of Agriculture
  • AHC51110 - Diploma of Conservation and Land Management
  • AHC51310 - Diploma of Pest Management
  • AHC51610 - Diploma of Irrigation Management
  • AHC51210 - Diploma of Community Coordination and Facilitation
  • AHC51410 - Diploma of Agribusiness Management
  • AHC50410 - Diploma of Horticulture
  • AHC50310 - Diploma of Production Horticulture
  • AHC50210 - Diploma of Pork Production