Manage budgets and financial plans

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 BSBFIM501, 'Manage budgets and financial plans'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Manage budgets and financial plans' on fishpond.com.au. This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to ntisthis.com for every purchase, so go nuts :)


Elements and Performance Criteria

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1 Plan financial management approaches

1.1 Accessbudget/financial plansfor the work team

1.2 Clarify budget/financial plans withrelevant personnelwithin the organisation to ensure that documented outcomes are achievable, accurate and comprehensible

1.3 Negotiate any changes required to be made to budget/financial plans with relevant personnel within the organisation

1.4 Preparecontingency plansin the event that initial plans need to be varied

2 Implement financial management approaches

2.1 Disseminate relevant details of the agreed budget/financial plans to team members

2.2 Providesupportto ensure that team members can competently performrequired rolesassociated with the management of finances

2.3 Determine and accessresources and systemsto manage financial management processes within the work team

3 Monitor and control finances

3.1 Implementprocesses to monitor actual expenditure and to control costs across the work team

3.2 Monitor expenditure and costs on an agreed cyclical basis to identify cost variations and expenditure overruns

3.3 Implement, monitor and modify contingency plans as required to maintain financial objectives

3.4 Reporton budget and expenditure in accordance with organisational protocols

4 Review and evaluate financial management processes

4.1 Collect and collate for analysis,data and information on the effectiveness of financial management processeswithin the work team

4.2 Analyse data and information on the effectiveness of financial management processes within the work team and identify, document and recommend any improvements to existing processes

4.3 Implement and monitor agreed improvements in line with financial objectives of the work team and the organisation


Qualifications and Skillsets

BSBFIM501 appears in the following qualifications:

  • PRM40509 - Certificate IV in Asset Maintenance (Waste Management)
  • FNS60310 - Advanced Diploma of Conveyancing
  • FNS50410 - Diploma of Conveyancing
  • MSA50510 - Diploma of Recreational Vehicles
  • CPC50408 - Diploma of Plumbing and Services
  • CPC50308 - Diploma of Building and Construction (Management)
  • CPC50210 - Diploma of Building and Construction (Building)
  • CPC50412 - Diploma of Plumbing and Services
  • CPC50408 - Diploma of Plumbing and Services
  • CPC50308 - Diploma of Building and Construction (Management)
  • CPC50210 - Diploma of Building and Construction (Building)
  • ICT50510 - Diploma of Telecommunications Planning and Design
  • SIS50410 - Diploma of Sport and Recreation Administration
  • SIS50110 - Diploma of Facility Management
  • SIS40410 - Certificate IV in Sport and Recreation
  • SIS50610 - Diploma of Sport Development
  • CPP60109 - Advanced Diploma of Spatial Information Services
  • CPP50511 - Diploma of Property Services (Asset and Facility Management)
  • CPP50212 - Diploma of Spatial Information Services
  • CPP50307 - Diploma of Property Services (Agency Management)
  • CPP50611 - Diploma of Security and Risk Management
  • CPP50211 - Diploma of Spatial Information Services
  • CPP50409 - Diploma of Property Services (Business Broking)
  • AUR50105 - Diploma of Automotive Management
  • AUR40105 - Certificate IV in Automotive Management
  • BSB50613 - Diploma of Human Resources Management
  • BSB51807 - Diploma of Unionism and Industrial Relations
  • BSB51207 - Diploma of Marketing
  • BSB50807 - Diploma of International Business
  • BSB51107 - Diploma of Management
  • BSB41307 - Certificate IV in Marketing
  • BSB51507 - Diploma of Purchasing
  • BSB50507 - Diploma of Franchising
  • BSB50107 - Diploma of Advertising
  • FPP50110 - Diploma of Pulp and Paper Process Management
  • FPP50110 - Diploma of Pulp and Paper Process Management
  • CHC52310 - Diploma of Community Services (Development and/or Humanitarian Assistance)
  • NWP50107 - Diploma of Water Operations
  • PSP51104 - Diploma of Government (Management)
  • FPI50105 - Diploma of Forest and Forest Products
  • FPI60111 - Advanced Diploma of Forest Industry Sustainability
  • CUS50309 - Diploma of Music Business
  • CUS50209 - Diploma of Sound Production
  • TAE50310 - Diploma of International Education Services
  • AHC50110 - Diploma of Agriculture
  • AHC50710 - Diploma of Parks and Gardens Management
  • AHC51610 - Diploma of Irrigation Management
  • AHC50410 - Diploma of Horticulture
  • AHC60410 - Advanced Diploma of Conservation and Land Management
  • AHC51812 - Diploma of Organic Farming
  • CUV50407 - Diploma of Photoimaging
  • AVI60110 - Advanced Diploma of Aviation (Flight Instruction)
  • SIT50207 - Diploma of Events
  • MTM50111 - Diploma of Meat Processing
  • MTM50211 - Diploma of Meat Processing (Meat Retailing)
  • MTM60111 - Advanced Diploma of Meat Processing
  • SFI50211 - Diploma of Fishing Operations
  • SFI50111 - Diploma of Aquaculture
  • SFI50511 - Diploma of Seafood Processing
  • TLI60210 - Advanced Diploma of Deployment Logistics
  • TLI60110 - Advanced Diploma of Materiel Logistics
  • TLI50310 - Diploma of International Freight Forwarding
  • TLI50210 - Diploma of Materiel Logistics
  • TLI50510 - Diploma of Deployment Logistics
  • TLI60210 - Advanced Diploma of Deployment Logistics
  • TLI60110 - Advanced Diploma of Materiel Logistics
  • TLI50310 - Diploma of International Freight Forwarding
  • TLI50210 - Diploma of Materiel Logistics
  • TLI50510 - Diploma of Deployment Logistics
  • FDF50210 - Diploma of Pharmaceutical Manufacturing
  • FDF50110 - Diploma of Food Processing
  • HLT61107 - Advanced Diploma of Nursing (Enrolled/Division 2 nursing)
  • HLT52007 - Diploma of Practice Management
  • HLT60113 - Advanced Diploma of Aboriginal and/or Torres Strait Islander Health Care
  • RGR40508 - Certificate IV in Racing Services (Racing Administration)
  • RGR50208 - Diploma of Racing Services (Racing Administration)
  • RGR50308 - Diploma of Racing Services (Steward)
  • SIR50107 - Diploma of Retail Management
  • CUF50507 - Diploma of Costume for Performance
  • CUF50307 - Diploma of Broadcast Technology
  • CUF50407 - Diploma of Specialist Make-up Services
  • CUF50207 - Diploma of Interactive Digital Media
  • CUF50107 - Diploma of Screen and Media
  • CUF50607 - Diploma of Scenery and Set Construction
  • CUA40311 - Certificate IV in Community Culture
  • CUA50311 - Diploma of Dance Teaching and Management
  • CUV50411 - Diploma of Photo Imaging
  • MSA50311 - Diploma of Production Management
  • RII40909 - Certificate IV in Drilling Operations
  • RII60709 - Advanced Diploma of Surface Coal Mining Management
  • RII60309 - Advanced Diploma of Underground Coal Mining Management
  • RII50409 - Diploma of Civil Construction Management
  • RII40709 - Certificate IV in Civil Construction Supervision
  • RII50909 - Diploma of Underground Coal Mining Management
  • RII50109 - Diploma of Surface Operations Management
  • RII40712 - Certificate IV in Civil Construction Supervision
  • RII50912 - Diploma of Underground Coal Mining Management
  • RII60312 - Advanced Diploma of Underground Coal Mining Management
  • UET60212 - Advanced Diploma of ESI - Power Systems
  • UET50212 - Diploma of ESI - Power Systems
  • FNS60311 - Advanced Diploma of Conveyancing
  • FNS50411 - Diploma of Conveyancing
  • FPI50111 - Diploma of Forest and Forest Products
  • DEF52712 - Diploma of Defence Public Affairs
  • CPP50811 - Diploma of Waste Management
  • CPP60112 - Advanced Diploma of Spatial Information Services
  • CHC52312 - Diploma of Community Services (Development and or Humanitarian Assistance)
  • HLT52012 - Diploma of Practice Management
  • AUR50112 - Diploma of Automotive Management
  • PSP51112 - Diploma of Government (Management)
  • PSP52612 - Diploma of Government (Road Transport Compliance)
  • UET50312 - Diploma of ESI - Power Systems Operations
  • UET60312 - Advanced Diploma of ESI - Power Systems Operations
  • SIF50113 - Diploma of Funeral Services Management
  • SIS50712 - Diploma of Sport and Recreation Management
  • SIS40412 - Certificate IV in Sport and Recreation
  • SIS50612 - Diploma of Sport Development
  • FPI60113 - Advanced Diploma of Forest Industry Sustainability
  • SIR50112 - Diploma of Retail Management
  • RII60713 - Advanced Diploma of Surface Coal Mining Management
  • ICT50513 - Diploma of Telecommunications Planning and Design
  • CUA40213 - Certificate IV in Community Culture
  • TLI50813 - Diploma of Customs Broking
  • RII40713 - Certificate IV in Civil Construction Supervision
  • RII60313 - Advanced Diploma of Underground Coal Mining Management
  • CUA50313 - Diploma of Dance Teaching and Management
  • RII50913 - Diploma of Underground Coal Mining Management
  • RII40913 - Certificate IV in Drilling Operations
  • RII50113 - Diploma of Surface Operations Management
  • RII50413 - Diploma of Civil Construction Management
  • BSB52015 - Diploma of Conveyancing
  • BSB51515 - Diploma of Purchasing
  • BSB50615 - Diploma of Human Resources Management
  • BSB51215 - Diploma of Marketing
  • BSB51915 - Diploma of Leadership and Management
  • BSB61115 - Advanced Diploma of Conveyancing
  • BSB41315 - Certificate IV in Marketing
  • BSB50515 - Diploma of Franchising
  • BSB50115 - Diploma of Advertising
  • BSB50815 - Diploma of International Business
  • FNS51215 - Diploma of Insurance Broking
  • SIS50215 - Diploma of Fitness
  • TLI60115 - Advanced Diploma of Materiel Logistics
  • TLI60215 - Advanced Diploma of Deployment Logistics
  • TLI50515 - Diploma of Deployment Logistics
  • TLI50215 - Diploma of Materiel Logistics
  • DEF53115 - Diploma of Electronic Forensics
  • DEF53215 - Diploma of Simulator Maintenance
  • CHC52115 - Diploma of Community Development
  • CHC53215 - Diploma of Alcohol and Other Drugs
  • CHC53415 - Diploma of Leisure and Health
  • CHC44015 - Certificate IV in Coordination of volunteer programs
  • CHC43115 - Certificate IV in Disability
  • CHC43015 - Certificate IV in Ageing Support
  • CHC52015 - Diploma of Community Services
  • CHC53315 - Diploma of Mental Health
  • HLT43015 - Certificate IV in Allied Health Assistance
  • HLT57715 - Diploma of Practice Management
  • AMP50115 - Diploma of Meat Processing (Meat Retailing)
  • AMP60115 - Advanced Diploma of Meat Processing
  • AMP50215 - Diploma of Meat Processing
  • HLT65015 - Advanced Diploma of Dental Prosthetics
  • MSM51015 - Diploma of Recreational Vehicles
  • NWP50715 - Diploma of Water Industry Operations
  • RII40715 - Certificate IV in Civil Construction Supervision
  • RII40915 - Certificate IV in Drilling Operations
  • RII50115 - Diploma of Surface Operations Management
  • RII50415 - Diploma of Civil Construction Management
  • RII50915 - Diploma of Underground Coal Mining Management
  • RII60315 - Advanced Diploma of Underground Coal Mining Management
  • RII60715 - Advanced Diploma of Surface Coal Mining Management
  • SIS50115 - Diploma of Sport and Recreation Management
  • BSB52415 - Diploma of Marketing and Communication
  • ICT51115 - Diploma of Telecommunications Planning and Design
  • ICT51015 - Diploma of Telecommunications Engineering
  • BSB52315 - Diploma of Governance
  • BSB80515 - Graduate Certificate in Management (Learning)
  • CUA50815 - Diploma of Music Industry
  • CUA50915 - Diploma of Photography and Photo Imaging
  • CUA51015 - Diploma of Screen and Media
  • FWP60116 - Advanced Diploma of Forest Industry Sustainability
  • TLI50816 - Diploma of Customs Broking
  • TLI50316 - Diploma of International Freight Forwarding
  • AUR50116 - Diploma of Automotive Management
  • CPP50316 - Diploma of Strata Community Management
  • PPM50116 - Diploma of Pulp and Paper Process Management
  • CPP50616 - Diploma of Waste Management
  • CPP50216 - Diploma of Spatial Information Services
  • FWP50116 - Diploma of Forest and Forest Products
  • MSM50316 - Diploma of Production Management
  • AHC51816 - Diploma of Organic Farming
  • AHC50416 - Diploma of Horticulture
  • AHC60415 - Advanced Diploma of Conservation and Land Management
  • AHC50716 - Diploma of Parks and Gardens Management
  • AHC51616 - Diploma of Irrigation Management
  • AHC50116 - Diploma of Agriculture
  • DEF50517 - Diploma of Defence Public Affairs

And the skillsets: