Prepare 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 BSBMGT503A, 'Prepare 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 'Prepare 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

Elements and Performance Criteria

Element

Performance Criteria

1

Analyse strategic and operational plans

1.1

Strategic opportunities are expressed in terms of tactical and operational objectives

1.2

Tactical and operational objectives are converted into special projects or work programs

1.3

Financial trends are analysed and interpreted in the context of the organisational strategic objectives

1.4

Financial planning objectives, process timeframes and resources are clearly identified

2

Develop revenue, expenditure and capital investment proposals

2.1

Individuals and groups are given responsibility for the development of specific budgets and plans

2.2

Consultation occurs with all relevant groups and individuals throughout the organisation

2.3

Proposals are developed taking account of past experience, present trends and future expectations

2.4

Outcomes of proposals are clearly linked to organisational strategic objectives

2.5

Realistic cost benefit and risk analyses/management plans are incorporated into all proposals

2.6

Organisational investment target rates are met for capital expenditure proposals

2.7

Performance measures and tactics for monitoring and control processes are identified for each proposal/action

2.8

Proposals comply with the organisation's values, policies, Code of Conduct, legal and ethical obligations

2.9

Proposals are developed within the agreed timeframes

2.10

Supporting evidence is valid and sufficient to allow proper evaluation of the proposals

3

Build agreement for budgets and financial plans

3.1

Negotiation is undertaken with relevant groups and individuals in ways that build commitment to the plans

3.2

Links to the achievement of organisational strategic objectives are identified and agreed

3.3

Outcomes are confirmed in terms of clear, concise objectives and timeframes

3.4

Negotiations lead to a clear agreement of those matters to be incorporated into budgets and plans

3.5

Budgets and plans incorporate the outcomes of negotiations and meet organisation's approval processes

3.6

Delegations, accountabilities and responsibilities are agreed and confirmed in writing

3.7

Final budget and plans are clearly documented and a communication plan developed


Qualifications and Skillsets

BSBMGT503A appears in the following qualifications:

  • PRM40504 - Certificate IV in Asset Maintenance (Waste Management)
  • PUA51206 - Diploma of Public Safety (Defence Public Affairs)
  • AUR50105 - Diploma of Automotive Management
  • AUR40105 - Certificate IV in Automotive Management
  • SIF50108 - Diploma of Mortuary Management
  • CUF50307 - Diploma of Broadcast Technology