Manage limited budgets and financial accountabilities

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 CHCADMIN508B, 'Manage limited budgets and financial accountabilities'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Reference books for 'Manage limited budgets and financial accountabilities' 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. Plan approach to financial management of specific work area

1.1 Access financial requirements, organisation requirements, mandatory reporting formats and requirements

1.2 Clarify financial requirements with relevant personnel to ensure mandatory and organisation outcomes are achievable

1.3 Negotiate with relevant personnel any changes to be made to proposed approaches and plans

2. Prepare and document budgets for specific work

2.1 Define expenditure and revenue items relevant to objectives

2.2 Link budget elements to goals, objectives and strategic directions of the organisation

2.3 Conduct discussions and negotiations with stakeholders where required in a respectful manner that promotes goodwill and ongoing cooperation

2.4 Provide support to team members to ensure performance of required roles associated with management of budgets and finances

2.5 Identify performance indicators and include in budget documents

2.6 Break down annual budgets into reporting periods in line with organisation's operating approach

2.7 Present data in formats that are easily understood and appropriate to budget reporting

3. Analyse project, program or operational plans

3.1 Conduct discussions and negotiations with stakeholders to identify elements to be addressed in the planning documents

3.2 Identify project work or work programs required to achieve identified project and/or operational objectives

3.3 Identify budget requirements to achieve identified objectives

3.4 Identify and analyse financial issues related to achievement of identified objectives

3.5 Identify objectives, process timelines, resources and mandatory reports

4. Monitor and control finances

4.1 Develop processes for monitoring actual expenditure and income for project, program or work area

4.2 Implement reporting of expenditure, income, assets, stock, consumables and equipment for project, program or work area

4.3 Monitor expenditure on a cyclical basis to identify cost variations and expenditure overruns

4.4 Develop contingency plans for endorsement if required

4.5 Prepare processes, reports and documents to support mandatory audit processes where required

5. Review and evaluate financial management processes for project, program or work area

5.1 Collect, collate and analyse data on the effectiveness of financial management processes and review with the appropriate person

5.2 Identify potential improvements and make recommendations to relevant authority

5.3 Implement and monitor endorsed improvements in line with the organisation's goals, objectives and mandatory reporting requirements

Qualifications and Skillsets

CHCADMIN508B appears in the following qualifications:

  • CHC52208 - Diploma of Community Services Coordination
  • CHC51208 - Diploma of Child, Youth and Family Intervention
  • CHC51608 - Diploma of Employment Services
  • CHC50608 - Diploma of Community Services Work
  • CHC40908 - Certificate IV in Social Housing
  • CHC51008 - Diploma of Children's Services (Outside school hours care)
  • CHC50808 - Diploma of Social Housing
  • CHC51308 - Diploma of Education Support
  • CHC52310 - Diploma of Community Services (Development and/or Humanitarian Assistance)
  • CHC50908 - Diploma of Children's Services (Early childhood education and care)
  • HLT61307 - Advanced Diploma of Aboriginal and/or Torres Strait Islander Primary Health (Community Care)