Develop and manage a budget

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 FNSORG501A, 'Develop and manage a budget'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Develop and manage a budget' 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

1. Plan for and collect information for a budget

1.1. Areas for which the budget is being prepared are determined and confirmed with appropriate personnel, and data required for development of the budget are identified, accessed and analysed

1.2. Budget parameters are determined with estimates based on research, consultation and negotiating with appropriate personnel

1.3. Relevant colleagues are provided with the opportunity to contribute to the budget planning process

2. Develop budget

2.1. Budget is drafted based on analysis of all available information in accordance with organisation policy

2.2. Income and expenditure estimates are identified and supported by reliable information and the draft budget circulated for comment

3. Finalise budget and allocate resources

3.1. Modifications to the budget are agreed and incorporated as required and a final budget provided to the appropriate personnel

3.2. Personnel affected by the budget are informed and its application to the area in which they work in terms of limits and goals, financial management and reporting responsibilities clarified

3.3. Priorities within the budget are agreed and resources allocated

4. Monitor and control budget

4.1. Actual income and expenditure are checked against budget at regular intervals with budget reports prepared and presented to appropriate personnel

4.2. Deviations and response to the deviations are identified and appropriate action taken with appropriate personnel advised on budget status

5. Complete financial and statistical reports

5.1. All required financial and statistical reports are completed accurately within designated timelines

5.2. Recommendations about future financial planning are made as appropriate

5.3. Reports are clearly presented and checked for accuracy and provided to appropriate personnel


Qualifications and Skillsets

FNSORG501A appears in the following qualifications:

  • FNS60810 - Advanced Diploma of Financial Risk Management
  • FNS50810 - Diploma of Financial Risk Management
  • FNS60610 - Advanced Diploma of Banking Services Management
  • FNS60510 - Advanced Diploma of Superannuation
  • CUL50111 - Diploma of Library and Information Services
  • MSA50311 - Diploma of Production Management
  • FNS51811 - Diploma of Financial Services
  • CPP60312 - Advanced Diploma of Surveying
  • FNS60513 - Advanced Diploma of Superannuation
  • CUV50613 - Diploma of Aboriginal and Torres Strait Islander Visual Arts Industry Work
  • CUA50413 - Diploma of Live Production and Technical Services