Manage finances

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 LGADMIN529A, 'Manage finances'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Reference books for 'Manage finances' 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. Interpret financial reports

1.1 Statistical financial reports are identified and analysed and the best methods of interpreting the data are determined.

1.2 Financial reports are received and income shortfalls and expenditure runs are identified, documented and discussed.

1.3 Financial reports are evaluated and financial impacts and implications are considered and documented.

2. Implement systems for financial management and reporting

2.1 Financial management and reporting procedures are developed in accordance with organisational and legal requirements.

2.2 Appropriate financial reports are prepared as required by the organisation.

2.3 Bookkeeping and accounting systems are implemented to ensure that accurate and comprehensive records of income and expenditure are appropriately maintained for the business unit.

2.4 Regular reconciliation against operational budgets is undertaken and any deviations are acted upon as appropriate.

3. Manage the use of funds

3.1 Actual income and expenditure is checked against budgets at regular, identified intervals.

3.2 Expenditure is assessed as being within agreed limits, does not compromise future spending requirements and conforms to the organisation's policies and procedures.

3.3 Actual or potential deviations from budget are reported to appropriate personnel and proposals for corrective action are developed and implemented.

4. Monitor financial performance

4.1 Financial budgets and projections are produced as required for each forward period and distributed to relevant personnel in accordance with legal and organisational requirements.

4.2 Financial performance targets are regularly monitored and reported and data is gathered to establish the extent to which the financial plan has been met.

4.3 Operational strategies are monitored for their effects on the financial plan.

4.4 Financial ratios are calculated and evaluated according to organisational benchmarks.

4.5 Financial plan is assessed to determine whether variations or alternative plans are indicated and changed as required.

4.6 Appropriate action is taken to ensure the achievement of profit or designated target and return to the business unit in accordance with the business plan and legal requirements.

Qualifications and Skillsets

LGADMIN529A appears in the following qualifications:

  • LGA50104 - Diploma of Local Government Administration