Determine the effective use of financial resources

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 CSCORG508A, 'Determine the effective use of financial resources'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Reference books for 'Determine the effective use of financial resources' 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



1Identify financial resource requirements.

1.1 Consult with key people to develop and endorse proposals for expenditure.

1.2 Ensure proposed expenditure takes into account factors likely to affect costs and returns.

1.3 Link proposed financed activities to organisational objectives and strategies.

1.4 Ensure proposed financed activities include targets, standards and monitoring methods.

2Establish budgets for activities.

2.1 Ensure relevant people participate in determining a budget that is clear, concise and presents a cost-benefit analysis.

2.2 Present budget proposals in the format required by your organisational management practices.

2.3 Conduct negotiations in a way that maintains good working relationships with the people involved.

2.4 Resolve and report areas of uncertainty or contention and negotiate and finalise agreements in the time required.

2.5 Provide relevant people with information about the budget decisions in a manner and timeframe that contribute to their cooperation and confidence.

3Control expenditure and activities against budget.

3.1 Ensure team members take individual responsibility for monitoring and controlling expenditure and activities against budgets.

3.2 Implement a method of regular monitoring of expenditure and activities against budgets that complies with the organisation's requirements.

3.3 Take corrective action in response to actual or potential significant variation from budgets promptly and effectively and report outcomes.

3.4 Refer requests for expenditure outside the area of the budgets promptly to the relevant people.

3.5 Complete records of activities against budgets accurately and make available to authorised people.

Qualifications and Skillsets

CSCORG508A appears in the following qualifications:

  • CSC50107 - Diploma of Correctional Administration
  • CSC50112 - Diploma of Correctional Administration