Australian Budget Monitoring and Preparation
This subject describes the skills and knowledge required to prepare, monitor and finalise an operational budget. It covers cash flow forecasting, analysis of budget performance, record keeping and the administrative controls that keep a budget accurate and auditable.
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Skills
Employability skills developed in this subject:
Prepare Budget, Finalise Budget, Business Administration, Analysis, Cash Flow Forecasting, Organisational Skills, Auditing, Record Keeping, Risk Management, Time Management.
Performance evidence
To complete the subject the participant has been able to demonstrate the ability to:
- Prepare and finalise a budget; forecast cash flow; monitor performance against budget and identify variances; and maintain records to a standard that supports audit and review.
Knowledge evidence
To complete the subject requirements safely and effectively the individual has been able to:
- Explain the structure and purpose of operational budgets; describe the analysis and reporting cycle that supports budget control; and identify the risk and record-keeping obligations attached to budget administration.
eLearning skills
Digital and study skills applied throughout:
Computer Skills, Adaptability, Self Starter, Communication Skills, Writing Skills, Organisational Skills, Teamwork, Collaboration, Time Management, Research Skills.
Language
Medium of instruction:
English is the Medium of Instruction.
This excerpt includes information sourced from training.gov.au to complement our understanding. Most of the content is based on our interpretation of that information; please note its limited use for its intended purpose.