Cambodian Skills Delivery Model

SEAL National Course Catalogue · MLVT / National Training Board

Sector Frameworks

1,164

Qualifications

15,161

Competency Units

10,938

Elements

41,782

Learning Outcomes

2,822

Assessment Packages

Operate within a budget framework

KHU-AGR-0132

Australian Equivalent

AHCBUS408

Elements

Learning Outcomes

This unit of competency describes the skills and knowledge required to operate within a budget framework of a business. This unit applies to individuals who take responsibility for their own work and provide and communicate solutions to a range of predictable and sometimes unpredictable problems in relation to their roles working within a budget framework.. All work must be carried out to comply with organisational requirements, legislation and codes and in consultation with the management team. No licensing, legislative or certification requirements apply to this unit at the time of publication.

Elements & Learning Outcomes

E1Participate in formulation of a budget

0132.E1.O1Gather budget planning information from relevant sources

0132.E1.O2Identify priorities in relation to the organisation’s vision and plans

0132.E1.O3Identify known sources of income as well as new sources of income

0132.E1.O4Review expenditure for existing operations

0132.E1.O5Review overhead expenditure

0132.E1.O6Estimate expenditure for new initiatives and expansion

0132.E1.O7Request budget variations to suit organisational needs

E2Supervise financial transaction

0132.E2.O1Arrange expenditure within budget delegations

0132.E2.O2Record transactions to meet taxation and accounting requirements

0132.E2.O3Compare actual sales and expenditure to the enterprise budget

0132.E2.O4Check financial reports to ensure operations are within forecast limits

0132.E2.O5Adjust expenditure to meet financial targets as required

0132.E2.O6Report actual and potential variations in budgeted income

0132.E2.O7Develop recommendations to address budget variations