Module Outline

Date retreived
22/07/2026 10:42 AM AWST

Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.

Prepare simple budgets

Prepare simple budgets

Module
National Code
VU23241
State Code
BB293
DTWD Status
Approved
State Implementation and Classification
Approved Date
03/09/2025
Field of Education
120105 - Learning Skills Programmes
Nominal Hours
10
Description
This unit describes the basic mathematical and arithmetical skills and knowledge to compare prices, calculate quantities and costs, and to gather relevant information to prepare a simple balanced budget.

This unit applies to learners who are engaging with learning as a pathway to education, employment or community participation activities.

No occupational licensing, legislative, regulatory or certification requirements apply to this unit at the time of publication.
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Elements and Performance Criteria
Determine prices of a selection of goods for a specified budget
  • 1.1 Select items for inclusion in budget
  • 1.2 Compare available prices of the selected items
  • 1.3 Determine quantities required and enter data correctly into set formulae on calculator
  • 1.4 Use strategies to check accuracy
Prepare a simple budget
  • 2.1 Investigate information to establish income and expenditure
  • 2.2 Develop a balanced budget
  • 2.3 Check balanced budget meets all users’ needs
Replaces
State Code National Code Title Type
70727 VU22104 Prepare simple budgets Unit of competency
Associated Qual/Courses
State Code National Code Title Type
BHE20 22689VIC Certificate I in General Education for Adults (Introductory) Accredited course