Unit of competency Outline
Date retreived
23/07/2026 6:53 AM AWST
23/07/2026 6:53 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.
Provide financial management for materiel acquisition projects
Provide financial management for materiel acquisition projects
Unit of competency
National Code
DEFFIN008
DEFFIN008
State Code
BBC77
BBC77
TGA Status
Current
Current
DTWD Status
Approved
Approved
State Implementation and Classification
Approved Date
21/02/2018
Field of Education
081199 - Banking, Finance And Related Fields, N.e.c.
Original Release Date
21/02/2018
Nominal Hours
0
Description
This unit describes the skills required to undertake financial management and reporting activities associated with materiel acquisition projects.This unit applies to those working in the public sector Finance Domain who would be required to undertake financial management activities as part of their duties.The skills and knowledge described in this unit must be applied within the legislative, regulatory and policy environment in which they are carried out. Organisational policies and procedures must be consulted and adhered to, particularly those related to financial management activities.Those undertaking this unit would be working under minimal supervision and/or supervising small teams while undertaking financial management tasks. They would perform sophisticated tasks in familiar contexts.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1 Produce management reports
- 1.1 Assess stakeholder needs
- 1.2 Compile data for end of period report
- 1.3 Coordinate the update of variance reports
- 1.4 Reconcile data with authoritative data
- 1.5 Review data for accuracy, validity and relevance
2 Provide input for asset management
- 2.1 Process asset and inventory financial transactions
- 2.2 Undertake Asset-Under-Construction assessments
- 2.3 Review financial asset and inventory transactions for accuracy
- 2.4 Develop and manage a costing model
3 Provide financial management support for procurements
- 3.1 Provide financial input for inclusion in procurement documentation
- 3.2 Undertake financial aspects of value for money assessment of supplier proposals
- 3.3 Provide input into contract development
- 3.4 Provide financial advice to procurement team
- 3.5 Review contract changes proposals for financial implications
4 Support the development of acquisition and sustainment agreements
- 4.1 Provide financial and costing advice
- 4.2 Review financial aspects
- 4.3 Assist with the development of change proposals
- 4.4 Provide financial management input into progress reviews
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| State Code | National Code | Title | Type |
|---|---|---|---|
| BDK1 | DEF50817 | Diploma of Defence Financial Management | Qualification |