Unit of competency Outline

Date retreived
24/07/2026 2:19 AM AWST

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Operate within a budget framework

Operate within a budget framework

Unit of competency
National Code
AHCBUS404
State Code
BAP15
TGA Status
Replaced
DTWD Status
Transition (Replaced)
Current Release Number
1.00
Current Release Date
27/06/2016
View on TGA
State Implementation and Classification
Approved Date
12/01/2017
Field of Education
080101 - Accounting
Original Release Date
12/01/2017
Nominal Hours
25
Description
This unit of competency describes the skills and knowledge required to operate 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.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.No occupational licensing, legislative or certification requirements are known to apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Participate in formulation of a budget
  • 1.1 Gather budget planning information from relevant sources
  • 1.2 Identify priorities in relation to the organisation’s vision and plans
  • 1.3 Identify known sources of income as well as new sources of income
  • 1.4 Review expenditure for existing operations
  • 1.5 Review overhead expenditure
  • 1.6 Estimate expenditure for new initiatives and expansion
  • 1.7 Request budget variations to suit organisational needs
2.Supervise financial transaction
  • 2.1 Arrange expenditure within budget delegations
  • 2.2 Record transactions to meet taxation and accounting requirements
  • 2.3 Compare actual sales and expenditure to the enterprise budget
  • 2.4 Check financial reports to ensure operations are within forecast limits
  • 2.5 Adjust expenditure to meet financial targets as required
  • 2.6 Report actual and potential variations in budgeted income
  • 2.7 Develop recommendations to address budget variations
No information
No information
Replaces
State Code National Code Title Type
D6737 AHCBUS404A Operate within a budget framework Unit of competency
Replaced By
State Code National Code Title Type
OBK35 AHCBUS408 Operate within a budget framework Unit of competency