Unit of competency Outline

Date retreived
24/07/2026 12:29 AM AWST

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Operate within a budget framework

Operate within a budget framework

Unit of competency
National Code
AHCBUS404A
State Code
D6737
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
10/06/2011
View on TGA
State Implementation and Classification
Approved Date
14/11/2012
Field of Education
080101 - Accounting
Original Release Date
14/11/2012
Nominal Hours
25
Description
This unit covers operating within a budget framework and defines the standard required to: obtain and confirm the operational budget has been allocated; review projected income and expenditure and compare to budget; record transactions and allocate to cost and income categories; identify and report budget variations; review production and expenditure plans to meet financial targets.
Notes
Elements and Performance Criteria
1. Participate in formulation of a cash flow budget
  • 1.1. Budget consultation is followed in line with enterprise policy.
  • 1.2. Budget variations are requested to suit enterprise needs.
2. Supervise financial transaction
  • 2.1. Expenditure is arranged within budget delegations.
  • 2.2. Transactions are recorded to meet taxation and accounting requirements according to enterprise practices.
  • 2.3. Actual sales and expenditure are compared to the enterprise budget.
  • 2.4. Financial reports are checked to ensure operations are within forecast limits.
  • 2.5. Expenditure is adjusted to meet financial targets as required.
  • 2.6. Actual and potential variations in budgeted income are reported to the manager according to enterprise requirements.
  • 2.7. Recommendations to address budget variations are developed.
RANGE STATEMENT
The range statement relates to the unit of competency as a whole.
Budget documentation may include:
projected expenditure by item
projected income by source
cash flow budgets
budget delegations
variation and review procedures
credit and credit limits
security measures
reporting mechanisms
additional funds for particular projects
self-generated funds
fundraising requirements
project grants
funds received for winning tenders
enterprise procedures and policies.
EVIDENCE GUIDE
The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.
Overview of assessment

Critical aspects for assessment and evidence required to demonstrate competency in this unit
The evidence required to demonstrate competency in this unit must be relevant to workplace operations and satisfy holistically all of the requirements of the performance criteria and required skills and knowledge and include achievement of the following:
obtain and confirm the operational budget has been allocated
review projected income and expenditure and compare to budget
record transactions and allocate to cost and income categories
identify and report budget variations
review production and expenditure plans to meet financial targets.
Context of and specific resources for assessment
Competency requires the application of work practices under work conditions. Selection and use of resources for some worksites may differ due to the regional or enterprise circumstances.
Replaces
State Code National Code Title Type
S2767 RTC4911A Operate within a budget framework Unit of competency
Replaced By
State Code National Code Title Type
BAP15 AHCBUS404 Operate within a budget framework Unit of competency