Unit of competency Outline

Date retreived
22/07/2026 11:44 PM AWST

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Oversee the organisation's annual budget

Oversee the organisation's annual budget

Unit of competency
National Code
BSBATSIM414
State Code
AUH92
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
25/03/2015
View on TGA
State Implementation and Classification
Approved Date
15/09/2015
Field of Education
080307 - Organisation Management
Original Release Date
15/09/2015
Nominal Hours
40
Description
This unit describes the skills and knowledge required to develop and implement the annual budget and enable the board to control the finances of the organisation.It applies to individuals responsible for monitoring and planning the organisation’s finances.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1 Gather and analyse relevant budget information
  • 1.1 Establish a budget working-group
  • 1.2 Review and analyse previous year’s budget performance
  • 1.3 Gather budget planning information from relevant sources
  • 1.4 Identify priorities in relation to organisation's vision and plans
2 Identify and document income and expenditure
  • 2.1 Identify known sources of income
  • 2.2 Identify new sources of income and amounts for new activities
  • 2.3 Review expenditure for existing operations
  • 2.4 Estimate expenditure for new initiatives and expansions
  • 2.5 Identify potential problem areas
  • 2.6 Ensure procedures are in place to document all identified items in a readily accessible and useful format
3 Oversee budget preparation
  • 3.1 Contribute to budget development
  • 3.2 Review budget documentation and clarify where required
  • 3.3 Review draft budgets and propose modifications if required
  • 3.4 Ensure contingency plans are included in the budget
4 Review and finalise budget
  • 4.1 Ensure expenditure commitments are in line with final income figures
  • 4.2 Work with other board members and management to finalise and approve annual budget
  • 4.3 Present final annual budget to the community
  • 4.4 Review and update budget regularly
No information
No information
Replaces
State Code National Code Title Type
D4847 BSBATSIM414C Oversee the organisation's annual budget Unit of competency
Replaced By
State Code National Code Title Type
ODR77 BSBFNG403 Participate as a board member of an Aboriginal and Torres Strait Islander organisation Unit of competency