Unit of competency Outline

Date retreived
23/07/2026 12:29 AM AWST

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Prepare operational budgets

Prepare operational budgets

Unit of competency
National Code
FNSACC402
State Code
AUQ01
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
16/09/2015
Field of Education
080905 - Practical Computing Skills
Original Release Date
16/09/2015
Nominal Hours
40
Description
This unit describes the skills and knowledge required to prepare and document operational budgets for a variety of organisations.It applies to individuals who use specialised knowledge and systematic approaches to undertake strategic financial activity for an organisation.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Prepare budget
  • 1.1 Confirm budget objectives are consistent with organisational aims, projects and forecasts
  • 1.2 Clearly define cash, expenditure and revenue items and ensure relevance to identified objectives of budget
  • 1.3 Conduct discussions and negotiations with stakeholders that budget applies to in manner that promotes goodwill and ongoing cooperation
2. Set budget timeframe
  • 2.1 Identify and include milestones and performance indicators in budget
  • 2.2 Break down annual budgets into seasonal periods in accordance with operating trends
3. Document budget
  • 3.1 Present data in format that is easily understood and appropriate to budget reporting
  • 3.2 Complete and distribute reports within timelines for specified periods and projects
No information
No information
Replaces
State Code National Code Title Type
D4034 FNSACC402A Prepare operational budgets Unit of competency
Replaced By
State Code National Code Title Type
BBH83 FNSACC412 Prepare operational budgets Unit of competency
State Code National Code Title Type
AWF3 FNS40615 Certificate IV in Accounting Qualification
AVY4 FNS41815 Certificate IV in Financial Services Qualification