SIRXFIN005A - Manage Operations to Budget


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Level of study: What does Vocational Education, Training mean?

Vocational Education, Training

EFTSL: What does EFTSL mean?


Delivery Method: What does delivery method mean?

Fully Online

Availability: What is a Study period?



13 weeks

Government loans available:


Domestic student fee:

$600.00 (AUD)

International student fee:

$825.00 (AUD)


This unit describes the performance outcomes, skills and knowledge required to control cost expenditure while managing the overall activities of a wholesale or retail operational area to budget.


Mandatory prerequisites

You must have successfully completed the following unit(s) before starting this unit:

If you have completed equivalent study at another university, please contact a Student Advisor for advice.

Special Requirements

  • Broadband access


  • Assignment (40%)
  • Case Study (20%)
  • Project (40%)

Learning Outcomes

At the end of this unit students will be able to:

  1. control budget
  2. control costs
  3. propose expenditure
  4. maintain business accounting systems
  5. prepare business sales budgets
  6. set budget targets and monitoring mechanisms.


This unit addresses the following topics.

1Implement effective cost reduction measures according to company policy and procedures
2Assess and interpret information on costs and resource allocation
3Actively encourage team members to control costs in their areas of responsibility
4Promptly implement recommendations for improving cost reduction or communicate to relevant personnel
5Monitor and maintain expenditure within budget targets according to business policy
6Compare actual income and expenditure to budget targets at regular intervals according to business policy
7Analyse gross profit and loss figures by business areas and compare with budget targets
8Monitor net profit figures and report according to budget targets
9Promptly inform relevant personnel where potential occurs for budget under or overspend
10Take prompt corrective action where significant deviations from budget occur
11Negotiate necessary changes to agreed budget allocations in advance of requirement
12Authorise modifications to existing budgets according to business policy
13Ensure estimates of costs and benefits are supported by valid, relevant information
14Ensure final recommendations are supported by realistic alternatives and contain accurate, clear proposals
15Ensure recommendations clearly indicate net benefits over designated timeframe and related changes in operations
16Clarify contentious issues by further explanation
17Compare estimates to actual costs and benefits to improve future proposals
18Manage and maintain business policy and procedures in regard to record-keeping systems
19Monitor and maintain business systems for recording sales figures, revenue and expenditure
20Monitor and maintain systems for recording and retrieving financial, personnel and payroll information as required relevant legislation
21Observe business policy and procedures in regard to preparation of budget or target figures
22Compare, analyse, document and report budget and accurate sales revenue and expenditure figures according to budget targets and business policy
23Maintain accurate records on past sales budgets or targets according to business policy
24Present proposed budgets or targets accurately and concisely
25Justify variations to proposed targets and report according to business policy
26Report sales budgets accurately and concisely
27Conduct budget negotiations within a set timeframe and in a manner likely to promote good relationships
28Ensure budget negotiations reflect the overall business policies and objectives relevant to the manager's area of responsibility
29Acquire and deploy resources according to relevant legislation and company guidelines
30Maintain accurate and up-to-date records of resource allocation and usage according to company guidelines
31Develop and review management systems that enable timely collection, management and processing of information
32Complete records of budget performance and expenditure and report according to company procedures and guidelines
33Enforce budget audit mechanisms and compliance requirements
34Promptly inform relevant personnel of budget decisions

Study Resources

This unit is delivered using the following methods and materials:

Instructional Methods

  • Blogs
  • Chat rooms
  • Discussion Forum/Discussion Board
  • Embedded Multimedia
  • Glossary
  • Interactive Games
  • Online Quizzes/Tests
  • Online assignment submission
  • Web links
  • Wikis

Textbooks are subject to change within the academic year. Students are advised to purchase their books no earlier than one to two months before the start of a unit.

Click on the titles of the listed books below to find out more:

Required textbooks

Retail Management 11/e

By:Berman Barry



Supplier:Go to Unibooks

Relevant Courses

This unit is a core requirement in the following courses:

This unit may be eligible for credit towards other courses:

  1. Many undergraduate courses on offer through OUA include 'open elective' where any OUA unit can be credited to the course. You need to check the Award Requirements on the course page for the number of allowed open electives and any level limitations.
  2. In other cases, the content of this unit might be relevant to a course on offer through OUA or elsewhere. In order to receive credit for this unit in the course you will need to supply the provider institution with a copy of the Unit Profile in the approved format, which you can download here. Note that the Unit Profile is set at the start of the year, and if textbooks change this may not match the Unibooks textbook list.
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