FNSACCT403B - Prepare Operational Budgets
BSBT009B
Overview
Level of study: What does Vocational Education, Training mean?
Vocational Education, Training
EFTSL: What does EFTSL mean?
0.125
Delivery Method: What does delivery method mean?
Fully Online
Prerequisites: What are the prerequisites?
No
Duration:
13 weeks
Government loans available:
NoneDomestic student fee:
$400.00 (AUD)
International student fee:
$625.00 (AUD)
Description
This unit describes the performance outcomes, skills and knowledge required to prepare and document operational budgets for a variety of organisations.
This unit has application to job functions that have budget responsibility and may include accountants and departmental managers.
Assessment
- Assignment 1 (35%)
- Assignment 2 (50%)
- Non-Invigilated Exam — Test (10%)
- Quiz — Engagement quiz (5%)
Learning Outcomes
At the completion of this unit students will be able to:
- prepare the budget
- set the budget timeframe
- document the budget.
Topics
This unit addresses the following topics.
| Number | Topic |
|---|---|
| 1 | Budget objectives are confirmed and consistent with organisational aims, projects and forecasts |
| 2 | Cash, expenditure and revenue items are clearly defined and relevant to the identified objectives of the budget |
| 3 | Discussions and negotiations with stakeholders that the budget applies to are conducted in a manner that promotes goodwill and ongoing cooperation |
| 4 | Milestones and performance indicators are identified and included in the budget |
| 5 | Annual budgets are broken down into seasonal periods in accordance with operating trends |
| 6 | Data is presented in a format that is easily understood and appropriate to budget reporting |
| 7 | Reports are completed within timelines and distributed for specified periods and projects |
