FNSACC503A - Manage Budgets and Forecasts - 2013

To enrol in this unit, you must be accepted into a course from the provider. Read before you start
This page is for past year, View 2017 unit details.

Unit summary


  • Level of Study: Vocational Education, Training
  • Study load: 0.03125 EFTSL
  • Delivery method: Fully Online
  • Prerequisites: Yes
  • Duration: 13 weeks
  • Government loans available: VET FEE-HELP
  • Availability for 2013: SP2 , SP3 , SP4
  • Assessment: Portfolio (30%) , Portfolio 1 (30%) - Learn more

Unit provided by

2013 Fees
Domestic 480.00
International 730.00

This unit describes the performance outcomes, skills and knowledge required to prepare, document and manage budgets and forecasts, and encompasses forecasting estimates and monitoring budgeted outcomes.

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

  1. prepare budget
  2. forecast estimates
  3. document budget
  4. monitor budget outcomes.
  • Portfolio (30%)
  • Portfolio 1 (30%)
  • Portfolio 2 (35%)
  • Quiz (5%)

Equivalent units

You cannot enrol in this unit if you have successfully completed any of the following unit(s) because they are considered academically equivalent:

  • Broadband access

In order to enrol in this unit, you must be accepted into one of the following courses:

Please visit the course details page and read the Requirements tab for more information about eligibility.

This unit addresses the following topics.

1Cash, expenditure and revenue items are clearly defined and relevant to identified objectives of the budget
2Budget objectives are clear and consistent with organisational aims and projects
3Discussions and negotiations with stakeholders are conducted in a manner that promotes understanding, goodwill and ongoing cooperation
4Milestones and performance indicators are identified and included in budgets to monitor financial performance with annual budgets
5Estimates of future cash flow, costs and revenues are realistic and attainable and supported by verifiable evidence and source documentation
6Relevant data for forecasts are identified and changes in circumstances anticipated
7Assumptions and parameters are established and reviewed for accuracy, relevance and compliance with organisational procedures and policies
8Financial risks are identified and protection strategies initiated in accordance with organisational procedures and policies
9Data are presented in a format that is easily understood and appropriate to budget reporting
10Reports are completed within timelines and distributed for specified periods and projects
11Trends, issues and comparisons are identified and reported in a structured format to ensure transparency and validity of analysis
12Feasibility is identified by comparison of projections with market growth and development
13Budget variances are analysed in accordance with organisational procedures and recommendations based on the analysis made to the client
14Budget processes are reviewed and implemented as required

This unit is delivered using the following methods and materials:

Instructional Methods

  • Discussion Forum/Discussion Board
  • Embedded Multimedia
  • Online Quizzes/Tests
  • Online assignment submission
  • Standard Media
  • Web links

Print based materials

  • Welcome Letter

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 Co-Op textbook list.

Textbook information for this unit is currently being updated and will be available soon. Please check back regularly for updates. Alternatively, visit the The Co-op website and enter the unit details to search for available textbooks.

Enquire online

Need to ask a question that's best put down in words?
Make an online enquiry.

Enquire now

Got a question?

Get an answer from one of our friendly Student Advisors.