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This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.
This unit describes the skills and knowledge required to collect and analyse information and apply sound accounting principles to the development and ongoing management of a budget for a small organisation or section of a large organisation. It applies to individuals who use a range of specialist and managerial techniques to plan, monitor and control budgetary work. No licensing, legislative or certification requirements apply to this unit at the time of publication.
Supersedes and is equivalent to FNSORG501A - Develop and manage a budget
Evidence of the ability to: - collect and accurately interpret relevant data to develop and finalise a budget - consult effectively and negotiate outcomes with others on budgetary issues - accurately complete financial and statistical reports related to budgeting. Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.
To complete the evidence requirements safely and effectively, the individual must: - define basic accounting and financial services industry terminology - outline types of data required to develop the budget - explain accounting techniques relevant to budget preparation and maintenance - describe budgeting techniques and tools - describe organisational and industry policy and procedures related to budget development and management.
Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the organisational skills field of work and include access to: - a range of common office equipment, technology, software and consumables - an integrated financial software system and data. Assessors must satisfy NVR/AQTF assessor requirements.
GS5 VET GRADING SCHEMA Used for WAAPA VET only
Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.
For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.
Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:
Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.
The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.
FNSORG501|1|1
This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.
This unit describes the skills and knowledge required to collect and analyse information and apply sound accounting principles to the development and ongoing management of a budget for a small organisation or section of a large organisation. It applies to individuals who use a range of specialist and managerial techniques to plan, monitor and control budgetary work. No licensing, legislative or certification requirements apply to this unit at the time of publication.
Supersedes and is equivalent to FNSORG501A - Develop and manage a budget
Evidence of the ability to: - collect and accurately interpret relevant data to develop and finalise a budget - consult effectively and negotiate outcomes with others on budgetary issues - accurately complete financial and statistical reports related to budgeting. Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.
To complete the evidence requirements safely and effectively, the individual must: - define basic accounting and financial services industry terminology - outline types of data required to develop the budget - explain accounting techniques relevant to budget preparation and maintenance - describe budgeting techniques and tools - describe organisational and industry policy and procedures related to budget development and management.
Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the organisational skills field of work and include access to: - a range of common office equipment, technology, software and consumables - an integrated financial software system and data. Assessors must satisfy NVR/AQTF assessor requirements.
GS5 VET GRADING SCHEMA Used for WAAPA VET only
Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.
For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.
Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:
Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.
The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.
FNSORG501|1|2