Module Outline
Date retreived
22/07/2026 6:26 AM AWST
22/07/2026 6:26 AM AWST
Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.
Managing Finance - Setting and Achieving Budgets
Managing Finance - Setting and Achieving Budgets
Module
National Code
NGMS113
NGMS113
State Code
15018
15018
DTWD Status
Approved
Approved
State Implementation and Classification
Approved Date
17/03/1994
Field of Education
080101 - Accounting
Nominal Hours
17
Description
The purpose of this module is to provide competency based training in the
development of relevant operational budgets, their monitoring and analysis, and
the identification and recommendation of relevant and effective operational
actions to achieve the budgets.
The aims of the module are for participants to acquire the skills, knowledge,
attributes and professional practices that will enable them to recognise the
financial implications of operational performance, and facilitate operations
management through the use of relevant operational budgets to achieve effective
financial performance.
development of relevant operational budgets, their monitoring and analysis, and
the identification and recommendation of relevant and effective operational
actions to achieve the budgets.
The aims of the module are for participants to acquire the skills, knowledge,
attributes and professional practices that will enable them to recognise the
financial implications of operational performance, and facilitate operations
management through the use of relevant operational budgets to achieve effective
financial performance.
No information
Evidence Guide
Internal Assessment 100%
The methods by which evidence of achievement of competence by participants can
be assessed must be specified and provided to participants.
The demands of any assessment should be NO MORE than required to demonstrate
competency. Demonstration requires assessment of the task or project during
performance as well as evaluation of the product.
The method(s) chosen should be appropriate to the information sought and the
environment in which it may be logically , safely and economically conducted.
The methods by which evidence of achievement of competence by participants can
be assessed must be specified and provided to participants.
The demands of any assessment should be NO MORE than required to demonstrate
competency. Demonstration requires assessment of the task or project during
performance as well as evaluation of the product.
The method(s) chosen should be appropriate to the information sought and the
environment in which it may be logically , safely and economically conducted.
Elements and Performance Criteria
No information