Skill set Outline
Date retreived
23/07/2026 12:39 AM AWST
23/07/2026 12:39 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.
Understanding Financial Concepts for Budgeting
Understanding Financial Concepts for Budgeting
Skill set
National Code
SITSS00043
SITSS00043
State Code
AD474
AD474
TGA Status
Replaced
Replaced
DTWD Status
Approved
Approved
National Endorsed, State Implementation and Classification
AQF Level
—
Field of Education
—
Skillset Type
National
Original TGA Release Date
03/03/2016
Current Release Date
03/03/2016
Current Release Number
1.00
Approved Date
22/12/2017
Transition Date
10/06/2023
Nominal Hours
100
Duration
1 Semester
Releases
| Release Version | Release Date | TGA Status | DTWD Status |
|---|---|---|---|
| 1.00 | 03/03/2016 | Current | Approved |
Pathway Information
Licensing / Regulatory Information
Skill Set Entry Requirements
A Current Qualification Release or associated Course does not exist.
Target Group
Suggested words for statement of attainment
General notes
Schedule
| State Code | National Code | Title | Hours | Type |
|---|---|---|---|---|
| AWQ53 | SITXFIN002 | Interpret financial information | 20 | Unit of competency |
| AWQ54 | SITXFIN003 | Manage finances within a budget | 30 | Unit of competency |
| AWQ52 | SITXFIN004 | Prepare and monitor budgets | 50 | Unit of competency |
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| AE832 | SITSS00096 | Understanding Financial Concepts for Budgeting | Skill set |