Unit of competency Outline

Date retreived
22/07/2026 12:43 PM 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.

Manage the finances, accounts and resources of an organisation

Manage the finances, accounts and resources of an organisation

Unit of competency
National Code
CHCADMIN604B
State Code
D8545
TGA Status
Replaced
DTWD Status
Deleted
Current Release Number
1.00
Current Release Date
25/03/2011
View on TGA
State Implementation and Classification
Approved Date
21/07/2014
Field of Education
080101 - Accounting
Original Release Date
21/07/2014
Nominal Hours
95
Description
DescriptorThis unit describes the knowledge and skills required by workers to manage the financial, accounting and resourcing systems of the workplace to uphold accountability and efficiency requirements
Notes
Elements and Performance Criteria
1. Monitor budget processes
  • 1.1 Oversee the preparation of budgets in light of desired program performance outcomes and forward planning priorities
  • 1.2 Ensure budget planning process is participatory and formats are clear and standardised
  • 1.3 Ensure budgets are submitted for approval on time and in an appropriate format
  • 1.4 Develop and prepare requirements and contracts with funding bodies in accordance with organisation procedures
  • 1.5 Interpret and communicate the approved budget to other staff
2. Oversee implementation of systems for financial management and reporting
  • 2.1 Adhere to legal and organisation requirements in relation to financial management and reporting
  • 2.2 Ensure that appropriate financial reports are prepared as required by the organisation and/or funding body
  • 2.3 Oversee the development and implementation of book keeping, accounting systems and asset management to ensure that accurate and comprehensive records of income and expenditure are appropriately maintained
  • 2.4 Undertake regular reconciliation against operational budgets and act upon any deviations as appropriate
3. Manage the use of funds
  • 3.1 Check actual income and expenditure against budgets at regular, identified intervals
  • 3.2 Ensure expenditure is within agreed limits, does not compromise future spending requirements and conforms to organisation policy and procedures
  • 3.3 Where there are actual or potential deviations from budget, notify the appropriate people and develop and implement proposals for corrective action
  • 3.4 Where appropriate, ensure funds are invested in accordance with organisation procedures
  • 3.5 Follow guidelines for the management of unspent funds
4. Develop and recommend funding options
  • 4.1 Undertake research to acquire funding and resources and report the results appropriately
  • 4.2 Where appropriate, prepare funding submissions in accordance with relevant guidelines, maintain liaison with funding body to monitor progress of the submission, undertake negotiations and make revisions as necessary
  • 4.3 Develop contingency plans to accommodate possible shortfalls in funding and resourcing
5. Develop and implement resourcing proposals to meet operational needs
  • 5.1 Develop resource proposals, taking account of client and stakeholder needs, organisation objectives and operational plans
  • 5.2 Negotiate recommendations to vary operational plans to fit resource availability, with relevant personnel
  • 5.3 Develop plans to maximise value gained from the organisation's resources
  • 5.4 Develop and implement strategies to ensure the organisation's resource needs are met within the constraints of budget allocations, existing resources, contingencies and available resource providers
6. Monitor resource usage and performance
  • 6.1 Monitor resource usage against organisation targets, and investigate and rectify any deviations in accordance with organisation procedures
  • 6.2 Ensure appropriate support and training is provided to individuals and teams who have difficulties in using resources to the required standard
  • 6.3 Oversee systems, procedures and records associated with documenting resource acquisition and usage in accordance with organisation requirements
  • 6.4 Analyse and interpret budget and financial information to monitor productivity and performance
7. Manage property and equipment
  • 7.1 Follow organisation procedures when assessing suitability and safety of buildings and equipment
  • 7.2 Ensure the organisation's asset register is maintained as required
  • 7.3 Ensure upgrade plans for building and equipment maintenance are established and implemented as required
  • 7.4 Adhere to all relevant occupational health and safety and other legislation
  • 7.5 Ensure procedures are in place to achieve the most competitive pricing for goods and services
RANGE STATEMENT

The Range Statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Add any essential operating conditions that may be present with training and assessment depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts.


Budgeting and financial obligations may include:
Auditing
Awards and other staffing requirements
Balance sheets
Insurance requirements
Monthly or other reports
Tax office requirements


Appropriate parties may include:
Board of management
Clients
Funding providers
Government
Other staff
Treasurer


Legal requirements may include those relating to:
Acquittal of funds
Annual and other reports
Audit processes
Incorporation laws
Insurance
Relevant awards
Taxation and superannuation


Resources may include:
Buildings/facilities
Equipment, supplies and stores
Finance
Information systems
Staffing levels
Time
Transport
EVIDENCE GUIDE

The evidence guide provides advice on assessment and must be read in conjunction with the Performance Criteria, Required Skills and Knowledge, the Range Statement and the Assessment Guidelines for this Training Package.

Critical aspects for assessment and evidence required to demonstrate this unit of competency:
The individual being assessed must provide evidence of specified essential knowledge as well as skills
This unit is most appropriately assessed in the workplace or in a simulated workplace and under the normal range of workplace conditionsThis may include the use of languages other than English and alternative communication systems
Where there is not an opportunity to cover all relevant aspects in the work environment, the remainder should be assessed through realistic simulations, projects, previous relevant experience or oral questioning on 'what if?' scenarios
Assessment must include the normal range of management tasks used in the workplace


Access and equity considerations:
All workers in community services should be aware of access, equity and human rights issues in relation to their own area of work
All workers should develop their ability to work in a culturally diverse environment
In recognition of particular issues facing Aboriginal and Torres Strait Islander communities, workers should be aware of cultural, historical and current issues impacting on Aboriginal and Torres Strait Islander people
Assessors and trainers must take into account relevant access and equity issues, in particular relating to factors impacting on Aboriginal and/or Torres Strait Islander clients and communities


Context of and specific resources for assessment:
This unit can be assessed independently, however holistic assessment practice with other community services units of competency is encouraged
Resources required for assessment include:
access to appropriate workplace where assessment can take place, or simulation of realistic workplace setting for assessment


Method of assessment
Assessment may include observation, questioning and evidence gathered from the workplace environment e.g. completed budgets, portfolios etc
Realistic simulations, projects, previous relevant experience or oral questioning on 'what if?' Scenarios
Observation of processes and procedures, oral and/or written questions on Essential knowledge and skills and consideration of required attitudes
Where performance is required to be demonstrated over a period of time and/or in a number of locations, any evidence should be authenticated by colleagues, supervisors, clients or other appropriate persons
Review of any workplace documentation produced by the candidate related to managing finances, accounts and resources
Replaces
State Code National Code Title Type
D2220 CHCADMIN604A Manage the finances, accounts and resources of an organisation Unit of competency