Unit of competency Outline
Date retreived
22/07/2026 1:14 PM AWST
22/07/2026 1:14 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 financial resources in a gas industry facility
Manage financial resources in a gas industry facility
Unit of competency
National Code
UEGNSG123B
UEGNSG123B
State Code
S8152
S8152
TGA Status
Replaced
Replaced
DTWD Status
Replaced
Replaced
State Implementation and Classification
Approved Date
07/04/2014
Field of Education
080399 - Business And Management, N.e.c.
Original Release Date
07/04/2014
Nominal Hours
108
Description
1) Scope:1.1) DescriptorThis Unit covers the requirements to manage financial resources to achieve organisational and operational objectives. This competency standard refers to Budget formats; Operating budget; Policy; Financial reports; Management information systems.
Notes
Elements and Performance Criteria
1 Develop a budget
- 1.1 Budget format is determined and consistent with organisational guidelines and procedures, cost elements are identified and quantified and cost benefit analyses are prepared for major cost items in accordance with the organisations policy and procedures
- 1.2 Sub-budgets prepared by other staff are coordinated in order that desired objectives are achieved
- 1.3 Organisational established procedures on policies and specifications are obtained or established with the appropriate persons
- 1.4 Testing parameters are established from organisational established procedures on policies and specifications
- 1.5 Testing procedures are discussed with appropriate persons in order to ascertain the project brief
- 1.6 Cost benefit analysis are prepared for major cost items in accordance with the organisation's policy and procedures
- 1.7 Work roles and tasks are allocated according to requirements and individual's competencies
- 1.8 Work is prioritised and sequenced for the most effective outcome, completed within an acceptable timeframe to a quality standard and in accordance with established procedures
- 1.9 Sub-budgets prepared by other staff are coordinated in order that desired objectives are achieved
- 1.10 Liaison and communication issues with authorised persons, authorities and resolved and activities coordinated to carry out work
- 1.11 Risk control measures are identified, prioritised and evaluated against the work schedule
2 Allocate, authorise and monitor expenditure
- 2.1 Financial resources are allocated as agreed in the operational plan and is monitored to ensure that expenditure management meets the financial accountability requirements of the organisation
- 2.2 Supply and expenditure processes are performed in accordance with corporate governance and organisational protocols and procedures
- 2.3 Mathematical models are used to analyse the financial reports as per requirements and established procedures
- 2.4 Sub-budgets and financial allocation is continually monitored against organisational objectives and priorities ensuring optimum service delivery
- 2.5 Essential Knowledge and Associated Skills are applied to analyse specific data and compare it with compliance specifications to ensure completion of the project within an agreed timeframe according to requirements
- 2.6 Re-allocation of resources is undertaken taking into account of enterprises needs and priorities
- 2.7 Work teams are arranged to ensure planned goals are met according to established procedures
- 2.8 Solutions to non-routine problems are identified and actioned, according to requirements, using acquired Essential Knowledge and Associated Skills,
- 2.9 Quality of work is monitored against personal performance agreement and established organisational and professional standards
- 2.10 Strategic plans are developed incorporating organisation initiatives as per established procedures
3 Utilise relevant financial management information systems and review budget management
- 3.1 Management information systems are used for planning, implementing and monitoring the use of financial resources in accordance with company policies and established procedures
- 3.2 Management information system reports are produced, verified and interpreted
- 3.3 Management of budget is reviewed in accordance with company policies and established procedures
- 3.4 Management of budget is reported in accordance with company policies and established procedures
- 3.5 Appropriate persons are notified of completion and reports and completion documents are finalised.
- 3.6 Reports and completion documents are submitted to relevant persons for approval and where applicable, statutory or regulatory approval
- 3.7 Approved copies of documents are issued and records are updated in accordance with established procedures
RANGE STATEMENT
10) This relates to the competency standard unit as a whole providing the range of contexts and conditions to which the Performance Criteria apply. It allows for different work environments and situations that will affect performance.
This Unit shall be demonstrated in relation to managing financial resources in a Gas Industry facility.
The following constants and variables included in the element/Performance Criteria in this unit are fully described in the Definitions Section of this volume and form an integral part of the Range Statement of this unit:
Budget formats
Operating budget
Policy
Financial reports
Management information systems
10) This relates to the competency standard unit as a whole providing the range of contexts and conditions to which the Performance Criteria apply. It allows for different work environments and situations that will affect performance.
This Unit shall be demonstrated in relation to managing financial resources in a Gas Industry facility.
The following constants and variables included in the element/Performance Criteria in this unit are fully described in the Definitions Section of this volume and form an integral part of the Range Statement of this unit:
Budget formats
Operating budget
Policy
Financial reports
Management information systems
EVIDENCE GUIDE
9) The Evidence Guide forms an integral part of this Unit and shall be used in conjunction with all components parts of this unit and performed in accordance with the Assessment Guidelines of this Training Package.
Overview of Assessment
9.1)
such as Profiling, require data to be reliably gathered in a form that can be consistently interpreted over time. This approach is best utilised in Apprenticeship programs and reduces assessment intervention. It is the Industry’s preferred model for apprenticeships. However, where summative (or final) assessment is used it is to include the application of the competency in the normal work environment or, at a minimum, the application of the competency in a realistically simulated work environment. It is recognised that, in some circumstances, assessment in part or full can occur outside the workplace. However, it must be in accord with industry and regulatory policy in this regard.
Methods chosen for a particular assessment will be influenced by various factors. These include the extent of the assessment, the most effective locations for the assessment activities to take place, access to physical resources, additional safety measures that may be required and the critical nature of the competencies being assessed.
The critical safety nature of working with electricity, electrical equipment, gas or any other hazardous substance/material carries risk in deeming a person competent. Hence, sources of evidence need to be ‘rich’ in nature so as to minimise error in judgment.
Activities associated with normal every day work have a bearing on the decision as to how much and how detailed the data gathered will contribute to its ‘richness’. Some skills are more critical to safety and operational requirements while the same skills may be more or less frequently practised. These points are raised for the assessors to consider when choosing an assessment method and developing assessment instruments. Sample assessment instruments are included in the Assessment Guidelines of this Training Package.
Critical aspects of evidence required to demonstrate competency in this unit
9.2)
Before the critical aspects of evidence are considered all prerequisites shall be met.
Evidence for competence in this unit shall be considered holistically. Each element and associated Performance Criteria shall be demonstrated on at least two occasions in accordance with the ‘Assessment Guidelines — UEG11’. Evidence shall also comprise:
A representative body of Performance Criteria demonstrated within the timeframes typically expected of the discipline, work function and industrial environment. In particular this shall incorporate evidence that shows a candidate is able to:
Implement Occupational Health and Safety workplace procedures and practices including the use of risk control measures as specified in the Performance Criteria and range
Apply sustainable energy principles and practices as specified in the Performance Criteria and range
Demonstrate an understanding of the essential knowledge and associated skills as described in this unit to such an extent that the learner’s performance outcome is reported in accordance with the preferred approach; namely a percentile graded result, where required by the regulated environment
Demonstrate an appropriate level of employability skills
Conduct work observing the relevant Anti discrimination legislation, regulations, polices and workplace procedures
Demonstrate performance across a representative range of contexts from the prescribed items below:
Range of tools/equipment/procedures/workplace
Group No
The minimum number of items on which skill is to be demonstrated
Item List
A
At least 1
Budget formats:
Zero based budgeting
Program budgeting
Line item budgeting
B
All
Operating budget:
Staffing costs
Capital expenditure/income
Recurrent expenditure/income
Forward estimates
Cash flow
C
All
Policy:
Supply
Procurement
Expenditure
Audit
Reporting and recording policies
D
At least 1
Financial reports:
Annual reports
Program financial statements
Accrual reports
Monthly/quarterly financial reports
E
At least 6
Management information systems:
Computers
Communication channels
Records management data
Procedures
Protocol
Legislation
Guidelines and awards
Organisation, legal and policy materials
Client information
Market trends
Registry and file records
Financial records
Basic statistical information
F
At least one occasion
Deal with an unplanned event by drawing on essential knowledge and associated skills to provide appropriate solutions incorporated in the holistic assessment with the above listed items
Context of and specific resources for assessment
9.3)
This unit should be assessed as it relates to normal work practice using procedures, information and resources typical of a workplace. This should include:
OHS policy and work procedures and instructions.
Suitable work environment, facilities, equipment and materials to undertake actual work as prescribed by this Unit.
Appropriate environmental regulation and work practices.
Appropriate organisational requirements.
Appropriate work environment, equipment and tools.
In addition to the resources listed above, in Context of and specific resources for assessment, evidence should show demonstrated competency of managing financial resources in a Gas Industry facility.
Assessment of this competency must also be undertaken in either an actual workplace or under a simulated work environment. Assessment must also integrate the employability skills.
Method of assessment
9.4)
This Unit shall be assessed by methods given in Volume 1, Part 3 ‘Assessment Guidelines’.
Note: Competent performance with inherent safe working practices is expected in the Industry to which this Unit applies. This requires that the specified Essential Knowledge and Associated Skills are assessed in a structured environment which is primarily intended for learning/assessment and incorporates all necessary equipment and facilities for learners to develop and demonstrate the Essential Knowledge and Associated Skills described in this unit.
Concurrent assessment and relationship with other units
9.5)
There are no recommended concurrent assessments with this unit, however in some cases efficiencies may be gained in terms of learning and assessment effort being concurrently managed with allied Units where listed.
UEGNSG117B
Plan and implement the data acquisition and metering requirements of a gas system
UEGNSG118B
Select and commission equipment to meet pressure and temperature control specifications
UEGNSG119B
Manage workplace risk
UEGNSG120B
Manage gas system environmental compliance
UEGNSG121B
Prepare and design specifications for a gas system
UEGNSG115B
Manage gas system projects
UEGNSG122B
Manage a customer service gas business unit
UEGNSG116B
Manage physical resources
9) The Evidence Guide forms an integral part of this Unit and shall be used in conjunction with all components parts of this unit and performed in accordance with the Assessment Guidelines of this Training Package.
Overview of Assessment
9.1)
such as Profiling, require data to be reliably gathered in a form that can be consistently interpreted over time. This approach is best utilised in Apprenticeship programs and reduces assessment intervention. It is the Industry’s preferred model for apprenticeships. However, where summative (or final) assessment is used it is to include the application of the competency in the normal work environment or, at a minimum, the application of the competency in a realistically simulated work environment. It is recognised that, in some circumstances, assessment in part or full can occur outside the workplace. However, it must be in accord with industry and regulatory policy in this regard.
Methods chosen for a particular assessment will be influenced by various factors. These include the extent of the assessment, the most effective locations for the assessment activities to take place, access to physical resources, additional safety measures that may be required and the critical nature of the competencies being assessed.
The critical safety nature of working with electricity, electrical equipment, gas or any other hazardous substance/material carries risk in deeming a person competent. Hence, sources of evidence need to be ‘rich’ in nature so as to minimise error in judgment.
Activities associated with normal every day work have a bearing on the decision as to how much and how detailed the data gathered will contribute to its ‘richness’. Some skills are more critical to safety and operational requirements while the same skills may be more or less frequently practised. These points are raised for the assessors to consider when choosing an assessment method and developing assessment instruments. Sample assessment instruments are included in the Assessment Guidelines of this Training Package.
Critical aspects of evidence required to demonstrate competency in this unit
9.2)
Before the critical aspects of evidence are considered all prerequisites shall be met.
Evidence for competence in this unit shall be considered holistically. Each element and associated Performance Criteria shall be demonstrated on at least two occasions in accordance with the ‘Assessment Guidelines — UEG11’. Evidence shall also comprise:
A representative body of Performance Criteria demonstrated within the timeframes typically expected of the discipline, work function and industrial environment. In particular this shall incorporate evidence that shows a candidate is able to:
Implement Occupational Health and Safety workplace procedures and practices including the use of risk control measures as specified in the Performance Criteria and range
Apply sustainable energy principles and practices as specified in the Performance Criteria and range
Demonstrate an understanding of the essential knowledge and associated skills as described in this unit to such an extent that the learner’s performance outcome is reported in accordance with the preferred approach; namely a percentile graded result, where required by the regulated environment
Demonstrate an appropriate level of employability skills
Conduct work observing the relevant Anti discrimination legislation, regulations, polices and workplace procedures
Demonstrate performance across a representative range of contexts from the prescribed items below:
Range of tools/equipment/procedures/workplace
Group No
The minimum number of items on which skill is to be demonstrated
Item List
A
At least 1
Budget formats:
Zero based budgeting
Program budgeting
Line item budgeting
B
All
Operating budget:
Staffing costs
Capital expenditure/income
Recurrent expenditure/income
Forward estimates
Cash flow
C
All
Policy:
Supply
Procurement
Expenditure
Audit
Reporting and recording policies
D
At least 1
Financial reports:
Annual reports
Program financial statements
Accrual reports
Monthly/quarterly financial reports
E
At least 6
Management information systems:
Computers
Communication channels
Records management data
Procedures
Protocol
Legislation
Guidelines and awards
Organisation, legal and policy materials
Client information
Market trends
Registry and file records
Financial records
Basic statistical information
F
At least one occasion
Deal with an unplanned event by drawing on essential knowledge and associated skills to provide appropriate solutions incorporated in the holistic assessment with the above listed items
Context of and specific resources for assessment
9.3)
This unit should be assessed as it relates to normal work practice using procedures, information and resources typical of a workplace. This should include:
OHS policy and work procedures and instructions.
Suitable work environment, facilities, equipment and materials to undertake actual work as prescribed by this Unit.
Appropriate environmental regulation and work practices.
Appropriate organisational requirements.
Appropriate work environment, equipment and tools.
In addition to the resources listed above, in Context of and specific resources for assessment, evidence should show demonstrated competency of managing financial resources in a Gas Industry facility.
Assessment of this competency must also be undertaken in either an actual workplace or under a simulated work environment. Assessment must also integrate the employability skills.
Method of assessment
9.4)
This Unit shall be assessed by methods given in Volume 1, Part 3 ‘Assessment Guidelines’.
Note: Competent performance with inherent safe working practices is expected in the Industry to which this Unit applies. This requires that the specified Essential Knowledge and Associated Skills are assessed in a structured environment which is primarily intended for learning/assessment and incorporates all necessary equipment and facilities for learners to develop and demonstrate the Essential Knowledge and Associated Skills described in this unit.
Concurrent assessment and relationship with other units
9.5)
There are no recommended concurrent assessments with this unit, however in some cases efficiencies may be gained in terms of learning and assessment effort being concurrently managed with allied Units where listed.
UEGNSG117B
Plan and implement the data acquisition and metering requirements of a gas system
UEGNSG118B
Select and commission equipment to meet pressure and temperature control specifications
UEGNSG119B
Manage workplace risk
UEGNSG120B
Manage gas system environmental compliance
UEGNSG121B
Prepare and design specifications for a gas system
UEGNSG115B
Manage gas system projects
UEGNSG122B
Manage a customer service gas business unit
UEGNSG116B
Manage physical resources
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| S5317 | UEGNSG123A | Manage financial resources in Gas Industry facility | Unit of competency |
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| OAD27 | UEGNSG123 | Manage financial resources in a gas industry facility | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| D736 | UEG60211 | Advanced Diploma of Gas Supply Industry Operations | Qualification |
| J837 | UEG60114 | Advanced Diploma of Gas Supply Industry Operations | Qualification |