Unit of competency Outline
Date retreived
22/07/2026 9:24 AM AWST
22/07/2026 9:24 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.
Support the development and management of budgets
Support the development and management of budgets
Unit of competency
National Code
DEFFIN024
DEFFIN024
State Code
BBD20
BBD20
TGA Status
Current
Current
DTWD Status
Approved
Approved
State Implementation and Classification
Approved Date
21/02/2018
Field of Education
081199 - Banking, Finance And Related Fields, N.e.c.
Original Release Date
21/02/2018
Nominal Hours
0
Description
This unit describes the skills required to provide support to the budgeting process.This unit applies to those working in the public sector Finance Domain who would be required to undertake budgeting.The skills and knowledge described in this unit must be applied within the legislative, regulatory and policy environment in which they are carried out. Organisational policies and procedures must be consulted and adhered to, particularly those related to financial administration.Those undertaking this unit would be work independently or as part of a team, under supervision. They must be able to use discretion and judgement and take responsibility for the quality of their outputs. They would perform routine tasks in familiar context.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1 Support budget development
- 1.1 Confirm budget is realistic and achievable and represents the business plan
- 1.2 Conduct discussions and negotiations with stakeholders in a professional manner
2 Set budget timeframe
- 2.1 Identify and include milestones and performance indicators in budget
- 2.2 Provide phasings of current and next financial year budget
3 Document budget
- 3.1 Present data in the correct format
- 3.2 Highlight any risks affecting budget achievement
- 3.3 Complete and distribute reports within specified timelines
4 Monitor resource utilisation against budget
- 4.1 Monitor performance to identify actual and/or potential variance to budget
- 4.2 Provide reasons for variance
- 4.3 Provide revised End of Period Forecast identifying and quantifying risks to budget achievement
- 4.4 Take action to minimise negative impact of variance
No information
No information
No information
| State Code | National Code | Title | Type |
|---|---|---|---|
| BDK9 | DEF40817 | Certificate IV in Defence Financial Administration | Qualification |