Unit of competency Outline
Date retreived
22/07/2026 3:21 PM AWST
22/07/2026 3:21 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.
Oversee the organisation's annual budget
Oversee the organisation's annual budget
Unit of competency
National Code
BSBATSIM414C
BSBATSIM414C
State Code
D4847
D4847
TGA Status
Replaced
Replaced
DTWD Status
Replaced
Replaced
State Implementation and Classification
Approved Date
09/07/2014
Field of Education
080307 - Organisation Management
Original Release Date
09/07/2014
Nominal Hours
40
Description
This unit describes the performance outcomes, skills and knowledge required to develop and implement the annual budget and enable the board to control the finances of the organisation.Some aspects of governance activities may be subject to legislation, rules, regulations and codes of practice relevant to different job roles and jurisdictions.
Notes
Elements and Performance Criteria
1. Gather and analyse relevant budget information
- 1.1. Establish a budget working group
- 1.2. Review and analyse previous year's budget performance
- 1.3. Gather budget planning information from relevant sources
- 1.4. Identify priorities in relation to the organisation's vision and plans
2. Identify and document income and expenditure
- 2.1. Identify known sources of income
- 2.2. Identify new sources of income and amounts for new activities
- 2.3. Review expenditure for existing operations
- 2.4. Estimate expenditure for new initiatives and expansions
- 2.5. Identify potential problem areas
- 2.6. Ensure procedures are in place to document all identified items in a readily accessible and useful format
3. Oversee budget preparation
- 3.1. Contribute to budget development
- 3.2. Review budget documentation and clarify where required
- 3.3. Review draft budgets and propose modifications if required
- 3.4. Ensure contingency plans are included in the budget
4. Review and finalise budget
- 4.1. Ensure expenditure commitments are in line with the final income figures
- 4.2. Work with other board members and management to finalise and approve the annual budget
- 4.3. Present the final annual budget to the community
- 4.4. Review and update the budget regularly
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. Bold italicised wording, if used in the performance criteria, is detailed below. 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) may also be included.
Budget working group may include:
board subcommittee together with senior management and staff
community members
Elders
external expertise
traditional owners.
Budget performance may relate to:
budget variances, such as under or over-expenditure
revenue and expenditure targets.
Relevant sources may include:
accountant
audited financial statements
business manager
funding bodies
treasurer
quotes.
Income may include:
enterprise operations
grant funds
interest on investments
royalties and other payments
service contracts.
Expenditure may relate to:
administration
capital requirements
consultants
distributions
repair and maintenance
salaries
vehicle costs.
Potential problem areas may include:
administration costs
commercial activities
consultancy fees
salary costs
utility costs
vehicle and travel expenses.
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. 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) may also be included.
Budget working group may include:
board subcommittee together with senior management and staff
community members
Elders
external expertise
traditional owners.
Budget performance may relate to:
budget variances, such as under or over-expenditure
revenue and expenditure targets.
Relevant sources may include:
accountant
audited financial statements
business manager
funding bodies
treasurer
quotes.
Income may include:
enterprise operations
grant funds
interest on investments
royalties and other payments
service contracts.
Expenditure may relate to:
administration
capital requirements
consultants
distributions
repair and maintenance
salaries
vehicle costs.
Potential problem areas may include:
administration costs
commercial activities
consultancy fees
salary costs
utility costs
vehicle and travel expenses.
EVIDENCE GUIDE
The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.
Overview of assessment
Critical aspects for assessment and evidence required to demonstrate competency in this unit
Evidence of the ability to:
identify typical information to be included in a budget
recognise when a budget indicates that expenditure is greater than income, and suggest modifications that would bring it into balance
prepare a balanced budget in collaboration with others that meets the board's identified needs.
Context of and specific resources for assessment
Assessment must ensure:
access to examples of budgets
access to examples of relevant documents
access to examples of projects that might be undertaken by a board
knowledge and performance are assessed over time to confirm consistency in performance.
Method of assessment
A range of assessment methods should be used to assess practical skills and knowledge. The following examples are appropriate for this unit:
analysis of responses to case studies and scenarios
direct questioning combined with reflection of practical performance by the candidate
observation of performance on a board or simulated board
observation of performance in role plays
observation of presentations
oral or written questioning to assess knowledge.
Guidance information for assessment
Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended, for example:
BSBATSIM418A Oversee financial management.
The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.
Overview of assessment
Critical aspects for assessment and evidence required to demonstrate competency in this unit
Evidence of the ability to:
identify typical information to be included in a budget
recognise when a budget indicates that expenditure is greater than income, and suggest modifications that would bring it into balance
prepare a balanced budget in collaboration with others that meets the board's identified needs.
Context of and specific resources for assessment
Assessment must ensure:
access to examples of budgets
access to examples of relevant documents
access to examples of projects that might be undertaken by a board
knowledge and performance are assessed over time to confirm consistency in performance.
Method of assessment
A range of assessment methods should be used to assess practical skills and knowledge. The following examples are appropriate for this unit:
analysis of responses to case studies and scenarios
direct questioning combined with reflection of practical performance by the candidate
observation of performance on a board or simulated board
observation of performance in role plays
observation of presentations
oral or written questioning to assess knowledge.
Guidance information for assessment
Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended, for example:
BSBATSIM418A Oversee financial management.
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| D0591 | BSBATSIM414B | Oversee the organisation's annual budget | Unit of competency |
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| AUH92 | BSBATSIM414 | Oversee the organisation's annual budget | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| W904 | BSB41910 | Certificate IV in Business (Governance) | Qualification |