Unit of competency Outline

Date retreived
22/07/2026 7:22 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.

Develop and review budgets for activities or projects

Develop and review budgets for activities or projects

Unit of competency
National Code
SISXFIN001
State Code
AVD10
TGA Status
Replaced
DTWD Status
Transition (Replaced)
Current Release Number
1.00
Current Release Date
03/09/2015
View on TGA
State Implementation and Classification
Approved Date
14/04/2016
Field of Education
080101 - Accounting
Original Release Date
14/04/2016
Nominal Hours
40
Description
This unit describes the performance outcomes, skills and knowledge required to collect and prepare data to develop budgets for activities, events and programs.This unit applies to those with responsibility for activity budget development. Work is performed according to relevant legislation and organisational policies and procedures.No occupational licensing, certification or specific legislative requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Source data for budget preparation.
  • 1.1 Access and interpret data about resources required to conduct initiative.
  • 1.2 Confirm budget allocation for initiative with person responsible.
  • 1.3 Identify potential sources and scope of activity income.
2. Prepare budget calculations.
  • 2.1 Calculate realistic projections of income and expenditure based on data and information obtained.
  • 2.2 Determine unit cost or product price and break-even point.
  • 2.3 Record and maintain costing and income calculation system to ensure information is current, accurate and confidential.
  • 2.4 Identify and plan for likely contingencies.
3. Prepare budget documentation.
  • 3.1 Prepare draft budgets in established format from data obtained and calculations made.
  • 3.2 Identify and support income and expenditure estimates with current and valid information.
  • 3.3 Submit budget for approval within designated timelines.
  • 3.4 Adjust budget in response to feedback from nominated people.
4. Review budget against actual results.
  • 4.1 Compare original budget to actual results and identify variances and their reasons.
  • 4.2 Record and maintain information to allow retrieval for the development of future budgets.
  • 4.3 Review own work performance and identify potential improvements.
No information
No information
Replaces
State Code National Code Title Type
D6174 SISCCRO305A Develop a budget for a recreation initiative Unit of competency
Replaced By
State Code National Code Title Type
OEN46 SISXFAM003 Develop and review budgets for activities or projects Unit of competency