Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners

SISXFAM003 Mapping and Delivery Guide
Develop and review budgets for activities or projects

Version 1.0
Issue Date: May 2024


Qualification -
Unit of Competency SISXFAM003 - Develop and review budgets for activities or projects
Description
Employability Skills
Learning Outcomes and Application
Duration and Setting X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting.
Prerequisites/co-requisites
Competency Field
Development and validation strategy and guide for assessors and learners Student Learning Resources Handouts
Activities
Slides
PPT
Assessment 1 Assessment 2 Assessment 3 Assessment 4
Elements of Competency Performance Criteria              
Element: Source data for budget preparation.
  • Access and interpret financial data and information about resources required to conduct the activity.
  • Confirm overall budget allocation for the activity with relevant personnel.
  • Identify potential sources and scope of activity revenue.
       
Element: Prepare budget calculations.
  • Calculate realistic projections of revenue and expenditure based on data and information obtained.
  • Determine unit cost and sale value of product or service and calculate break-even point.
  • Identify and plan for likely contingencies.
       
Element: Prepare budget documentation.
  • Prepare draft budget according to organisational format.
  • Identify and support revenue and expenditure estimates with current and valid information.
  • Submit budget for approval within designated timelines.
  • Adjust budget in response to feedback from designated personnel.
       
Element: Review budget against actual results.
  • Compare actual revenue and expenditure to original budget using organisational data.
  • Identify variances from original budget and prepare and present accurate budget report to designated personnel.
  • Make recommendations for future budget planning.
  • Maintain accurate records to assist with the development of future budgets.
       

Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assignment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)


Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.
Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
Access and interpret financial data and information about resources required to conduct the activity. 
Confirm overall budget allocation for the activity with relevant personnel. 
Identify potential sources and scope of activity revenue. 
Calculate realistic projections of revenue and expenditure based on data and information obtained. 
Determine unit cost and sale value of product or service and calculate break-even point. 
Identify and plan for likely contingencies. 
Prepare draft budget according to organisational format. 
Identify and support revenue and expenditure estimates with current and valid information. 
Submit budget for approval within designated timelines. 
Adjust budget in response to feedback from designated personnel. 
Compare actual revenue and expenditure to original budget using organisational data. 
Identify variances from original budget and prepare and present accurate budget report to designated personnel. 
Make recommendations for future budget planning. 
Maintain accurate records to assist with the development of future budgets. 

Forms

Assessment Cover Sheet

SISXFAM003 - Develop and review budgets for activities or projects
Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

Signature:

Date:


Assessment Record Sheet

SISXFAM003 - Develop and review budgets for activities or projects

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: