Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
SITXFIN402 Mapping and Delivery Guide
Manage finances within a budget
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | SITXFIN402 - Manage finances within a budget |
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Description | This unit describes the performance outcomes, skills and knowledge required to take responsibility for budget management where others may have developed the budget. It requires the ability to interpret budgetary requirements, allocate resources, monitor actual income and expenditure and report on budgetary deviations.The skills and knowledge for budget development are found in unit SITXFIN501 Prepare and monitor budgets. | ||
Employability Skills | This unit contains employability skills. | ||
Learning Outcomes and Application | This unit applies to all tourism, hospitality and event sectors and the budget may be for an entire organisation, for a department or for a particular project or activity.It applies to those people who operate independently or with limited guidance from others. This includes supervisors and departmental managers. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
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Prerequisites/co-requisites | Not applicable. | ||
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 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Allocate budget resources. |
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Element: Monitor financial activities against budget. |
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Element: Identify and evaluate options for improved budget performance. |
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Element: Complete financial and statistical reports. |
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