Course Title: Manage budgets and forecasts

Part A: Course Overview

Program: C5178

Course Title: Manage budgets and forecasts

Portfolio: BUS

Nominal Hours: 50.0

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Course Code




Learning Mode

Teaching Period(s)


City Campus


650T TAFE Business


Term1 2008

Course Contact: Ian Nash

Course Contact Phone: +61 3 9925 5733

Course Contact Email:

Course Description

This unit covers the competency to prepare and manage budgets and forecasts.

Pre-requisite Courses and Assumed Knowledge and Capabilities

This Unit of Competency is taught in conjunction with:

FNSACCT507A Provide management accounting information [ACCT 5200C]

National Competency Codes and Titles

National Element Code & Title:

FNSACCT503A Manage budgets and forecasts


Document budget

Forecast estimates

Monitor budget outcomes

Prepare budgets

Learning Outcomes

Please refer to Elements of Competency.

Overview of Assessment

The student must demonstrate an understanding of all elements of a particular competency to be deemed competent. Assessment methods have been designed to measure achievement of each competency in a flexible manner over a range of assessment tasks.
Assessment will incorporate a variety of methods including technical requirements documentation, homework and in class exercises, written tests, practical problem solving exercises, presentations and practical tests. Students are advised that they are likely to be asked to personally demonstrate their assessment work to their teacher to ensure that the relevant competency standards are being met.

The written tests will focus on the student’s practical ability to solve problems and provide meaningful solutions to a set of questions asked of them for the work completed up to the time of the test. The exam is a test of the students overall understanding of and competency in the material presented and as such, to some extent, is an opportunity for students to demonstrate competency that may not have been initially shown in the two written tests.