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


Course Contact: Maurice Sheridan

Course Contact Phone: +61 3 9925 5455

Course Contact Email:

Course Description

This unit covers the preparation of comprehensive budgets for a Manufacturing business as well as various budget schedules used to provide management with alternatives that enable them to reach decisions regarding the future operations of the business. Students will be expected to know the various costing methods available to management and make an assessment as to the validity of each method.

Pre-requisite Courses and Assumed Knowledge and Capabilities


This course is clustered with ACCT 5258C Provide management accounting information (FNSACCT507B).

National Competency Codes and Titles

National Element Code & Title:

FNSACCT503B Manage budgets and forecasts


1. Prepare budgets

2. Forecast estimates

3. Document budget

4. Monitor budget outcomes

Learning Outcomes

Overview of Assessment

Assessment may incorporate a variety of methods including technical requirements documentation, homework, assignments, group and/or individual projects, in class exercises, written and practical tests, problem solving exercises, presentations, direct observation of actual and simulated work practice, presentation of a portfolio of evidence. 

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. Students will be provided with feedback throughout the course to check their progress.