Course Title: Develop a budget

Part B: Course Detail

Teaching Period: Term2 2012

Course Code: ACCT5275C

Course Title: Develop a budget

School: 345T Media and Communication

Campus: City Campus

Program: C5231 - Diploma of Audiovisual Technology

Course Contact : Program Administration

Course Contact Phone: 03 9925 4815

Course Contact

Name and Contact Details of All Other Relevant Staff

Teacher: Rebekha Naim
Phone: 03 9925 4345

Nominal Hours: 30

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.

Pre-requisites and Co-requisites

No pre-requisites or co-requistes are required.

Course Description

This unit describes the skills and knowledge required to develop a budget. The nature and purpose of the budget will relate to your project, and focuses on the key skills of analysing financial information to inform the budget development process and the actual development of a budget.

National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

CUEFIN01C Develop a budget


1.Plan for a budget

Performance Criteria:

1.1 Confirm the scope and nature of the activity for which budget is being developed with the appropriate personnel, including any guidelines or directives for budget development
1.2 Correctly identify, access and analyse data required for budget preparation
1.3 Analyse internal and external environmental factors to identify potential impacts on budget
1.4 Determine budget parameters with estimates, based on research, consultation and negotiation with the appropriate personnel and organisation/project objectives
1.5 Provide relevant colleagues with the opportunity to contribute to the budget planning process


2.Develop and prepare budget

Performance Criteria:

2.1 Draft budget based on analysis of all available information and in accordance with organisational policy
2.2 Clearly identify and support income and expenditure estimates with valid, reliable and relevant information
2.3 Assess and present options when appropriate
2.4 Present recommendations clearly, concisely and in an appropriate format
2.5 Circulate draft budget to the appropriate personnel for comment at the appropriate time
2.6 Agree and incorporate modifications accurately and in consultation with Colleagues
2.7 Negotiate final budget in accordance with organisational procedures and policies
2.8 Complete the final budget in required format within an agreed timeframe
2.9 Inform appropriate personnel of the budget and its application within the relevant area of responsibilities

Learning Outcomes

On successful completion of this unit, you will be able to plan for a budget then prepare the budget for a small production.

Details of Learning Activities

In class learning activities include, but are not limited to:
• lectures
• group discussion
• teacher directed group activities/projects
• work shopping of students’ own projects

Out of class activities include, but are not limited to:
• online research
• independent project based work

Teaching Schedule

Teaching schedule
Please note: While your teacher will cover all the material in this schedule, the weekly order is subject to change depending on class needs and availability of speakers and resources.


Week Class Content Elements
Week 1 Focus: Course outline, introduction to the course guide, resources, assessment tasks and expectations.
Includes: Lecture and group discussion.
1 & 2
Week 2 Focus: Budget Theory and application to AV. Terminology and industry practices.
Includes: Lecture and group discussion.
1 & 2
Week 3 Formative assessment; Crewing exercise.
Includes: Teacher directed group activities and work shopping of student’s own project.
1 & 2
Week 4 Formative assessment; Conference exercise.
Includes: Teacher directed group activities and work shopping of student’s own project.
1 & 2
Week 5 Focus: Theory test revision
Includes: Lecture and group discussion
1 & 2
Week 6 Formative assessment; Theory test 1 & 2
Week 7 Focus: Overview of unit.
Includes: Lecture and group discussion.
1 & 2
Week 8 Focus: Individual feedback on formative assessments.
Includes: 1 on 1 sessions with your teacher
1 & 2

Learning Resources

Prescribed Texts

Please refer to the relevant URL links, guides and references in the course Blackboard site and World Wide Web.


You are advised to look at the course Blackboard site for ongoing updated information. Students are expected to make full use of University library facilities, in researching and developing event budgeting techniques.

Other Resources

It is recommended that you bring materials to classes and productions to make notes, for example;
• a pen and notepaper
• a laptop computer with word and excel type programs, if you have access to one.

Overview of Assessment

Critical aspects of assessment and evidence required to demonstrate competency in this unit are:
Understanding of the technical budget preparation process and accounting procedures that must be followed
Sound analysis of the factors that impact on the budget development process preparation of a realistic and accurate budget within the relevant workplace context

Assessment Tasks

Assessment tasks in this course are either formative or summative. Formative tasks provide the basis for ongoing feedback and can be considered as essential building blocks for the more substantial summative assessment tasks. Summative assessment tasks in this unit are graded.

For further information on the assessments and grading criteria, please refer to the course Blackboard site.

To demonstrate competency in this course, you will need to complete each one of the following pieces of assessment to a satisfactory standard. You will receive feedback on all assessments and a grade for the summative assessment.

You will be assessed using the following methods:

Formative Assessment

1.    Crewing exercise. This is a class-based task, which looks at the allocation of crew, their roles, and hours of work on a given production. It is to be completed in Week 3.

2.    Conference exercise. This is a class-based task, which looks at the budget allocation and processes involved in the resources and requirements of a given conference. It is to be completed in Week 4.

3.    Theory test. You are expected to answer a range of multiple-choice, short and long answer questions related to the competency unit, class notes/discussions and the course material on blackboard. It is to be completed in Week 6.

Summative Assessment

A developed budget on a chosen production. You are required to produce a comprehensive Budget Folder on an Agreed Project, demonstrating preparation of a realistic and accurate budget within the relevant workplace context. Due in TAFE Week 17, Semester 2.
The details on these assessments and the grading criteria for this competency can be found on the course blackboard site.

Grades used in this unit are as follows:

Competent with High Distinction
CDI Competent with Distinction
CC Competent with Credit
CAG Competency Achieved Graded 
NYC Not yet Competent
DNS Did Not Submit for Assessment

Assessment Matrix

The assessment matrix demonstrated alignment of assessment tasks with the relevant Unit of Competency. These are available through the course contact in Program administration.

Other Information

Special consideration Policy (Late Submission)
All assessment tasks are required to be completed to a satisfactory level. If you are unable to complete any piece of assessment by the due date, you will need to apply for an extension.
Please refer to the following URL for extensions and special consideration:;ID=qkssnx1c5r0y;STATUS=A;PAGE_AUTHOR=Andrea%20Syers;SECTION=1;


Course Overview: Access Course Overview