School: Western Australian Academy of Performing Arts

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

Please note that given the circumstances of COVID-19, there may be some modifications to the assessment schedule promoted in Handbook for Semester 1 2020 Units. Students will be notified of all approved modifications by Unit Coordinators via email and Unit Blackboard sites. Where changes have been made, these are designed to ensure that you still meet the unit learning outcomes in the context of our adjusted teaching and learning arrangements.

  • Unit Title

    Develop and manage a budget
  • Unit Code

    FNSORG501
  • Year

    2020
  • Enrolment Period

    1
  • Version

    1
  • Nominal Hours

    50
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online
  • Unit Coordinator

    Ms Leisa Marie LANDRE-ORD

Description

This unit describes the skills and knowledge required to collect and analyse information and apply sound accounting principles to the development and ongoing management of a budget for a small organisation or section of a large organisation. It applies to individuals who use a range of specialist and managerial techniques to plan, monitor and control budgetary work. No licensing, legislative or certification requirements apply to this unit at the time of publication.

Equivalent Rule

Supersedes and is equivalent to FNSORG501A - Develop and manage a budget

Elements

  • 1. Plan for and collect information for budget
  • 2. Develop budget
  • 3. Finalise budget and allocate resources
  • 4. Monitor and control budget
  • 5. Complete financial and statistical reports

Learning Experience

Students will attend on campus classes as well as engage in learning activities through ECU Blackboard.

JoondalupMount LawleySouth West (Bunbury)
Semester 1Not Offered14 x 2 hour seminarNot Offered

For more information see the Semester Timetable

Performance Evidence

Evidence of the ability to: - collect and accurately interpret relevant data to develop and finalise a budget - consult effectively and negotiate outcomes with others on budgetary issues - accurately complete financial and statistical reports related to budgeting. Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

Knowledge Evidence

To complete the evidence requirements safely and effectively, the individual must: - define basic accounting and financial services industry terminology - outline types of data required to develop the budget - explain accounting techniques relevant to budget preparation and maintenance - describe budgeting techniques and tools - describe organisational and industry policy and procedures related to budget development and management.

Assessment

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the organisational skills field of work and include access to: - a range of common office equipment, technology, software and consumables - an integrated financial software system and data. Assessors must satisfy NVR/AQTF assessor requirements.

Assessment

GS5 VET GRADING SCHEMA Used for WAAPA VET only

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.


Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

FNSORG501|1|1

School: Western Australian Academy of Performing Arts

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

Please note that given the circumstances of COVID-19, there may be some modifications to the assessment schedule promoted in Handbook for this unit. All assessment changes will be published by 27 July 2020. All students are reminded to check handbook at the beginning of semester to ensure they have the correct outline.

  • Unit Title

    Develop and manage a budget
  • Unit Code

    FNSORG501
  • Year

    2020
  • Enrolment Period

    2
  • Version

    1
  • Nominal Hours

    50
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online
  • Unit Coordinator

    Ms Leisa Marie LANDRE-ORD

Description

This unit describes the skills and knowledge required to collect and analyse information and apply sound accounting principles to the development and ongoing management of a budget for a small organisation or section of a large organisation. It applies to individuals who use a range of specialist and managerial techniques to plan, monitor and control budgetary work. No licensing, legislative or certification requirements apply to this unit at the time of publication.

Equivalent Rule

Supersedes and is equivalent to FNSORG501A - Develop and manage a budget

Elements

  • 1. Plan for and collect information for budget
  • 2. Develop budget
  • 3. Finalise budget and allocate resources
  • 4. Monitor and control budget
  • 5. Complete financial and statistical reports

Learning Experience

Students will attend on campus classes as well as engage in learning activities through ECU Blackboard.

JoondalupMount LawleySouth West (Bunbury)
Semester 1Not Offered14 x 2 hour seminarNot Offered

For more information see the Semester Timetable

Performance Evidence

Evidence of the ability to: - collect and accurately interpret relevant data to develop and finalise a budget - consult effectively and negotiate outcomes with others on budgetary issues - accurately complete financial and statistical reports related to budgeting. Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

Knowledge Evidence

To complete the evidence requirements safely and effectively, the individual must: - define basic accounting and financial services industry terminology - outline types of data required to develop the budget - explain accounting techniques relevant to budget preparation and maintenance - describe budgeting techniques and tools - describe organisational and industry policy and procedures related to budget development and management.

Assessment

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the organisational skills field of work and include access to: - a range of common office equipment, technology, software and consumables - an integrated financial software system and data. Assessors must satisfy NVR/AQTF assessor requirements.

Assessment

GS5 VET GRADING SCHEMA Used for WAAPA VET only

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.


Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

FNSORG501|1|2