A manager should have the skills and knowledge to
deal directly with the team members responsible for
the financial management and budgetary processes.
This program develops skills in planning, developing, implementing
and reviewing budgets and financial plans through consultation and
communication with the work team.
Duration
One day
Designed for
Managers, team leaders and supervisors who are required to develop and
manage budgets.
Content
• The work team and budgets
• Planning and budgeting
• Costing inputs and pricing outputs
• Production and sales budgets
• Accrual accounting
• Contingency plans
• Monitoring budget performance
Learning outcomes
• Track, monitor and control financial data
• Work with others involved in financial management from outside the team
• Use calculation skills associated with the presentation of financial data
• Apply problem solving skills
• Use a review process to improve financial management
Link to qualification
BSBFIM501A - 1 unit towards Diploma of Management.
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