Manage Budgets And Financial Plans

This course aims at providing you with the skills and knowledge required to undertake financial management in an organisation or work area. It includes planning and implementing financial management approaches and supporting and evaluating effectiveness of financial management processes.

The course applies to managers in a wide range of organisations and sectors who have responsibility for the effective use of financial resources within work teams. They are responsible for ensuring that financial resources are managed in line with the financial objectives of the team and organisation.

Learning Outcomes:

After completion of the course, you should have the knowledge and skills to:

• Plan financial management approaches.
• Implement and monitor financial management plans.
• Review and evaluate financial management plans.
• Communicate with relevant people to clarify budget and financial plans, negotiate changes and disseminate information.
• Prepare, implement, and modify financial contingency plans.
• Monitor expenditure and control costs.
• Support and monitor team members.
• Report on budget and expenditure.
• Review and make recommendations for improvements to financial processes.
• Meet record-keeping requirements for Australian Taxation Office (ATO) and for auditing purposes.
• Apply basic accounting principles
• Apply principles and techniques involved in managing:
  •  budgeting
  • cash flows
  • electronic spreadsheets
  • Goods and Services Tax
  • ledgers and financial statements
  • profit and loss statements
  • evaluation of budget and financial plans.