Course Details
Financial Acumen Level 4: Manage Budgets and Finances (Blended) (Synchronous & Asynchronous e-Learning)
TPGateway Course Reference No.: TGS-2020503189
SYNOPSIS
This unit addresses the skills and knowledge required to manage budgets and finances within a people management/human capital environment. It covers budget creation, monitoring and the reporting of outcomes.
LEARNING OUTCOMES
- Create budgets for people management/human capital functions
- Monitor and control activities against financial plans
- Report on outcomes of budgets and financial plans
- Create budgets for human resource functions
- Access implementation plans to identify financial implications of resourcing requirements
- Access departmental budgets or projections to identify financial allocations information
- Develop human resource budget and communicate details to appropriate employees
- Produce reports from human resource information systems
- Develop processes to monitor and control expenditure and variances
- Monitor expenditure against budget requirements and analyse variances
- Take remedial action against any variances to minimise impact or maximise opportunity
- Provide training for users of the budget to ensure activities are controlled
- Report on outcomes of budgets and financial plans
- Use recording and documentation systems that meet audit requirements and legal obligations
- Produce accurate financial reports indicating actual versus budgeted figures
- Report any non-financial achievements in context of overall organisational performance
- Review and update future financial plans to optimise departmental performance
COURSE INFORMATION
Course Fee: $710.00 (before funding and GST)
Training Duration: 24 hours
Mode of Training: Virtual Learning
Funding Validity Period: 2/1/2020 – 1/1/2026
For NETT course fee, see Course Fee and Funding Information
