This unit describes the performance outcomes, skills and knowledge required to analyse financial and other business information to prepare and monitor budgets. It requires the ability to draft and negotiate budgets, identify deviations and manage the delivery of successful budgetary performance.
This unit applies to all tourism, hospitality and event sectors and the budget may be for an entire organisation, for a department or for a particular project or activity.
It applies to senior personnel who operate independently or with limited guidance from others and who are responsible for making a range of financial management decisions.
Mapping | Notes | Date |
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Is superseded by and equivalent to SITXFIN004 - Prepare and monitor budgets | • Equivalent • Unit updated to meet the Standards for Training Packages. | 02/Mar/2016 |
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