BSBFIM501 Manage budgets and financial plans Release 1 describes the skills and knowledge required toundertake financial management within a work team in an organisation. It includes information on how to:
plan financial management approaches
implement financial management approaches
monitor and control finances
review and evaluate financial management processes.
It contains learning content, case studies and examples, practice tasks and learning checkpoints. Final assessment activities cover all the unit of competency requirements and are suitable for workplace and classroom environments. There are spaces for learners to record their responses and for trainers or assessors to record their comments and observations.