It applies to individuals who have managerial responsibilities which include overseeing the management of financial and other resources across a business unit, a series of business units or teams, or an organisation. It covers all areas of broad financial management. In a larger organisation this work would be supported by specialists in financial management.
No licensing, legislative or certification requirements apply to this course.
This course is beneficial to delegates in the following sectors:
– Tourism, Travel and Hospitality Training
– Sport, Fitness and Recreation Training
– Creative Arts and Culture Training
– Community Services
– Business Services Training
– Australian Meat Processing Training
Upon completion of this course, participants will possess adequate skill in:
– Strategic Marketing Skill Set
– Service Management Skill Set
Finance – Financial Management.
Section 1: Plan for Financial Management
Section 2: Establish Budgets and Allocate Funds
Section 3: Implement Budgets
Section 4: Report on Finances
Evidence of the ability to:
– Plan for financial management.
– Read and review profit and loss statements, cash flows and aging summaries.
– Prepare, implement and revise a budget which aligns with the business plan, is based on research and analysis of previous financial data and cash flow trends, and meets all compliance requirements.
– Contribute to financial bids and estimates.
– Establish a budget and allocate funds in accordance with statutory and organisational requirements.
– Communicate with other people including:
* reporting on financial activity and making recommendations.
* identifying and prioritising significant issues.
* ensuring managers and supervisors are clear about budgets.
– Analyse the effectiveness of existing financial management approaches including reviewing financial management software, managing risks of misappropriation of funds, ensuring systems are in place to record all transactions, maintaining an audit trail and complying with due diligence.