Manage Financial Resources - Learner

PUAMAN007B – Manage financial resources

ADVANCED DIPLOMA

Overview

NOTE: There is an assessment book that accompanies this learner resource.  Please be sure to order the accompanying assessment book.  No extra charges apply for the assessment book.

Financial resources provide a means to an end. The process of managing financial resources involves establishing clear objectives, developing plans and budgets to predict and monitor the use of financial resources and the implementation of accountability arrangements.

This learner resource has been designed to assist an individual to gain the skills and knowledge required to manage financial resources in order to achieve organisational and operational objectives.

Target

audience

The target audience for this training are individuals within organisations who will be required to manage financial resources.

Nominal

duration

12 hours

Relationship to PUA units

This document is part of the support materials for the unit of competency, PUAMAN007B Manage Financial Resources. PUAMAN007B is a core unit in the Advanced Diploma of Public Safety (Firefighting Management).

Course
content

This learner resource is divided into three sections.

·         Section 1 commences by reviewing some of the language that underpins the two financial processes - budgeting and accounting. The section also includes the management of financial resources to achieve objectives, accounting practices and the use of key accrual statements.

·         Section 2 examines the legal and policy environment within which financial resources are managed and the guidelines that shape organisational budgetary processes. This section outlines how to manage and evaluate major cost items and how to build, analyse and respond to changes in the budget. Additional topics included are assessing performance and use of information management systems.

·         Section 3 identifies the enduring realities of public sector financial resource management including the allocation of funds and the monitoring and reporting of their expenditure. The material also focuses on how to ensure optimum service delivery and the re-allocation of resources.

Learning objectives

On completion of PUAMAN007B, participants will be able to:

·         develop a budget

·         allocate, authorise and monitor expenditure

·         utilise relevant financial management information systems.