Bsbm501a Financial Plans

HMBFP: Manage Budgets and
Financial Plans
Student Guide

BSBFIM501A: Manage Budgets and Financial Plans
Elements of competence
Plan financial management approaches
Implement financial management approaches
Monitor and control finances
Review and evaluate financial management processes

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BSB51107 Diploma of Management
MODULE DESCRIPTION
This core module describes the skills and knowledge required to undertake financial management within a work team in an organisation, including the performance outcomes. This includes the planning and implementation of financial management approaches, supporting team members, whose role involves aspects of financial operations, monitoring and controlling finances as well as the reviewing
have sought an aggressive advertising campaign in October to invigorate lost clientele, $16,000
Due to advertising campaign, PMC are recruiting two new consultants in
October. This will add 30% to November’s and December’s payroll and
$10,000 in recruitment and training during October and result in increased business (40% November and December). purchasing a licence to deliver an innovative training program in November for $20,000 have contractual agreements in January and February that will generate
$32,000 in sales three employees on annual leave will have 50% impact on sales in
November
conducting a professional development week for all staff in December
$18,000 and Financial Plans Student Guide v 2.0 August 2010
HMBFP Manage Budgets employee bonuses due in December, anticipate $16,000.

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BSB51107 Diploma of Management
Proactive Management Consultants Pty Ltd - Financial Data - July to December 200X
Jul 0X

Budget

$ Over Budget

% of Budget

Aug 0X

Budget

$ Over Budget

Ordinary