BSB51107 Diploma of Management
Business Module Contents
All the modules contain competencies described in the BSB07 Business Training Package.
Financial management:
BSBFIM501A Manage Budgets and Financial Plans
This unit describes the performance outcomes, skills and knowledge required to undertake financial management within a work team in an organisation. This includes planning and implementing financial management approaches, supporting team members whose role involves aspects of financial operations, monitoring and controlling finances, and reviewing and evaluating effectiveness of financial management processes in line with the financial objectives of the work team and the organisation. No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement.