Reference no: EM131569861

1. As a project, for your organisation (or any of your preferred organisation) manage and monitor producing budget requirements, including the following:

Evidence of your financial skills working with budgets and financial planning, including relevant principles and techniques

The key requirements of financial record keeping and auditing, relevant legislation and current requirements of the Australian Taxation Office

Working with and supporting your team, assuming you have a team for the project

Produce a final budget(s) and financial plan which includes recommendations for presenting to the appropriate senior person(s) in your organisation.

2. Prepare a report discussing your budget(s) and financial plan for presenting to the appropriate senior person(s), with the aim of reviewing and making recommendations for improvements.

3. Create a draft contingency plan for your financial management system.

4. How would you communicate to your team members the relevant details of current budget/financial plans for carrying out work tasks, if you need to negotiate further changes to the budget/plans? Ensure this is done with the relevant person(s).

5. For your organisation’s financial planning requirements produce the following:

A flow chart to show how you review and evaluate financial management processes

A mind map to outline the planning approaches for financial management.

6. Provide information and evidence of monitoring processes that you would use at your place or work (or your preferred organisation), to ensure finances and budget are meeting their targets.