2997 version 4 28-Jun-16 1 of 4 HORTICULTURE RESOURCES MANAGEMENT Develop and manage financial systems and procedures for a defined horticulture operation level: 6 credit: 10 planned review date: June 2008 sub-field: Horticulture purpose: People credited with this unit standard will be able to – develop and implement a defined term financial management plan for a defined horticulture operation; and monitor the performance of that operation against the plan. entry information: Open. accreditation option: Evaluation of documentation and visit by NZQA, industry and teaching professional in the same field from another provider. moderation option: A centrally established and directed national moderation system has been set up by the Primary Industry Training Organisation. special notes: Case studies may be used as the basis for this unit standard. Elements and Performance Criteria element 1 Define horticulture operation planning factors. performance criteria 1.1 Factors which define the extent of planning activities are identified. Range: 1.2 purpose, scope, operating objectives. Period for which plan is to be developed is determined. New Zealand Qualifications Authority 2016 2997 version 4 28-Jun-16 2 of 4 HORTICULTURE RESOURCES MANAGEMENT Develop and manage financial systems and procedures for a defined horticulture operation 1.3 Assessment of external planning influences determines their effect on planning activities. Range: 1.4 New Zealand economy and market situation, export opportunities, availability and cost of labour and finance, availability and cost of services, industry trends. Assessment of internal planning influences determines their effect on planning activities. Range: expansion, diversification, change of production and management methods. element 2 Develop financial plans. performance criteria 2.1 Information obtained from focussed sources provides base data for application in plan development. Range: 2.2 historical, specialist, industry, research. Preparation of plan element projections are based on targets defined in operating objectives. Range: sales and revenue forecasts, direct production and operational costs, indirect costs, financial surplus generated and support required. 2.3 Where a generated surplus is identified, use of that surplus is defined. 2.4 Factors influencing use of external finance in plan implementation are identified and requirements determined. Range: sources, timing, cost implications. New Zealand Qualifications Authority 2016 2997 version 4 28-Jun-16 3 of 4 HORTICULTURE RESOURCES MANAGEMENT Develop and manage financial systems and procedures for a defined horticulture operation 2.5 Preparation and presentation of financial planning documentation conforms to accepted industry practice, and to the requirements of prospective external financiers where applicable. element 3 Establish financial control provisions and procedures. performance criteria 3.1 Budgets developed for allocation and use of finance provide clear points of reference for comparison of actual against planned expenditure. 3.2 Procedures defined for determining causes and responses to variances enable action to be taken within an identified time frame. 3.3 Changes required due to revision of objectives and targets, and non-predicted external influences, are incorporated in the plan. Comments on this unit standard Please contact Primary Industry Training Organisation http://www.primaryito.ac.nz if you wish to suggest changes to the content of this unit standard. Please Note Providers must be accredited by the Qualifications Authority or a delegated interinstitutional body before they can register credits from assessment against unit standards or deliver courses of study leading to that assessment. Industry Training Organisations must be accredited by the Qualifications Authority before they can register credits from assessment against unit standards. Accredited providers and Industry Training Organisations assessing against unit standards must engage with the moderation system that applies to those standards. New Zealand Qualifications Authority 2016 2997 version 4 28-Jun-16 4 of 4 HORTICULTURE RESOURCES MANAGEMENT Develop and manage financial systems and procedures for a defined horticulture operation Accreditation requirements and an outline of the moderation system that applies to this standard are outlined in the Accreditation and Moderation Action Plan (AMAP). The AMAP also includes useful information about special requirements for providers wishing to develop education and training programmes, such as minimum qualifications for tutors and assessors, and special resource requirements. This unit standard is covered by AMAP 0032 http://www.nzqa.govt.nz/site/framework/search.html. which can be accessed at New Zealand Qualifications Authority 2016