4950 version 4
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Manage and control telecommunications departmental budgets
Level
6
Credits
4
Purpose
This unit standard is for people who currently are, or will be, involved in
setting and implementing departmental budgets.
People assessed as competent in this unit standard are able to plan and
prepare budgets, and develop systems for the monitor and control of
budgets.
Subfield
Telecommunications
Domain
Telecommunications - Management and Operational
Support
Status
Registered
Status date
28 July 1995
Date version published
25 January 2008
Planned review date
31 December 2012
Entry information
Open.
Accreditation
Evaluation of documentation and visit by NZQA, industry
and teaching professional in the same field from another
provider.
Standard setting body (SSB)
ElectroTechnology Industry Training Organisation
Accreditation and Moderation Action Plan (AMAP) reference
0003
This AMAP can be accessed at http://www.nzqa.govt.nz/framework/search/index.do.
Special notes
None.
 New Zealand Qualifications Authority 2016
4950 version 4
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Elements and performance criteria
Element 1
Plan and prepare departmental budgets.
Performance criteria
1.1
Budget parameters are identified, and budgets are set in consultation with
relevant budget holders by the agreed time.
Range
1.2
revenue targets, resources requirements, accountabilities,
business plan items, adjustments to continuing projects.
Budgets include analysis of historical data, are accurate, and possibilities for
efficiencies and enhanced resource utilisation are identified and documented.
Range
revenue, expenditure, seasonal fluctuations, resources.
1.3
Budget negotiations are conducted and concluded in a manner that maintains
goodwill and trust, and budgets are agreed to be achievable by budgetholders.
1.4
Contributions and suggestions to control costs are encouraged, coordinated,
and communicated in an effective manner to budget holders.
Range
effective manner – written: letter, fax, memo, newsletter.
1.5
Recommendations for improving operational efficiency are received by
personnel with authority to initiate changes promptly.
1.6
Departmental budgets comply with agreed financial strategies and goals, are
recorded in the agreed format, and are available to authorised personnel.
Range
format – house style, Chart of Accounts code, project code, stock
form or document, electronic, manual;
authorised personnel – management, finance, operations, budget
holders.
Element 2
Control and review departmental budgets.
Performance criteria
2.1
Income and expenditure data is collated from various sources and formats and
is accurate and complete.
Range
2.2
departments, divisions, accounts receivable and payable.
Income and expenditure not yet registered in monitoring systems is identified
and accounted for monthly.
 New Zealand Qualifications Authority 2016
4950 version 4
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2.3
Variances in budget performance are identified by exception and reported to
authorised personnel promptly.
Range
2.4
Monthly reports showing actual performance against budget are received by
stakeholders within five working days of month end.
Range
2.5
variances – positive, negative, trends.
stakeholders – budgetholders, management, finance.
Departmental budgets are reviewed in compliance with agreed organisational
policies and statutory requirements.
Please note
Providers must be accredited by NZQA, or an inter-institutional body with delegated
authority for quality assurance, before they can report credits from assessment against
unit standards or deliver courses of study leading to that assessment.
Industry Training Organisations must be accredited by NZQA 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.
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 organisations
wishing to develop education and training programmes, such as minimum qualifications for
tutors and assessors, and special resource requirements.
Comments on this unit standard
Please contact the ElectroTechnology Industry Training Organisation
reviewcomments@etito.co.nz if you wish to suggest changes to the content of this unit
standard.
 New Zealand Qualifications Authority 2016