Technology Budgeting & AI Investment Planning
This unit describes the skills and knowledge required to undertake financial management in an organisation or work area. It includes planning and implementing financial management approaches and supporting and evaluating effectiveness of financial management processes.
| Study | Online learning |
- 3 chapters
- 15 lessons
- 13 videos
- Nationally recognised unit
- Its own progress dashboard
What you cover
Key topics
- Plan financial management approaches
- Implement and monitor financial management plans
- Review and evaluate financial management plans
Your learning
Course content
3 chapters · 15 lessons · 13 videos
Chapter 1 · Plan financial management approaches5 lessons
- Lesson 1: Accessing and Understanding Budgets and Financial Plans
- Lesson 2: Evaluating Budget Outcomes and Communicating with Stakeholders
- Lesson 3: Negotiating Budget Changes and Modifications
- Lesson 4: Developing Financial Contingency Plans
- Lesson 5: Self-learning task I
Chapter 2 · Implement and monitor financial management plans4 lessons
- Lesson 6: Communicating Budget Information to Team Members
- Lesson 7: Supporting Team Access to Financial Resources and Systems
- Lesson 8: Monitoring Expenditure and Controlling Costs
- Lesson 9: Reporting on Budget and Expenditure
Chapter 3 · Review and evaluate financial management plans6 lessons
- Lesson 10: Collecting Information on Financial Management Effectiveness
- Lesson 11: Analyzing Financial Variances
- Lesson 12: Identifying and Recommending Process Improvements
- Lesson 13: Implementing Agreed Improvements
- Lesson 14: Evaluating Improvements and Record-keeping
- Lesson 15: Self-learning task II
Who it’s for
Is this course for you?
The unit applies to managers in a wide range of organisations and sectors who have responsibility for the effective use of financial resources within work teams. They are responsible for ensuring that financial resources are managed in line with the financial objectives of the team and organisation.
Recognition
Nationally recognised learning
Nationally recognised unit of competency: BSBFIN501 Manage budgets and financial plans
| Unit | BSBFIN501 Manage budgets and financial plans |
| Training package | BSB Business Services Training Package |
| Field | Business Competence – Financial Literacy |
| Release | Release 1 · Current |
training.gov.au, verified 16 October 2026
View on training.gov.au ↗Course preview
Your questions
Frequently asked questions
Is this unit nationally recognised?
Yes. BSBFIN501 Manage budgets and financial plans is a current unit of competency in the BSB Business Services Training Package, listed on training.gov.au, the National Register of vocational education and training in Australia.
How is the unit organised?
3 chapters and 15 lessons, built around the unit's 3 official outcomes. It includes 13 videos.
How is it assessed?
Assessment tasks for this unit are listed under Assignments in the unit, with how to submit each one and what's still outstanding.
How do I track my progress?
Go to dashboard opens this unit's own dashboard. Progress, activity and streaks there count this unit only.
