Strategic Finance, Analytics & AI-Driven Forecasting
This unit describes the skills and knowledge required to undertake budgeting, financial forecasting and reporting. This unit also describes the skills and knowledge required to allocate and manage resources to achieve the required outputs for the business unit. It includes contributing to reviewing financial information, analysing financial risks, preparing a budget and reporting on financial activity.
| Study | Online learning |
- 3 chapters
- 13 lessons
- 131 knowledge-check questions
- Nationally recognised unit
- Its own progress dashboard
What you cover
Key topics
- Prepare for financial management
- Establish budgets and allocate funds
- Report on finances
Your learning
Course content
3 chapters · 13 lessons
Chapter 1 · Prepare for financial management4 lessons
- Lesson 1: Assess reasons for losses or profits identified from previous financial reports
- Lesson 2: Analyse critical dates and initiatives in business plan and cash flow trends
- Lesson 3: Review statutory requirements for compliance and liabilities for tax
- Lesson 4: Analyse existing software and its suitability for financial management
Chapter 2 · Establish budgets and allocate funds5 lessons
- Lesson 5: Develop budget from previous financial data according to compliance, organisational and statutory requirements
- Lesson 6: Circulate budgets and confirm managers and supervisors understand budgets, reporting requirements and financial delegations
- Lesson 7: Confirm there are no opportunities for misappropriation of funds
- Lesson 8: Review profit and loss statements, cash flows and ageing summaries and revise, where required
- Lesson 9: Identify discrepancies between agreed and actual allocations using audit trails
Chapter 3 · Report on finances4 lessons
- Lesson 10: Identify organisational and statutory financial reporting requirements
- Lesson 11: Identify and prioritise significant issues in statements for review and decision making
- Lesson 12: Prepare financial recommendations
- Lesson 13: Evaluate effectiveness of financial management processes
Who it’s for
Is this course for you?
The unit applies to individuals who have managerial responsibilities which include overseeing the management of financial and other resources across a business unit, a series of business units or teams, or an organisation. It covers all areas of broad financial management. In a larger organisation this work would be supported by specialists in financial management.
Recognition
Nationally recognised learning
Nationally recognised unit of competency: BSBFIN601 Manage organisational finances
| Unit | BSBFIN601 Manage organisational finances |
| 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. BSBFIN601 Manage organisational finances 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 13 lessons, built around the unit's 3 official outcomes. It includes 131 knowledge-check questions.
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.
