Manage a budget

Manage a budget

LEVEL: 4
UNIT STANDARDS: 242810 ; 9015 ; 7468
CREDITS: 18
OUTCOMES

  • Explain the concept of budgeting pertinent to an area of responsibility
  • Determine the elements of a budget in an area of responsibility
  • Monitor and control actual expenses against budget
  • Investigate various aspects of cost and revenue
  • Use mathematics to plan and control financial instruments
  • Use simple and Compound interest to make sense of and define a variety of situations
  • Use mathematics to debate aspects of the national and global economy
  • Critique and use techniques for collecting, organising and representing data
  • Use theoretical and experimental probability to develop models
  • Critically interrogate and use probability and statistical models