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.

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.

This unit is an elective topic forming part of the qualification CPP51122 Diploma of Property (Agency Management).

Please note: This individual unit is only available for those completing the unit as part of the CPP51122 Diploma of Property (Agency Management).

At the end of this unit, you will be able to:

• Plan financial management approaches.

• Implement and monitor financial management plans.

• Review and evaluate financial management plans.