Budget Control Plan for Manufacturing Company - DOC by ixv20242

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Analyse a budget in a wood manufacturing workplace

Level                             3

Credits                           5

Purpose       People credited with this unit standard are able to: explain the relationship
              between a specific workplace budget and the overall budget for a wood
              manufacturing company; examine factors that impact on the profitability of a
              wood manufacturing workplace or project; and design measures to help
              control costs in a wood manufacturing workplace.


Subfield                           Wood Manufacturing - Generic Skills

Domain                             Wood Manufacturing Foundation Skills

Status                             Registered

Status date                        18 December 2006

Date version published             18 December 2006

Planned review date                31 December 2011

Entry information                  Recommended: Unit 19794, Demonstrate knowledge of
                                   business basics in a wood manufacturing industry; or
                                   demonstrate equivalent knowledge and skills.

Accreditation                      Evaluation of documentation and visit by NZQA and
                                   industry.

Standard setting body (SSB)        Forest Industries Training and Education Council
                                   (FITEC)

Accreditation and Moderation Action Plan (AMAP) reference                   0173
This AMAP can be accessed at http://www.nzqa.govt.nz/framework/search/index.do.

Special notes

1   The reference text for this unit standard is Business Basics Concepts in the Wood
    Processing Industries published by and available from FITEC, PO Box 137067,
    Parnell, Auckland.

2   All performance criteria must be demonstrated and assessed in accordance with the
    reference text.

3   Competence is to be demonstrated with reference to at least one of the wood
    manufacturing industries.



                                                                New Zealand Qualifications Authority 2011
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4     Definitions
      Wood manufacturing industries include solid wood, wood panels and pulp and paper
      organisations or business.
      Wood manufacturing workplace is a separate division and/or team operating within a
      company in the wood manufacturing industries.

Elements and performance criteria
Element 1

Explain the relationship between a specific workplace budget and the overall budget for a
wood manufacturing company.

Performance criteria

1.1        The explanation identifies the workplace budget in terms of percentage of total
           costs and percentage of total revenue of the wood manufacturing company
           annual budget.

1.2        The explanation identifies the impact of variations in the wood manufacturing
           workplace costs and revenues on the overall company budget, and includes
           reference to under and over performance.

Element 2

Examine factors that impact on the profitability of a wood manufacturing workplace or
project.

Performance criteria

2.1        Predicted input costs are identified from the annual wood manufacturing
           workplace budget.

           Range        costs – fixed, variable, overhead.

2.2        Values of output products and services provided are identified from the annual
           workplace or project budget.

2.3        Predicted costs and values of products and services are used to calculate profit
           or loss contribution to the overall wood manufacturing company budget.

2.4        Examples of factors that may influence the variation of predicted input costs
           against actual input costs are identified, and their influence is explained in
           accordance with the reference text.

           Range        evidence is required for at least five factors.




                                                                 New Zealand Qualifications Authority 2011
                                                                               19795 version 2
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Element 3

Design measures to help control costs in a wood manufacturing workplace.

Performance criteria

3.1       Key performance indicators are identified that allow for the measurement and
          control of costs in a wood manufacturing workplace.

3.2       Key performance indicators are matched against wood manufacturing company
          annual budget outcomes.

3.3       Potential corrective actions to ensure costs are controlled in the wood
          manufacturing workplace are identified, and reasons for their selection are
          justified in accordance with the reference text.

Please note

Providers must be accredited by the Qualifications Authority, 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 the Qualifications Authority 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 Forest Industries Training and Education Council
feedback@fitec.org.nz if you wish to suggest changes to the content of this unit standard.




                                                                New Zealand Qualifications Authority 2011

								
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