WSQ Develop and Manage Budgets and Financial Plans


Understanding the logics of budgeting and financial planning is crucial for any professional in charge of the business side of things in any organisation. The relatively new area of interactive media presents its own challenges, and finance professionals in the media industry need to equip themselves with the relevant knowledge about budgeting and financial skills to apply across different segments of the industry. 

This unit covers developing and managing budgets and financial plans in the area of interactive media. Elements of this unit include the differentiation of the financial plan and the budget, the assessment of the current state of the business, the development of a budget framework, as well as the implementation and management of the budget or financial plan.

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