budget for an event or project that ill last for three months. Throughout this period, you must show that you can create, monitor and control budget by doing this following:

• Show that you can work with colleagues to establish requirements and priorities(including staffing requirements and stock requirements)
• Use financial records to monitor expenditure and income on a regular basis
• Identify any variances and deviations and react to them - you may need to adapt a budget
• complete financial reports to ensure control if finances and to update others on the budget's status; this must be performed at scheduled points(as agreed with management)
• using the appropriate budget terminology.

This assessment is SITXFIN003 Manage finances within a budget (course- cert 4 in commercial cookery)