List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.
Elements describe the essential outcomes. | Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the range of conditions. |
1. | Identify overdue accounts. | 1.1. | Current state of accounts payable is monitored regularly according to organisational requirements. |
| 1.2. | Clients with overdue accounts are identified according to organisational requirements. |
| 1.3. | Overdue or outstanding accounts are reported to relevantpersonnel according to organisational requirements. |
2. | Notify debtor and negotiate payment. | 2.1. | Debtor is notified of overdue account and associated interest charges or fines according to organisational requirements. |
| 2.2. | Communication, discussions and negotiations are conducted with debtors according to organisational requirements. |
| 2.3. | Arrangements for payment are agreed and recorded according to organisational and compliance requirements. |
| 2.4. | Compliance with agreed arrangements is monitored and further action is taken as required according to organisational requirements. |
A person demonstrating competency in this unit must satisfy the requirements of the elements, performance criteria, foundation skills and range of conditions of this unit.
The person must also maintain credit control for four overdue waste management accounts.
While maintaining above credit control, the person must:
regularly monitor accounts payable to identify clients with overdue accounts
follow organisational procedures and comply with regulatory and legal requirements to:
calculate interest charges and fines
communicate with debtors to negotiate payment of overdue accounts
record and report financial information relating to accounts payable and credit control
receive debtor payments
negotiate account payment with debtors and monitor compliance with agreed payment arrangements
use a computer and relevant accounting software to prepare financial information.
A person demonstrating competency in this unit must demonstrate knowledge of:
organisational financial policies and procedures relating to:
accounting and ledger systems
debt collection
double-entry bookkeeping operation of computer and manual systems
invoicing processes
liquidity management
record-keeping requirements for accounts receivable
sources of credit status information
regulatory and legal compliance requirements relating to accounts and credit control
taxes and fees for different waste types.
The following must be present and available to learners during assessment activities:
equipment:
computer and software appropriate for maintaining accounts data
relationships with team members and supervisor:
working under limited supervision.
Timeframe:
as specified by organisational requirements.
Assessor requirements
As a minimum, assessors must satisfy the assessor requirements in the Standards for Registered Training Organisations (RTOs) current at the time of assessment.