Assessor Resource

CSCORG021
Determine the effective use of financial resources

Assessment tool

Version 1.0
Issue Date: April 2024


This unit describes the skills required to identify financial resource requirements, establish budgets for activities and control expenditure and activities against budgets.

This unit applies to those working in a management role assuming responsibility for allocation of finances within a range of occupational areas.

The skills and knowledge described in this unit must be applied within the legislative, regulatory and policy environment in which they are carried out. Organisational policies and procedures must be consulted and adhered to, particularly those related to preparation and implementation of financial budgets and plans.

Those undertaking this unit work autonomously, occasionally accessing and evaluating support from a broad range of sources. The role requires analysis, communication and strong numeracy skills.

No licensing, legislative or certification requirements apply to unit at the time of publication.

You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)



Evidence Required

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

PERFORMANCE CRITERIA

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 section.

1. Identify financial resource requirements

1.1 Consult with key people to develop and endorse proposals for expenditure.

1.2 Ensure proposed expenditure takes into account factors likely to affect costs and returns.

1.3 Link proposed financed activities to organisational objectives and strategies.

1.4 Ensure proposed financed activities include targets, standards and monitoring methods.

2. Establish budgets for activities

2.1 Ensure relevant people participate in determining a budget that is clear, concise and presents a cost-benefit analysis.

2.2 Present budget proposals in the format required by your organisational management practices.

2.3 Conduct negotiations in a way that maintains good working relationships with the people involved.

2.4 Resolve and report areas of uncertainty or contention and negotiate and finalise agreements in the time required.

2.5 Provide relevant people with information about the budget decisions in a manner and timeframe that contribute to their cooperation and confidence.

3. Control expenditure and activities against budget

3.1 Ensure team members take individual responsibility for monitoring and controlling expenditure and activities against budgets.

3.2 Implement a method of regular monitoring of expenditure and activities against budgets that complies with the organisation’s requirements.

3.3 Take corrective action in response to actual or potential significant variation from budgets promptly and effectively and report outcomes.

3.4 Refer requests for expenditure outside the area of the budgets promptly to the relevant people.

3.5 Complete records of activities against budgets accurately and make available to authorised people.

Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the candidate must demonstrate evidence of performance of the following on at least two occasions.

accessing and using legislation and guidelines relating to financial planning, management, reporting and accountability

reading complex and formal documents, such as legislation, policies, procedures and accounting standards and providing advice on their interpretation and application

detailing requirements, writing recommendations and preparing financial plans

using financial applications for entering data and preparing reports requiring accuracy of expression

communicating with key people using a range of communication styles to suit different audiences and purposes

using communication strategies involving exchanges of complex financial information

Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the depth of knowledge demonstrated must be appropriate to the job context of the candidate.

organisation’s policies and procedures related to financial planning, management, reporting and accountability

corporate governance requirements

relationships of financial management compliance framework to organisational structures

organisation’s general management and accountability structures and systems

methods of analysing and costing resource capacity and use

internal control mechanisms and accountability of processes and resources

accrual accounting principles

professional, ethical and business standards for financial management

financial recording and reporting requirements

Valid assessment of this unit requires a workplace environment or one that closely resembles normal work practice and replicates the range of conditions likely to be encountered when determining financial resources, including coping with difficulties, irregularities and breakdowns in routine.

Evidence must be gathered over time and drawn from the range of routine and required work activities relevant to the performance criteria, the range statement and the organisational environment.

Assessors must satisfy the NVR/AQTF mandatory competency requirements for assessors.


Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assingnment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)


Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.

ELEMENTS

PERFORMANCE CRITERIA

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 section.

1. Identify financial resource requirements

1.1 Consult with key people to develop and endorse proposals for expenditure.

1.2 Ensure proposed expenditure takes into account factors likely to affect costs and returns.

1.3 Link proposed financed activities to organisational objectives and strategies.

1.4 Ensure proposed financed activities include targets, standards and monitoring methods.

2. Establish budgets for activities

2.1 Ensure relevant people participate in determining a budget that is clear, concise and presents a cost-benefit analysis.

2.2 Present budget proposals in the format required by your organisational management practices.

2.3 Conduct negotiations in a way that maintains good working relationships with the people involved.

2.4 Resolve and report areas of uncertainty or contention and negotiate and finalise agreements in the time required.

2.5 Provide relevant people with information about the budget decisions in a manner and timeframe that contribute to their cooperation and confidence.

3. Control expenditure and activities against budget

3.1 Ensure team members take individual responsibility for monitoring and controlling expenditure and activities against budgets.

3.2 Implement a method of regular monitoring of expenditure and activities against budgets that complies with the organisation’s requirements.

3.3 Take corrective action in response to actual or potential significant variation from budgets promptly and effectively and report outcomes.

3.4 Refer requests for expenditure outside the area of the budgets promptly to the relevant people.

3.5 Complete records of activities against budgets accurately and make available to authorised people.

Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the candidate must demonstrate evidence of performance of the following on at least two occasions.

accessing and using legislation and guidelines relating to financial planning, management, reporting and accountability

reading complex and formal documents, such as legislation, policies, procedures and accounting standards and providing advice on their interpretation and application

detailing requirements, writing recommendations and preparing financial plans

using financial applications for entering data and preparing reports requiring accuracy of expression

communicating with key people using a range of communication styles to suit different audiences and purposes

using communication strategies involving exchanges of complex financial information

Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the depth of knowledge demonstrated must be appropriate to the job context of the candidate.

organisation’s policies and procedures related to financial planning, management, reporting and accountability

corporate governance requirements

relationships of financial management compliance framework to organisational structures

organisation’s general management and accountability structures and systems

methods of analysing and costing resource capacity and use

internal control mechanisms and accountability of processes and resources

accrual accounting principles

professional, ethical and business standards for financial management

financial recording and reporting requirements

Valid assessment of this unit requires a workplace environment or one that closely resembles normal work practice and replicates the range of conditions likely to be encountered when determining financial resources, including coping with difficulties, irregularities and breakdowns in routine.

Evidence must be gathered over time and drawn from the range of routine and required work activities relevant to the performance criteria, the range statement and the organisational environment.

Assessors must satisfy the NVR/AQTF mandatory competency requirements for assessors.

Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
Consult with key people to develop and endorse proposals for expenditure. 
Ensure proposed expenditure takes into account factors likely to affect costs and returns. 
Link proposed financed activities to organisational objectives and strategies. 
Ensure proposed financed activities include targets, standards and monitoring methods. 
Ensure relevant people participate in determining a budget that is clear, concise and presents a cost-benefit analysis. 
Present budget proposals in the format required by your organisational management practices. 
Conduct negotiations in a way that maintains good working relationships with the people involved. 
Resolve and report areas of uncertainty or contention and negotiate and finalise agreements in the time required. 
Provide relevant people with information about the budget decisions in a manner and timeframe that contribute to their cooperation and confidence. 
Ensure team members take individual responsibility for monitoring and controlling expenditure and activities against budgets. 
Implement a method of regular monitoring of expenditure and activities against budgets that complies with the organisation’s requirements. 
Take corrective action in response to actual or potential significant variation from budgets promptly and effectively and report outcomes. 
Refer requests for expenditure outside the area of the budgets promptly to the relevant people. 
Complete records of activities against budgets accurately and make available to authorised people. 
Consult with key people to develop and endorse proposals for expenditure. 
Ensure proposed expenditure takes into account factors likely to affect costs and returns. 
Link proposed financed activities to organisational objectives and strategies. 
Ensure proposed financed activities include targets, standards and monitoring methods. 
Ensure relevant people participate in determining a budget that is clear, concise and presents a cost-benefit analysis. 
Present budget proposals in the format required by your organisational management practices. 
Conduct negotiations in a way that maintains good working relationships with the people involved. 
Resolve and report areas of uncertainty or contention and negotiate and finalise agreements in the time required. 
Provide relevant people with information about the budget decisions in a manner and timeframe that contribute to their cooperation and confidence. 
Ensure team members take individual responsibility for monitoring and controlling expenditure and activities against budgets. 
Implement a method of regular monitoring of expenditure and activities against budgets that complies with the organisation’s requirements. 
Take corrective action in response to actual or potential significant variation from budgets promptly and effectively and report outcomes. 
Refer requests for expenditure outside the area of the budgets promptly to the relevant people. 
Complete records of activities against budgets accurately and make available to authorised people. 

Forms

Assessment Cover Sheet

CSCORG021 - Determine the effective use of financial resources
Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

Signature:

Date:


Assessment Record Sheet

CSCORG021 - Determine the effective use of financial resources

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: