Assessor Resource

DEFFIN002
Perform strategic financial management in the public sector environment

Assessment tool

Version 1.0
Issue Date: April 2024


This unit describes the skills required to practice subject matter expertise, and provide strategic financial management advice and stewardship.

This unit applies to those working in the public sector Finance Domain who would be required to undertake financial management activities.

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 financial management.

Those undertaking this unit would work independently or as part of a team, under indirect supervision. They must be able to use discretion and judgement and take responsibility for the quality of their outputs. They would perform complex tasks in familiar context.

No licensing, legislative or certification requirements apply to this 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.

1

Practice subject matter expertise

1.1

Research current issues and trends affecting the organisation

1.2

Provide input into the development of financial management policies

1.3

Provide advice on complex financial management issues

1.4

Oversee and guide financial management activities

2

Establish financial management strategies

2.1

Identify and analyse organisational priorities and stakeholder needs

2.2

Develop a plan outlining expected strategies and outcomes

2.3

Develop key performance indicators or targets, timelines and reporting requirements

2.4

Implement processes to ensure that organisational strategies are adhered to

2.5

Identify and document factors that may affect achievement of objectives and targets

3

Manage risks

3.1

Identify potential risks to organisational financial management

3.2

Analyse risks and determine likelihood and potential consequence

3.3

Implement risk management strategies

3.4

Monitor risk outcomes

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria on at least one occasion and include:

analysing data

consulting and providing advice on complex issues

identifying risks and relevant risk control measures

implementing policy and procedural changes

managing stakeholder relationships

researching complex issues.

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria and include knowledge of:

Commonwealth policies impacting on candidate’s role

key internal and external stakeholders

legislation, policies and procedures impacting on candidate’s role

strategic priorities and activities affecting the organisation

the organisation’s financial management policy structure.

As a minimum, assessors must satisfy applicable regulatory requirements, which include requirements in the Standards for Registered Training Organisations, current at the time of assessment.

As a minimum, assessment must satisfy applicable regulatory requirements, which include requirements in the Standards for Registered Training Organisations, current at the time of assessment.

Assessment must occur in workplace operational situations where it is appropriate to do so; where this is not appropriate, assessment must occur in simulated workplace operational situations that replicate workplace conditions.

Assessment processes and techniques must be appropriate to the language, literacy and numeracy requirements of the work being performed and the needs of the candidate.

Resources for assessment must include access to:

a range of relevant exercises, case studies and/or other simulations

relevant and appropriate materials, tools, equipment and personal protective equipment (PPE) currently used in industry

applicable documentation, including workplace procedures, regulations, codes of practice and operation manuals

acceptable means of simulated assessment.

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.

1

Practice subject matter expertise

1.1

Research current issues and trends affecting the organisation

1.2

Provide input into the development of financial management policies

1.3

Provide advice on complex financial management issues

1.4

Oversee and guide financial management activities

2

Establish financial management strategies

2.1

Identify and analyse organisational priorities and stakeholder needs

2.2

Develop a plan outlining expected strategies and outcomes

2.3

Develop key performance indicators or targets, timelines and reporting requirements

2.4

Implement processes to ensure that organisational strategies are adhered to

2.5

Identify and document factors that may affect achievement of objectives and targets

3

Manage risks

3.1

Identify potential risks to organisational financial management

3.2

Analyse risks and determine likelihood and potential consequence

3.3

Implement risk management strategies

3.4

Monitor risk outcomes

Range is restricted to essential operating conditions and any other variables essential to the work environment.

Non-essential conditions may be found in the Companion Volume Implementation Guide.

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria on at least one occasion and include:

analysing data

consulting and providing advice on complex issues

identifying risks and relevant risk control measures

implementing policy and procedural changes

managing stakeholder relationships

researching complex issues.

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria and include knowledge of:

Commonwealth policies impacting on candidate’s role

key internal and external stakeholders

legislation, policies and procedures impacting on candidate’s role

strategic priorities and activities affecting the organisation

the organisation’s financial management policy structure.

As a minimum, assessors must satisfy applicable regulatory requirements, which include requirements in the Standards for Registered Training Organisations, current at the time of assessment.

As a minimum, assessment must satisfy applicable regulatory requirements, which include requirements in the Standards for Registered Training Organisations, current at the time of assessment.

Assessment must occur in workplace operational situations where it is appropriate to do so; where this is not appropriate, assessment must occur in simulated workplace operational situations that replicate workplace conditions.

Assessment processes and techniques must be appropriate to the language, literacy and numeracy requirements of the work being performed and the needs of the candidate.

Resources for assessment must include access to:

a range of relevant exercises, case studies and/or other simulations

relevant and appropriate materials, tools, equipment and personal protective equipment (PPE) currently used in industry

applicable documentation, including workplace procedures, regulations, codes of practice and operation manuals

acceptable means of simulated assessment.

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
Research current issues and trends affecting the organisation 
Provide input into the development of financial management policies 
Provide advice on complex financial management issues 
Oversee and guide financial management activities 
Identify and analyse organisational priorities and stakeholder needs 
Develop a plan outlining expected strategies and outcomes 
Develop key performance indicators or targets, timelines and reporting requirements 
Implement processes to ensure that organisational strategies are adhered to 
Identify and document factors that may affect achievement of objectives and targets 
Identify potential risks to organisational financial management 
Analyse risks and determine likelihood and potential consequence 
Implement risk management strategies 
Monitor risk outcomes 

Forms

Assessment Cover Sheet

DEFFIN002 - Perform strategic financial management in the public sector environment
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:

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Date:

Assessment Record Sheet

DEFFIN002 - Perform strategic financial management in the public sector environment

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: