Assessor Resource

PSPGEN080
Develop public sector financial strategies

Assessment tool

Version 1.0
Issue Date: March 2024


This unit describes the skills required to perform translations of organisational strategic objectives into program and resource terms. It includes developing linkages between strategic planning and financial management, establishing and maintaining strategies to address risk management and taxation, determining resource requirements in financial terms, and developing financial bids and estimates.

This unit applies to those working in the public sector providing specialist financial support.

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.

Those undertaking this unit would work autonomously, performing complex tasks in a familiar context.

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. Develop linkages between strategic planning outcomes and financial management processes

1.1 Provide financial management authority and autonomy within organisational and program structures to enable outcomes to be achieved.

1.2 Structure financial processes to ensure manageable linkages to program outputs while retaining internal controls.

1.3 Organise activities to be funded or managed into programs and subprograms to reflect logical groupings of organisational objectives that address current government policy and strategy.

1.4 Develop linkages to outputs and outcomes in accordance with the organisation’s business and longer term plans.

2. Establish and maintain a financial risk management strategy

2.1 Identify and measure current and potential risk exposures, including alternative profiles.

2.2 Implement and monitor cost effective policies and procedures for minimising and managing exposures.

2.3 Document and review financial risk management policies and practices.

2.4 Identify and resource learning, development and support needs to assist staff to effectively manage risk.

3. Establish and maintain a taxation strategy

3.1 Determine exposure to applicable state or territory and federal taxes and develop a strategy to increase taxation awareness within the organisation.

3.2 Seek, provide and use strategic taxation advice in the development of the strategy.

3.3 Establish and maintain a cost-effective strategy to capture, quantify, minimise and pay taxation liabilities in accordance with law.

4. Establish resource requirements in financial terms

4.1 Determine physical asset and human resource requirements in accordance with program requirements.

4.2 Use financial analysis techniques to evaluate and approve alternative and new resource allocation proposals.

4.3 Establish processes to allocate resources efficiently, effectively and economically in accordance with prioritised strategic and operational plans.

4.4 Establish service delivery requirements.

4.5 Develop and maintain a strategic asset plan and submit it for approval.

5. Develop financial bids and estimates

5.1 Cost organisational initiatives and prepare bids and/or estimates in accordance with budgetary processes and requirements.

5.2 Link bids and/or estimates to organisational priorities, based on substantiated information and logical assumptions, taking account of resource constraints and organisational needs.

5.3 Develop bids and/or estimates to reflect outstanding liabilities and receipt collections and prepare to meet critical submission dates.

5.4 Prepare supporting documentation to justify bids and/or estimates.

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 one occasion.

interpreting organisational information in financial terms

adjusting communication to suit different audiences

preparing strategies and reports requiring precision of expression

undertaking financial analysis

costing and preparing bids and estimates

accessing information and legislation electronically or in hard copy

applying environmental and work health and safety procedures relating to working in the public sector

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.

public sector legislation including work health and safety and environment, policies and processes relating to public sector finance

ethics/codes of conduct

operational planning processes

financial risk management

applicable state/territory and Commonwealth taxes

government budget cycle including budget and additional estimates, budget processes and guidelines

Senate committee hearings

appropriation structure/funding mechanisms (including those including Commonwealth/state/territory relationships)

costing policies and procedures

principles of accrual accounting

This unit contains no specific industry-mandated assessment conditions. Guidance on suggested and recommended conditions and methods can be found in the Implementation Guide.

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. Develop linkages between strategic planning outcomes and financial management processes

1.1 Provide financial management authority and autonomy within organisational and program structures to enable outcomes to be achieved.

1.2 Structure financial processes to ensure manageable linkages to program outputs while retaining internal controls.

1.3 Organise activities to be funded or managed into programs and subprograms to reflect logical groupings of organisational objectives that address current government policy and strategy.

1.4 Develop linkages to outputs and outcomes in accordance with the organisation’s business and longer term plans.

2. Establish and maintain a financial risk management strategy

2.1 Identify and measure current and potential risk exposures, including alternative profiles.

2.2 Implement and monitor cost effective policies and procedures for minimising and managing exposures.

2.3 Document and review financial risk management policies and practices.

2.4 Identify and resource learning, development and support needs to assist staff to effectively manage risk.

3. Establish and maintain a taxation strategy

3.1 Determine exposure to applicable state or territory and federal taxes and develop a strategy to increase taxation awareness within the organisation.

3.2 Seek, provide and use strategic taxation advice in the development of the strategy.

3.3 Establish and maintain a cost-effective strategy to capture, quantify, minimise and pay taxation liabilities in accordance with law.

4. Establish resource requirements in financial terms

4.1 Determine physical asset and human resource requirements in accordance with program requirements.

4.2 Use financial analysis techniques to evaluate and approve alternative and new resource allocation proposals.

4.3 Establish processes to allocate resources efficiently, effectively and economically in accordance with prioritised strategic and operational plans.

4.4 Establish service delivery requirements.

4.5 Develop and maintain a strategic asset plan and submit it for approval.

5. Develop financial bids and estimates

5.1 Cost organisational initiatives and prepare bids and/or estimates in accordance with budgetary processes and requirements.

5.2 Link bids and/or estimates to organisational priorities, based on substantiated information and logical assumptions, taking account of resource constraints and organisational needs.

5.3 Develop bids and/or estimates to reflect outstanding liabilities and receipt collections and prepare to meet critical submission dates.

5.4 Prepare supporting documentation to justify bids and/or estimates.

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 one occasion.

interpreting organisational information in financial terms

adjusting communication to suit different audiences

preparing strategies and reports requiring precision of expression

undertaking financial analysis

costing and preparing bids and estimates

accessing information and legislation electronically or in hard copy

applying environmental and work health and safety procedures relating to working in the public sector

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.

public sector legislation including work health and safety and environment, policies and processes relating to public sector finance

ethics/codes of conduct

operational planning processes

financial risk management

applicable state/territory and Commonwealth taxes

government budget cycle including budget and additional estimates, budget processes and guidelines

Senate committee hearings

appropriation structure/funding mechanisms (including those including Commonwealth/state/territory relationships)

costing policies and procedures

principles of accrual accounting

This unit contains no specific industry-mandated assessment conditions. Guidance on suggested and recommended conditions and methods can be found in the Implementation Guide.

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
Provide financial management authority and autonomy within organisational and program structures to enable outcomes to be achieved. 
Structure financial processes to ensure manageable linkages to program outputs while retaining internal controls. 
Organise activities to be funded or managed into programs and subprograms to reflect logical groupings of organisational objectives that address current government policy and strategy. 
Develop linkages to outputs and outcomes in accordance with the organisation’s business and longer term plans. 
Identify and measure current and potential risk exposures, including alternative profiles. 
Implement and monitor cost effective policies and procedures for minimising and managing exposures. 
Document and review financial risk management policies and practices. 
Identify and resource learning, development and support needs to assist staff to effectively manage risk. 
Determine exposure to applicable state or territory and federal taxes and develop a strategy to increase taxation awareness within the organisation. 
Seek, provide and use strategic taxation advice in the development of the strategy. 
Establish and maintain a cost-effective strategy to capture, quantify, minimise and pay taxation liabilities in accordance with law. 
Determine physical asset and human resource requirements in accordance with program requirements. 
Use financial analysis techniques to evaluate and approve alternative and new resource allocation proposals. 
Establish processes to allocate resources efficiently, effectively and economically in accordance with prioritised strategic and operational plans. 
Establish service delivery requirements. 
Develop and maintain a strategic asset plan and submit it for approval. 
Cost organisational initiatives and prepare bids and/or estimates in accordance with budgetary processes and requirements. 
Link bids and/or estimates to organisational priorities, based on substantiated information and logical assumptions, taking account of resource constraints and organisational needs. 
Develop bids and/or estimates to reflect outstanding liabilities and receipt collections and prepare to meet critical submission dates. 
Prepare supporting documentation to justify bids and/or estimates. 
Provide financial management authority and autonomy within organisational and program structures to enable outcomes to be achieved. 
Structure financial processes to ensure manageable linkages to program outputs while retaining internal controls. 
Organise activities to be funded or managed into programs and subprograms to reflect logical groupings of organisational objectives that address current government policy and strategy. 
Develop linkages to outputs and outcomes in accordance with the organisation’s business and longer term plans. 
Identify and measure current and potential risk exposures, including alternative profiles. 
Implement and monitor cost effective policies and procedures for minimising and managing exposures. 
Document and review financial risk management policies and practices. 
Identify and resource learning, development and support needs to assist staff to effectively manage risk. 
Determine exposure to applicable state or territory and federal taxes and develop a strategy to increase taxation awareness within the organisation. 
Seek, provide and use strategic taxation advice in the development of the strategy. 
Establish and maintain a cost-effective strategy to capture, quantify, minimise and pay taxation liabilities in accordance with law. 
Determine physical asset and human resource requirements in accordance with program requirements. 
Use financial analysis techniques to evaluate and approve alternative and new resource allocation proposals. 
Establish processes to allocate resources efficiently, effectively and economically in accordance with prioritised strategic and operational plans. 
Establish service delivery requirements. 
Develop and maintain a strategic asset plan and submit it for approval. 
Cost organisational initiatives and prepare bids and/or estimates in accordance with budgetary processes and requirements. 
Link bids and/or estimates to organisational priorities, based on substantiated information and logical assumptions, taking account of resource constraints and organisational needs. 
Develop bids and/or estimates to reflect outstanding liabilities and receipt collections and prepare to meet critical submission dates. 
Prepare supporting documentation to justify bids and/or estimates. 

Forms

Assessment Cover Sheet

PSPGEN080 - Develop public sector financial strategies
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I declare that the assessment tasks submitted for this unit are my own work.

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Assessment Record Sheet

PSPGEN080 - Develop public sector financial strategies

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

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Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

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