Range of Variables The Range of Variables explains the contexts within which the performance and knowledge requirements of this standard may be assessed. The scope of variables chosen in training and assessment requirements may depend on the work situations available |
What sort of things will be recorded in physical records? | Records may include a property plan, livestock, paddock treatments including spraying, paddocks, rainfall, production, sales data, supplies, machinery and equipment, and stock. |
Who might be members of the management team? | They may be oneself, family members, fellow managers, employees, professional advisors, partners, and mentors. |
What methods for collecting information might be used? | Methods for collecting information may include observation and listening, previous file records, individual research, statistics and reports from other organizations, producing reports from data collected on the farm, translating data from diaries and note-books, or professional data collection agency. |
What type of interpersonal skills may be required? | Interpersonal skills may include effective listening, open questioning techniques, verbal and non verbal communication skills, appropriate body language, and the ability to relate to people from a range of social, cultural and ethnic backgrounds and physical and mental abilities. |
What type of format might be relevant? | Format for records and inventories could include maps, graphs, charts, cards, electronic, databases, diaries, or notebooks. |
What sort of business equipment/technology might be used? | Business equipment and technology that might be used include computer, software, Internet, email, calculator, fax or phone. |
What type of checking for accuracy and authenticity might be used? | Checking may include correct information on voucher, receipt of purchase, and ensuring items are business related. |
What is meant by a cashbook? | A cashbook documents the daily receipts and payments of the business. It may be created and maintained manually and/or electronically. |
What sort of documentation requires checking for validity in this context? | Documentation may include cheques, taxation invoices, accounts, and credit card vouchers. Validity may include checking date, signature, details on cheque are correct, expiry date of credit cards, information on taxation invoice, and accounts are accurate. |
What sort of legislative reporting requirements would be included? | Legislative reporting requirements may include recording Australian Business Number (ABN), business activity statements (BAS), instalment activity statements (AIS), PAYG withholding, superannuation, taxation, or work cover. |
What is meant by cash flow statements in this context? | Cash flow statements summarise the organisations actual and expected cash flow over designated periods of time. Budgets allocate income against expenses. Both types of statements can be created manually or electronically. |
Who might be creditors and debtors? | Creditors and debtors may include financial institutions, goods and service suppliers, rural merchants, contractors, professional advisors, and co-operatives. |
What sort of taxation andauditing requirements may be required? | Taxation and auditing requirements would include accurate records of all business assets, liabilities, income, expenses and entitlements to be analysed by an accountant for compliance purposes. |
What type of financial transactions might the business undertake? | Financial transactions may include purchasing and selling products, machinery and equipment, vehicles and supplies, banking cheques, paying invoices and bills, or transferring funds electronically. |
For more information on contexts, environment and variables for training and assessment, refer to the Sector Booklet. |
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