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 | Communicate budget and financial plans | 1.1 | Budget/financial plan communication package is reviewed by finance specialists |
1.2 | Package is amended/revised where appropriate |
1.3 | Training activities are undertaken with users of the budget and plans across the organisation |
1.4 | Data and terms are defined to assist users of the plans |
1.5 | Communication outcomes are tested to ensure clarity of objectives, processes and accountabilities |
2 | Monitor and control activities against plans | 2.1 | Delegations and budget accountabilities are confirmed in writing prior to budget period |
2.2 | Funds are allocated in accordance with budget objectives and parameters |
2.3 | Audit requirements and legal obligations are met through recording systems and documentation |
2.4 | Risk management plans are implemented and contingency plans are in place for all financial plans |
2.5 | Performance is monitored and variances are identified on a real time basis |
2.6 | Variances are analysed in conjunction with relevant experts to determine cause and effect |
3 | Report outcomes of financial plans | 3.1 | Records of financial performance are properly maintained within organisational systems |
3.2 | Financial performance is analysed and reported in a form and language appropriate to the audience |
3.3 | Non-financial objectives are reported in the context of overall organisational performance |
3.4 | Strategies and plans are reviewed and updated to optimise organisational performance |
Range is restricted to essential operating conditions and any other variables essential to the work environment.
Non-essential conditions can 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: |
accessing, reading and interpreting budgetary documents, financial statements and reports, and workplace policies and procedures applying basic accounting principles to budgetary processes applying relevant legislation and workplace procedures communicating and working effectively with others when completing work activities identifying and solving problems that may arise when setting and achieving budgets making calculations to set and achieve budgets modifying budgets and plans as required to accommodate changes monitoring work activities in terms of planned schedule prioritising work and coordinating self and others in relation to workplace activities selecting and applying appropriate technology, information systems and procedures. |
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: |
accountancy practices relevant to budgetary control budgetary procedures and policies budgetary systems, resources, management and workplace operating systems limits of authorised expenditure and who has budget authorities problems that may occur when setting and achieving budgets and action that can be taken to report or resolve these problems quality and customer service standards, policies and procedures risks that may exist when setting and achieving budgets and ways of controlling these risks workplace processes for setting and achieving budgets. |
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 include:
a range of relevant exercises, case studies and/or other simulations
relevant and appropriate materials, tools, equipment and personal protective equipment currently used in industry
applicable documentation including workplace procedures, regulations, codes of practice and operation manuals.
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