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Elements and Performance Criteria

Required Skills

This describes the essential skills and knowledge and their level required for this unit

Essential knowledge

The candidate must be able to demonstrate essential knowledge required to effectively do the task outlined in elements and performance criteria of this unit manage the task and manage contingencies in the context of the identified work role

These include knowledge of

Basic accounting principles

Consultative methods and processes

Ethical practices

Financial management requirements

Organisation objectives and plans at both systemic and unit levels

Organisation requirements related to financial and asset management

Organisation roles in respect to financial delegations accountabilities and responsibilities

Principles and techniques involved in

accrual accounting concepts

advanced numerical calculations

integrated management systems utilising software

journals ledgers and financial statements paper or digitalelectronic

software applications used in financial management

Relevance of the work role and functions to maintaining sustainability of the workplace including environmental economic workforce and social sustainability

Relevant legislation policies and procedures

Requirements for organisation recordkeeping compliancy activity audit requirements

Essential skills

It is critical that the candidate demonstrate the ability to

Consult with colleagues

Integrate all elements of competency

Link budget with organisation andor project aimsstrategic directions

Monitor and manage finances for a project program or work area within an organisation and legislative requirements

Prepare monitor review and report financial management processes

Report and record information in accordance with organisation policies

In addition the candidate must be able to effectively do the task outlined in elements and performance criteria of this unit manage the task and manage contingencies in the context of the identified work role

These include the ability to

Lead and manage personnel

Manage contingencies for project program or work area

Manage finances including budgeting for project program or work area

Monitor and review skills

Support colleagues and develop skills where required

Take into account opportunities to address waste minimisation environmental responsibility and sustainable practice issues including appropriate practices to ensure efficient use of resources

Evidence Required



The evidence guide provides advice on assessment and must be read in conjunction with the Performance Criteria Required Skills and Knowledge the Range Statement and the Assessment Guidelines for this Training Package

Critical aspects for assessment and evidence required to demonstrate this unit of competency	The individual being assessed must provide evidence of specified essential knowledge as well as skills This unit is most appropriately assessed in the workplace or in a simulated workplace setting under the normal range of workplace conditions Assessment must demonstrate consistency of application of skills and knowledge described in this unit of competency

Access and equity considerations	All workers in community services should be aware of access equity and human rights issues in relation to their own area of work All workers should develop their ability to work in a culturally diverse environment In recognition of particular issues facing Aboriginal and Torres Strait Islander communities workers should be aware of cultural historical and current issues impacting on Aboriginal and Torres Strait Islander people Assessors and trainers must take into account relevant access and equity issues in particular relating to factors impacting on Aboriginal andor Torres Strait Islander clients and communities

Context of and specific resources for assessment	This unit can be assessed independently however holistic assessment practice with other community services units of competency is encouraged Resources required for assessment include access to relevant workplace or simulated realistic workplace setting where assessment may take place

Method of assessment	Assessment may include observation questioning and evidence gathered from a workplace environment

Range Statement



The Range Statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Add any essential operating conditions that may be present with training and assessment depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts.

Financial requirements, organisation requirements may include:	Award and enterprise agreements and relevant industrial instruments Financial reporting to government bodies and /or relevant funding agency Relevant legislation from all levels of government that affects operation, especially in regard to occupational health and safety (OHS) and environmental issues, equal opportunity, industrial relations, anti-discrimination and record-keeping legislation

Relevant personnel may include:	Auditors, financial officers Client service workers managing a specific project, program or work area Management team members Supervisors, registrars, administration officers

Support may include:	Access to specialist advice Documentation of procedures Help desk or identified experts within the organisation employed at support areas, e.g. regional/ district offices Information briefings or training sessions Internet access to information Intranet-based information Training including, mentoring coaching and shadowing

Required roles may include:	Annual and operational budgets/plans Annual reports Arranging for and administering the use of corporate credit cards Banking Cash and revenue flow projections Debt collection Ensuring security, accuracy and currency of financial operations Invoicing clients, students and consumers Maintaining journals, ledgers and other record-keeping systems using technology where necessary Maintaining petty cash system Managing assets and stock Organisation targets or goals Purchasing and procurement School reviews spreadsheet-based financial projections Strategic plans Targets or performance indicators (PIs) Wages and salaries, payments and record-keeping

Reporting may include:	Audit reports Bank statements Credit card statements Financial reports - constructed and standardised Invoices and receipts Ledgers and journals Logs, e.g. motor vehicle use Mandatory system reports Ongoing cumulative records for end of year reporting Petty cash records Spreadsheet-based records Standardised reports for management

Contingency plans may include:	Alternative means of procurements of required materials, equipment and stock Differing models of managing staff working hours/ roles Employment of casual/temporary staff Recycling and re-use Risk identification, assessment and management processes Seeking further funding Strategies for reducing costs. Wastage, stock or consumables Use of short-term contractors

Data on the effectiveness of financial management processes may include records (digital, electronic and/or paper-based) related to:	Bank account records Cash flow and revenue Contracts Credit card receipts Employee timesheets Files of paid purchase and service invoices Income and expenditure Invoices Job costs Quotations Special grants Taxation records Wages/salaries records