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

Auditing procedures and requirements

Awards and agreements

Budgeting and planning processes and practices

Financial management models and practices

Importance of principles and practices to enhance sustainability in the workplace including environmental economic workforce and social sustainability

Incorporation requirements

Insurance requirements

Organisation guidelines

Organisations procedures and practices

Principles and practices of effective resource management

Principles of continuous improvement

Quality assurance mechanisms

Taxation office requirements

Essential skills

It is critical that the candidate demonstrate the ability to

Demonstrate competency across the full range of the organisations financial accounting and resourcing systems

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

Analyse financial reports against budgets and contract obligations

Demonstrate competency within the working environment in managing finances accounts and resources

Manage workplace application of

computerised andor manual accounting and book keeping systems

budgeting processes

reconciliation

investment planning

financial management

information technology

Read and accurately interpret financial information and reports

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 and under the normal range of workplace conditionsThis may include the use of languages other than English and alternative communication systems

This unit is most appropriately assessed in the workplace or in a simulated workplace and under the normal range of workplace conditions
This may include the use of languages other than English and alternative communication systems

Where there is not an opportunity to cover all relevant aspects in the work environment the remainder should be assessed through realistic simulations projects previous relevant experience or oral questioning on what if scenarios

Assessment must include the normal range of management tasks used in the workplace

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 appropriate workplace where assessment can take place or simulation of realistic workplace setting for assessment

Method of assessment

Assessment may include observation questioning and evidence gathered from the workplace environment eg completed budgets portfolios etc

Realistic simulations projects previous relevant experience or oral questioning on what if Scenarios

Observation of processes and procedures oral andor written questions on Essential knowledge and skills and consideration of required attitudes

Where performance is required to be demonstrated over a period of time andor in a number of locations any evidence should be authenticated by colleagues supervisors clients or other appropriate persons

Review of any workplace documentation produced by the candidate related to managing finances accounts and resources

Budgeting and financial obligations may include:

Appropriate parties may include:

Legal requirements may include those relating to:

Resources may include: