Elements and Performance Criteria
- Obtain data and resources for financial calculations
- Input data is obtained and verified as relevant for workplace calculations
- Outcomes of calculations are determined and confirmed from task specifications
- Relevant resources and equipment to perform the calculations effectively are acquired
- Simple spreadsheets are developed where necessary to perform calculations that may be repeated
- Select appropriate methods and carry out financial calculations
- Hand held calculators are primarily used for performing calculations with other equipment that may be required identified and obtained as necessary
- Calculations to complete the work requirements are performed using appropriate techniques
- Data used in calculations is rechecked against task specifications
- Check calculations and record outcomes
- Results are checked to ensure the calculations are accurate, meet the required outcomes with common computational errors recognised and corrected where required
- Calculation results are recorded to industry standards and enterprise requirements
- Calculation worksheets are stored or electronically filed for future use