Required skills

communication skills to

determine and confirm report requirements using questioning and active listening as required

liaise with others share information listen and understand

use language and concepts appropriate to cultural differences

literacy skills to

read and interpret documentation from a variety of sources

read and interpret financial statements and reports

welldeveloped writing skills for preparing reports and recommendations recording and classifying financial information

numeracy skills for financial calculations and analysis

IT skills for setting up and analysing spreadsheets

estimating forecasting and analysis skills

organisational skills including the ability to plan and sequence work and meet organisational timelines

Required knowledge

ethical considerations for the handling of financial matters including conflict of interests

financial legislation including for

taxable transactions

reporting requirements

forecasting and analysis techniques

methods of presenting financial data

options methods and practices for deductions benefits and depreciations

organisational guidelines and procedures

principles of doubleentry bookkeeping and accrual accounting

The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria required skills and knowledge range statement and the Assessment Guidelines for the Training Package

Overview of assessment

Critical aspects for assessment and evidence required to demonstrate competency in this unit

Evidence of the ability to

interpret and comply with organisational policies and procedures

access analyse and compile relevant financial data

draft comprehensive and accurate reports and financial statements

Context of and specific resources for assessment

Assessment must ensure

competency is demonstrated in the context of the financial services work environment and conditions specified in the range statement either in a relevant workplace or a closely simulated work environment

access to and the use of a range of common office equipment technology software and consumables

Method of assessment

A range of assessment methods should be used to assess practical skills and knowledge The following examples in combination are appropriate for this unit

evaluating an integrated activity which combines the elements of competency for the unit or a cluster of related units of competency

simulated tasks involving preparation of reports from supplied data

verbal or written questioning on underpinning knowledge and skills

evaluating samples of work

Guidance information for assessment

Data may include:

Organisational policies and procedures may include:

Report types and formats may include:

Organisations may include:

Relevant persons may include: