Required skills

communication skills to

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

liaise with others share information listen and understand

use language and concepts appropriate to cultural differences

research skills such as

accessing and managing information

interpreting documentation

coordinating tasks

numeracy and IT skills such as

calculating financial ratios and related information

accessing and using appropriate software such as spreadsheets and databases

literacy skills to read and interpret documentation from a variety of sources and recording gathering and consolidating financial information

organisational skills including the ability to plan and sequence work

problem solving skills to address data integrity issues

Required knowledge

banking processes

process for entering data into general ledgers

inventory valuation rules

reconciliation processes

spreadsheets functions

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 apply organisational policies and procedures and inventory valuation rules

make inventory flow assumptions and record inventory flows

prepare schedules and ad hoc reports

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

observing processes and procedures in workplaces or role plays

verbal or written questioning on underpinning knowledge and skills

evaluating samples of work

accessing and validating third party reports

Guidance information for assessment

Documentation may include:

Inventory flow assumptions may include:

Inventory valuation rules may include:

Organisation's policies, procedures and practices may include:

Ad hoc reports may include: