REQUIRED KNOWLEDGEampSKILLS

Knowledge requirements include

options methods and practices for deductions benefits and depreciations

organisational guidelines and procedures

principles of double entry bookkeeping and accrual accounting

forecasting and analysis techniques

methods of presenting financial data

financial legislation eg taxable transactions reporting requirements

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

Skills requirements include

interpersonal skills and communications eg liaising listening consulting

report writing preparation and formatting

numeracy skills for calculating data

identifying and solving discrepancies in data

researching for data testing and collection

working with others to prepare reports

managing own time and workplace priorities

information technology skills for set up and use of spreadsheets and preparation of documents

EVIDENCE GUIDE

Assessment of performance requirements in the unit should be undertaken in an industry context The Evidence Guide identifies the critical aspects knowledge and skills to be demonstrated to confirm competency for the unit Competency is demonstrated by performance of all stated criteria including the Range Statement applicable to the workplace

Overview of assessment requirements

To achieve competency in this unit a person must be able to demonstrate

knowledge of organisational policies and procedures

ability to compile data

ability to prepare report and financial statements

Critical aspects of evidence

Evidence required for demonstration of consistent performance

Competence in this unit must be assessed over a period of time in order to ensure consistency of performance over the Range Statement and contexts applicable to the work environment

Deliveryassessment relationship to other units

This unit may be assessed on its own or it may be assessed with other units that cover related skills and knowledge

Evidence is most relevant when provided through an integrated activity which combines the elements of competency for the unit or a cluster of units of competency

Assessment requirements

Method of assessment

For valid and reliable assessment of this unit evidence should be gathered through a range of methods to indicate consistent performance

Assessment of this unit of competence will usually include observation of processes and procedures oral andor written questioning on underpinning knowledge and skills and other methods as required

People with disabilities may use assistive technologies to demonstrate interview skills and or receive and respond to oral and or written questioning

Context of assessment

Assessment of performance requirements in this unit should be undertaken within the financial services industry context and should cover aspects of personalfinancial responsibility and accountability

Aspects of competency including the attainment of relevant knowledge and skills may be assessed in a relevant workplace a closely simulated work environment or other appropriate means that clearly meet industry competency requirements

Resources required for assessment

Assessment of this unit of competence requires access to suitable resources to demonstrate competence

Assessment instruments including personal planner and assessment record book

Access to registered provider of assessment services

Datamay include:

Organisational policies and procedures may include:

Report formats may include:

Organisations may include:

Relevant persons may include, but is not limited to: