REQUIRED KNOWLEDGEampSKILLS

Knowledge requirements include

principles of costbenefit analysis and use of forecasting techniques

principles of capital budgeting analysis and investment analysis

options methods and practices for deductions benefits and depreciations

ethical considerations eg conflict of interests confidentiality disclosure requirements

principles and methods of valuation

Skills requirements include

interpersonal skills and communication skills eg liaising listening consulting

report writing and preparation

numeracy and statistical skills for calculation of data

organisational structures and lines of management authority

estimating forecasting and assessment skills

reading interpreting financial statements and reports

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 standard accounting techniques

ability to analyse trends in performance

ability to develop performance indicators

identify options for improvements

knowledge of organisational objectives

knowledge of organisational policies and procedures

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

Prerequisite units

FNSACCTB Manage budgets and forecasts

FNSACCT503B Manage budgets and forecasts.

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

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

Data may include:

Standard accounting techniques may include:

Targetsmay include:

Short and long term objectives may include:

Performance indicatorsmay include:

Environmental factors may include:

Factors inhibiting performance may include:

Communication strategies may include: