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The Range Statement relates to the unit of competency as a whole. It allows for different work environments and situations that will affect performance.The following variables may be present with training and assessment depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts. If bold italicised text is shown in Performance Criteria, details of the text are provided in the Range Statement. |
Strengths and weaknesses may include: | cash flow schedulesbudget estimatesfinancial monitoringunit costsrevenue forecastsinternal control compliance |
Short and long term obligations may include: | debt retirementsalariesperiodic payments (eg leases, loans)taxation paymentssuperannuationdividendscapital structure decisions |
Standard financial analysis techniques may include: | cost-benefit analysis'what if' analysistime seriesbivariate and multivariate analysisbreak even analysis |
Financial priorities may include: | sales targetsrevenue estimatesrates of returnscost minimisation (capital and recurrent costs)periodic monitoring and transparency of expenditure |
Investments may include: | propertyshares and securities, preference sharesdebenturesplant and equipmentinterest bearing accounts |
Financial options may include: | cost recoveriesbudget absorptionpurchasesadjustment of borrowingsasset liquidationlong term investmentsexpenditure re-prioritisationequity injections |
Assets and liabilities may include: | property investmentsshares, bonds, securitiesloans, leases, debtsplant and equipmentpersonnelcashinvestments |
Organisational policies and procedures may include: | price and exchange parametersreporting requirementsfinancial analysis assessmentsrecording and filing systemsstandard financial analysis techniquesfinancial management manuals |
Standard accounting techniques may include: | discounted cash flowsdeprival asset valuationsrates of returnpay back periodsimpact statementspro-rata and percentage apportionmentdirect allocationbreak-even analysis |
Risk strategiesmay include: | quantification of risksperiodic reportingdecision making authoritiespolicy statementsforecastingcomparative analysiscapital structure |