REQUIRED KNOWLEDGEampSKILLS

Knowledge requirements include

auditing and reporting requirements

legislation and regulations relating to

finance

taxation

trust accounts

trades practice

security requirements

ethical requirements

accounting and bookkeeping for financial control

financial systems design

administrativeoffice routines and practices

costbenefit analysis

reporting and auditing requirements for small business

computer and manual systems technology and software application of above

systemstechnologysoftware to management of functions of an organisation

occupational health and safety OHampS requirements for the use of screenbased equipment

basic accounting and bookkeeping principles and practice

quality principles and practice

ethical concerns relating to the management of third party monies

Skills requirements include

application of financial management techniques

application of accounting and bookkeeping principles

consulting with stakeholders

performing relevant mathematical calculations

budgeting and costing

research and analysis of current and relevant issues

preparing financial and other reports

problem solving

decision making

planning and organising work

training and mentoring others

operating relevant software packages

performing tasks in a range of relevant computer applications

communicating in a range of business environments with diverse people

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

financial management and planning

risk assessment evaluation and management

financial reporting

compliance with relevant statutory regulatory professional and practice requirements

critical analysis research and evaluation

costing and budgeting

accounting and bookkeeping principles and practices

communication and consultation skills

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 that 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

Context of assessment

This unit should be undertaken within the financial services industry context

Aspects of competency including attainment of relevant knowledge and skills may be assessed in a simulated work environment or other appropriate means

Resources required for assessment

Assessment of this unit of competence requires access to computer equipment facilities for workplace or simulated environment assessment may be required

Financial system may include:

Efficient financial administration must take into account the following factors:

Reporting and procedural requirements may include:

Risk management may include: