Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners

CPPREP4505 Mapping and Delivery Guide
Value goods, chattels, plant and equipment

Version 1.0
Issue Date: May 2024


Qualification -
Unit of Competency CPPREP4505 - Value goods, chattels, plant and equipment
Description
Employability Skills
Learning Outcomes and Application This unit specifies the skills and knowledge required to value goods, chattels, plant and equipment. It includes obtaining valuation instructions from the client, conducting research and inspection activities to support the valuation, applying appropriate methodologies to assess value, and presenting a documented valuation report to the client.The unit applies to industry professionals in real estate.State or territory licensing requirements may apply to this unit.
Duration and Setting X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting.
Prerequisites/co-requisites
Competency Field
Development and validation strategy and guide for assessors and learners Student Learning Resources Handouts
Activities 		Slides
PPT 		Assessment 1 Assessment 2 Assessment 3 Assessment 4
Elements of Competency Performance Criteria              
Element: Obtain, interpret and confirm instructions.
  • Confirm client requirements and instructions for the valuation of goods, chattels, plant and equipment according to legislative requirements.
  • Discuss agency requirements and processes for the valuation of goods, chattels, plant and equipment with client.
  • Confirm status and ownership of goods, chattels, plant and equipment offered for valuation.
  • Obtain written agreement to proceed with valuation according to legislation in the state or territory of operation.
       
Element: Conduct research to support valuation.
  • Analyse documents, reports and historical financial records for goods, chattels, plant and equipment offered for valuation.
  • Analyse information to confirm history of goods and chattels and maintenance history of plant and equipment.
  • Analyse advice and preliminary market evidence of value and replacement costs of goods, chattels, plant and equipment.
  • Confirm safety and legal compliance of goods, chattels, plant and equipment according to legislative requirements.
       
Element: Inspect goods, chattels, plant and equipment.
  • Arrange inspection of goods, chattels, plant and equipment in consultation with client.
  • Confirm identity of goods, chattels, plant and equipment offered for valuation according to with client instructions.
  • Conduct visual inspection of goods, chattels, plant and equipment to gather additional information to support valuation.
  • Record inspection details and compile field notes.
       
Element: Apply valuation methodology.
  • Obtain and analyse cost and market information for goods, chattels, plant and equipment.
  • Select and apply valuation methodology suitable to the types of goods, chattels, plant and equipment considering data compiled from research and inspection activities.
  • Verify accuracy and reliability of collated data and seek additional information required to confirm valuation.
  • Assess value of goods, chattels, plant and equipment according to client instructions.
       
Element: Complete valuation and present to client.
  • Analyse valuation findings to ascertain final valuation, and record according to agency requirements and client instructions.
  • Prepare valuation report in an acceptable format highlighting findings and rationale.
  • Present report to client.
  • Securely maintain records and documentation according to agency requirements.
       

Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assignment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)

Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.
Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
Confirm client requirements and instructions for the valuation of goods, chattels, plant and equipment according to legislative requirements. 
Discuss agency requirements and processes for the valuation of goods, chattels, plant and equipment with client. 
Confirm status and ownership of goods, chattels, plant and equipment offered for valuation. 
Obtain written agreement to proceed with valuation according to legislation in the state or territory of operation. 
Analyse documents, reports and historical financial records for goods, chattels, plant and equipment offered for valuation. 
Analyse information to confirm history of goods and chattels and maintenance history of plant and equipment. 
Analyse advice and preliminary market evidence of value and replacement costs of goods, chattels, plant and equipment. 
Confirm safety and legal compliance of goods, chattels, plant and equipment according to legislative requirements. 
Arrange inspection of goods, chattels, plant and equipment in consultation with client. 
Confirm identity of goods, chattels, plant and equipment offered for valuation according to with client instructions. 
Conduct visual inspection of goods, chattels, plant and equipment to gather additional information to support valuation. 
Record inspection details and compile field notes. 
Obtain and analyse cost and market information for goods, chattels, plant and equipment. 
Select and apply valuation methodology suitable to the types of goods, chattels, plant and equipment considering data compiled from research and inspection activities. 
Verify accuracy and reliability of collated data and seek additional information required to confirm valuation. 
Assess value of goods, chattels, plant and equipment according to client instructions. 
Analyse valuation findings to ascertain final valuation, and record according to agency requirements and client instructions. 
Prepare valuation report in an acceptable format highlighting findings and rationale. 
Present report to client. 
Securely maintain records and documentation according to agency requirements. 

Forms

Assessment Cover Sheet

CPPREP4505 - Value goods, chattels, plant and equipment
Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

Signature:

Date:

Assessment Record Sheet

CPPREP4505 - Value goods, chattels, plant and equipment

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: