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

CUSFIN01A Mapping and Delivery Guide
Finance a project

Version 1.0
Issue Date: March 2024


Qualification -
Unit of Competency CUSFIN01A - Finance a project
Description This unit describes the skills and knowledge required in raising the finance for an artistic or creative project and negotiating the interest of the various parties in the product. This unit is imported from the entertainment industry national training package, with necessary changes made to the range of variables and evidence guide statements ensuring its applicability to the other sectors of the cultural industries.This unit describes the skills and knowledge required in raising the finance for an artistic or creative project and negotiating the interest of the various parties in the product. This unit is imported from the entertainment industry national training package, with necessary changes made to the range of variables and evidence guide statements ensuring its applicability to the other sectors of the cultural industries.
Employability Skills Not applicable.
Learning Outcomes and Application Not applicable.
Duration and Setting X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting.
Prerequisites/co-requisites Not applicable.
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: Clarify the financial scope of the project
  • Identify what the proposal to be financed involves and determine the scope and funding needs of the project
  • Determine the stage of the project at which finance is to be sought
  • Determine the level of funding required and identify the optimum funding arrangements
       
Element: Identify sources of finance
  • Research possible sources of finance
  • Find out how the proposal should be structured to attract the funding from a particular source
  • Determine which sources of funding apply to the type of project proposed and decide which funding source to approach
       
Element: Develop the proposal
  • Decide on the approach to take in the submission and collect material to support the proposal
  • Prepare proposal to include:
       
Element: overview of the project and objectives
       
Element: the purpose and amount of finance required
       
Element: the proposed structure of the project operation
       
Element: the operational and marketing plan
       
Element: projected financial performance
       
Element: management and creative experience involved
       
Element: level of risk involved
       
Element: other appropriate sections depending on the needs of the particular project
  • Develop the proposal in best form to attract funding from the chosen source
  • Include estimates of costs and benefits supported by valid and relevant information
  • Define the structure of the funding plan and the proposed interest of the various parties
       
Element: Obtain legal advice
  • Seek legal advice on all aspects of the proposal such as tax structure, rights and responsibilities and incorporate the advice into the funding proposal
  • Submit the final proposal for advice on compliance with legal, tax and regulatory requirements and get final agreement checked by the lawyers to ensure that it meets the requirements
       
Element: Present the proposal to funding body or prospective investors
  • Make an effective presentation to the funding body or prospective investors using appropriate communication techniques, to explain the details of the proposal emphasising the creative possibilities and the benefits of the project
  • Evaluate the presentation to identify strengths and weaknesses to inform subsequent presentations
       
Element: Negotiate terms and conditions of investment
  • Conduct negotiations with representatives of the funding body or prospective investors to determine terms and conditions of the grant/investment
  • Conduct meetings to discuss financial proposals in a professional and businesslike manner
       
Element: Finalise formal agreement
  • Finalise agreement including accurate information on rights and responsibilities of all parties to the funding agreement and document agreement
  • Circulate documents detailing funding agreement and terms and conditions of the agreement to all stakeholders as quickly as possible.
  • Determine reporting and review process required and set up processes for monitoring compliance with the agreement
  • Include consultation with the legal adviser in the finalisation of the agreement
       


Evidence Required

List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.

Underpinning knowledge and skills

Assessment must include evidence of essential knowledge of, and skills in, the following areas:

the structure of the industry

the range of funding sources

good communications and presentation skills

any incentive or tax concession schemes

high level negotiation skills

Linkages to other units

This unit has strong linkages to the following units and combined training delivery and/or assessment is recommended:

CUEFIN1A Develop a budget

CUSGEN05A Make presentations

CUSADM07A Establish and maintain work/contractual

relationships

CUEFIN03A Obtain sponsorship

Critical aspects of evidence

The following evidence is critical to the judgement of competence in this unit:

the development of a professional and appropriate proposal for funding

ability to negotiate at a high level with funding bodies or investors

Method and context of assessment

Assessment may take place on the job, off the job or a combination of both of these. However, assessment of this unit would most effectively be undertaken on the job due to the specific workplace environment requirements. Off the job assessment must be undertaken in a closely simulated workplace environment.

Assessment may incorporate a range of methods to assess performance and the application of essential underpinning knowledge, and might include:

case studies

work samples or simulated workplace activities

oral questioning/interview

projects/reports/logbooks

third party reports and authenticated prior achievements

portfolios of evidence

Resource requirements

This unit requires access to the sources of information needed to prepare the funding proposal. There is no specialist equipment required apart from access to a computer and appropriate software.

Key Competencies

Level

Collecting, organising and analysing information

3

Communicating ideas and information

3

Planning and organising activities

3

Working with others and in teams

3

Solving problems

3

Using mathematical ideas and techniques

3

Using technology

2


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.

Not applicable.

Range of variables

Variable

Scope

Funding bodies may include:

Government departments

enterprises

individuals

professional organisations

finance institutions

special public funding programs

Projects may include:

feature films

short films

documentaries

radio programs

multimedia games

multimedia education and training programs

advertisements

and a range of other projects

Interest in the project may be:

percentage of profits

share of copyright

product placement

acknowledgments

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
Identify what the proposal to be financed involves and determine the scope and funding needs of the project 
Determine the stage of the project at which finance is to be sought 
Determine the level of funding required and identify the optimum funding arrangements 
Research possible sources of finance 
Find out how the proposal should be structured to attract the funding from a particular source 
Determine which sources of funding apply to the type of project proposed and decide which funding source to approach 
Decide on the approach to take in the submission and collect material to support the proposal 
Prepare proposal to include: 
 
 
 
 
 
 
 
Develop the proposal in best form to attract funding from the chosen source 
Include estimates of costs and benefits supported by valid and relevant information 
Define the structure of the funding plan and the proposed interest of the various parties 
Seek legal advice on all aspects of the proposal such as tax structure, rights and responsibilities and incorporate the advice into the funding proposal 
Submit the final proposal for advice on compliance with legal, tax and regulatory requirements and get final agreement checked by the lawyers to ensure that it meets the requirements 
Make an effective presentation to the funding body or prospective investors using appropriate communication techniques, to explain the details of the proposal emphasising the creative possibilities and the benefits of the project 
Evaluate the presentation to identify strengths and weaknesses to inform subsequent presentations 
Conduct negotiations with representatives of the funding body or prospective investors to determine terms and conditions of the grant/investment 
Conduct meetings to discuss financial proposals in a professional and businesslike manner 
Finalise agreement including accurate information on rights and responsibilities of all parties to the funding agreement and document agreement 
Circulate documents detailing funding agreement and terms and conditions of the agreement to all stakeholders as quickly as possible. 
Determine reporting and review process required and set up processes for monitoring compliance with the agreement 
Include consultation with the legal adviser in the finalisation of the agreement 

Forms

Assessment Cover Sheet

CUSFIN01A - Finance a project
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

CUSFIN01A - Finance a project

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: