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

DEFFIN004 Mapping and Delivery Guide
Support strategic financial management in the public sector environment

Version 1.0
Issue Date: March 2024


Qualification -
Unit of Competency DEFFIN004 - Support strategic financial management in the public sector environment
Description
Employability Skills
Learning Outcomes and Application This unit describes the skills and knowledge required to support strategic financial management in the public sector environment.This unit applies to those working in the Finance Domain who would be required to undertake financial administration activities.The skills and knowledge described in this unit must be applied within the legislative, regulatory and policy environment in which they are carried out. Organisational policies and procedures must be consulted and adhered to, particularly those related to financial administration.Those undertaking this unit would work independently or as part of a team, under direct supervision. They must be able to use discretion and judgement and take responsibility for the quality of their outputs. They would perform complex tasks in familiar context.No licensing, legislative or certification requirements apply to unit at the time of publication.
Duration and Setting X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting.

As a minimum, assessors must satisfy applicable regulatory requirements, which include requirements in the Standards for Registered Training Organisations, current at the time of assessment.

As a minimum, assessment must satisfy applicable regulatory requirements, which include requirements in the Standards for Registered Training Organisations, current at the time of assessment.

Assessment must occur in workplace operational situations where it is appropriate to do so; where this is not appropriate, assessment must occur in simulated workplace operational situations that replicate workplace conditions.

Assessment processes and techniques must be appropriate to the language, literacy and numeracy requirements of the work being performed and the needs of the candidate.

Resources for assessment must include access to:

a range of relevant exercises, case studies and/or other simulations

relevant and appropriate materials, tools, equipment and personal protective equipment (PPE) currently used in industry

applicable documentation, including workplace procedures, regulations, codes of practice and operation manuals

acceptable means of simulated assessment.

Prerequisites/co-requisites
Competency Field Financial Management
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: Apply subject matter expertise
  • Provide input into the development of financial management policies
  • Provide advice on financial management issues
       
Element: Support financial management strategies
  • Identify organisational priorities and stakeholder needs
  • Contribute to the development of a plan outlining expected strategies and outcomes
  • Identify factors that may affect achievement of objectives and targets
       
Element: Support financial risk management
  • Identify potential risks to organisational financial management
  • Provide input into risk analysis
  • Apply risk management strategies
  • Monitor risk outcomes
       


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.

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1

Apply subject matter expertise

1.1

Provide input into the development of financial management policies

1.2

Provide advice on financial management issues

2

Support financial management strategies

2.1

Identify organisational priorities and stakeholder needs

2.2

Contribute to the development of a plan outlining expected strategies and outcomes

2.3

Identify factors that may affect achievement of objectives and targets

3

Support financial risk management

3.1

Identify potential risks to organisational financial management

3.2

Provide input into risk analysis

3.3

Apply risk management strategies

3.4

Monitor risk outcomes

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria on at least one occasion and include:

consulting and providing advice on financial management issues

supporting the implementation of policy and procedural changes

supporting stakeholder relationships

providing input into the development of policy and procedure documents.

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria and include knowledge of:

Commonwealth policies impacting on individual role

financial management policy structure

key internal and external stakeholders

organisational policies and procedures impacting on individual role

priorities, activities, issues and trends affecting the organisation.


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.

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1

Apply subject matter expertise

1.1

Provide input into the development of financial management policies

1.2

Provide advice on financial management issues

2

Support financial management strategies

2.1

Identify organisational priorities and stakeholder needs

2.2

Contribute to the development of a plan outlining expected strategies and outcomes

2.3

Identify factors that may affect achievement of objectives and targets

3

Support financial risk management

3.1

Identify potential risks to organisational financial management

3.2

Provide input into risk analysis

3.3

Apply risk management strategies

3.4

Monitor risk outcomes

Range is restricted to essential operating conditions and any other variables essential to the work environment.

Non-essential conditions may be found in the Companion Volume Implementation Guide.

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
Provide input into the development of financial management policies 
Provide advice on financial management issues 
Identify organisational priorities and stakeholder needs 
Contribute to the development of a plan outlining expected strategies and outcomes 
Identify factors that may affect achievement of objectives and targets 
Identify potential risks to organisational financial management 
Provide input into risk analysis 
Apply risk management strategies 
Monitor risk outcomes 

Forms

Assessment Cover Sheet

DEFFIN004 - Support strategic financial management in the public sector environment
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

DEFFIN004 - Support strategic financial management in the public sector environment

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: