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

FNSACC407A Mapping and Delivery Guide
Produce job costing information

Version 1.0
Issue Date: May 2024


Qualification -
Unit of Competency FNSACC407A - Produce job costing information
Description This unit covers the competency to calculate and record the job costs of products and services
Employability Skills This unit contains employability skills.
Learning Outcomes and Application This unit requires the application of skills and knowledge required to produce job costing information. The unit encompasses gathering and recording operating and cost data and producing cost reports.
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: Gather and record operating and cost data
  • Data is extracted from established systems
  • Data is systematically coded, classified and checked for accuracy and reliability in accordance with organisational policies and procedures
       
Element: Produce cost reports
  • Costs are assigned to specified products and services
  • Data is reconciled to ensure calculations are accurate and comply with organisational procedures
  • Cost information advice is sought from all sections of the organisation when formulating budgets
  • Structure and format of budgets and reports are clear and conform to management information requirements
  • Variances against budget are identified
  • Reports are error free, comprehensive and comply with management requirements and organisational practices
       


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.

The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.

Overview of assessment

Critical aspects for assessment and evidence required to demonstrate competency in this unit

Evidence of the ability to:

demonstrate knowledge of organisational operating procedures

demonstrate knowledge of relevant legislation

demonstrate knowledge of standard accounting principles and practices

gather and record operating and costs data

produce cost reports

Context of and specific resources for assessment

Assessment must ensure:

competency is demonstrated in the context of the financial services work environment and conditions specified in the range statement either in a relevant workplace or a closely simulated work environment

access to and the use of a range of common office equipment, technology, software and consumables

access to financial services product information

access to information about a workplace policy and procedures.

Method of assessment

A range of assessment methods should be used to assess practical skills and knowledge. The following examples, in combination, are appropriate for this unit:

evaluating an integrated activity, which combines the elements of competency for the unit, or a cluster of related units of competency

observing processes and procedures in workplaces

verbal or written questioning on underpinning knowledge and skills

evaluating samples of work

accessing and validating third party reports

setting and reviewing workplace projects and business simulations or scenarios.

Guidance information for assessment


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.

Required skills

communication skills to:

use questioning and active listening to gather and check information

liaise and share information with others

communicate appropriately with people from diverse backgrounds

numeracy skills to:

interpret numeric data and relevant statistics and from this perform calculations related to achieving required outcomes

IT skills to:

use computer applications (word processing, spreadsheet, database, specific purpose computer systems)

access and update records electronically

reading skills to:

read and understand relevant procedures

read and interpret applications and supporting documentation

writing skills to:

accurately record information

prepare reports

organisational skills to efficiently plan and sequence work

problem solving skills to address inaccuracies and omissions in data

analytical skills to effectively analyse information and data.

Required knowledge

principles of costing

organisational operating procedures

common routines for recording and storing data

principles of internal control (including statutory reporting)

methods of data protection including back ups and security

principles and practices of budgetary control (e.g. double entry bookkeeping and accrual accounting)

financial legislation (e.g. taxable transactions, reporting requirements)

ethical considerations for the handling of financial reconstruction (e.g. conflict of interests, confidentiality, disclosure requirements).

The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that 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) may also be included.

Data may include:

inventory, materials and finished product records

consumables records

records of purchases and associated costs

labour utilisation records

materials used

payroll records

manufacturing and general overhead costs

service charge out rates

Costs assignments may include:

direct and indirect costs

labour, materials and overheads

manufacturing costs

service costs

Budgets may include:

materials usage

labour usage

manufacturing overhead

costing budgets

Reports may include:

variance analysis reports

job and service profitability reports

performance reports

Report formats may include:

job cost records

service cost analysis

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
Data is extracted from established systems 
Data is systematically coded, classified and checked for accuracy and reliability in accordance with organisational policies and procedures 
Costs are assigned to specified products and services 
Data is reconciled to ensure calculations are accurate and comply with organisational procedures 
Cost information advice is sought from all sections of the organisation when formulating budgets 
Structure and format of budgets and reports are clear and conform to management information requirements 
Variances against budget are identified 
Reports are error free, comprehensive and comply with management requirements and organisational practices 

Forms

Assessment Cover Sheet

FNSACC407A - Produce job costing information
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

FNSACC407A - Produce job costing information

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: