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

FNSACC612 Mapping and Delivery Guide
Implement reconstruction plan

Version 1.0
Issue Date: May 2024


Qualification -
Unit of Competency FNSACC612 - Implement reconstruction plan
Description
Employability Skills
Learning Outcomes and Application This unit describes the skills and knowledge required to manage plans for the reestablishment of business operations by establishing timelines and objectives, monitoring progress and planning for disaster.It applies to individuals who use specialised knowledge and have well-developed problem-solving and organisational skills to develop options and implement strategies for clients.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
Duration and Setting X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting.

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the accounting field of work and include access to:

common office equipment, technology, software and consumables

an integrated financial software system and data.

Assessors must satisfy NVR/AQTF assessor requirements.
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: Evaluate options for reconstruction
  • Identify, locate and secure assets and liabilities to be included in reconstruction plan
  • Analyse organisation’s comparative market position to identify advantages and disadvantages of operations
  • Ensure sources of financing are tax efficient and that optimal balances are achieved between minimising costs of servicing, financing and maintaining liquidity
  • Establish and assess short-term and long-term financial obligations for organisation against client objectives and expectations
  • Establish reconstruction milestones in consultation with stakeholders to identify significant deviations from expected returns
  • Identify relevant legislative and regulatory requirements impacting on insolvency and reconstruction options
       
Element: Establish timelines and objectives
  • Allocate operational liaison and reporting responsibilities to appropriate personnel to ensure completion of tasks
  • Develop implementation schedules with defined target dates, and communicate and confirm with stakeholders
  • Develop, modify and agree on performance indicators for completion of projects in planning process
       
Element: Monitor progress
  • Identify, acquire and validate operational data relevant to reconstruction plan
  • Support day-to-day administration of program by liaison and regular reporting
  • Assess delays and bottlenecks in implementation, and develop and negotiate solutions
  • Analyse and document results of progress in accordance with plan
       
Element: Plan for disaster
  • Confirm triggers for implementation arrangements with stakeholders and communicate to relevant personnel
  • Establish and document contingency plans in line with operational performance indicators
       


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.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

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

1. Evaluate options for reconstruction

1.1 Identify, locate and secure assets and liabilities to be included in reconstruction plan

1.2 Analyse organisation’s comparative market position to identify advantages and disadvantages of operations

1.3 Ensure sources of financing are tax efficient and that optimal balances are achieved between minimising costs of servicing, financing and maintaining liquidity

1.4 Establish and assess short-term and long-term financial obligations for organisation against client objectives and expectations

1.5 Establish reconstruction milestones in consultation with stakeholders to identify significant deviations from expected returns

1.6 Identify relevant legislative and regulatory requirements impacting on insolvency and reconstruction options

2. Establish timelines and objectives

2.1 Allocate operational liaison and reporting responsibilities to appropriate personnel to ensure completion of tasks

2.2 Develop implementation schedules with defined target dates, and communicate and confirm with stakeholders

2.3 Develop, modify and agree on performance indicators for completion of projects in planning process

3. Monitor progress

3.1 Identify, acquire and validate operational data relevant to reconstruction plan

3.2 Support day-to-day administration of program by liaison and regular reporting

3.3 Assess delays and bottlenecks in implementation, and develop and negotiate solutions

3.4 Analyse and document results of progress in accordance with plan

4. Plan for disaster

4.1 Confirm triggers for implementation arrangements with stakeholders and communicate to relevant personnel

4.2 Establish and document contingency plans in line with operational performance indicators

Evidence of the ability to:

analyse asset and liability classification to evaluate options for reconstruction that comply with relevant legislation and regulatory requirements

establish reconstruction timelines and objectives, and monitor progress

develop contingency plans that include plans for disaster.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

To complete the unit requirements safely and effectively, the individual must:

identify and explain the key principles of legislation as they relate to insolvency management covering:

trade practices and corporation law

taxation assessment

workplace relations

consumer and competition

privacy legislation

explain the application of depreciation methods allowed by tax authorities

compare and contrast the duties and responsibilities of:

administrators and liquidators

auditors

discuss ethical considerations for the handling of financial reconstruction

identify and explain the key principles of valuation and processes for asset disposal.

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.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

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

1. Evaluate options for reconstruction

1.1 Identify, locate and secure assets and liabilities to be included in reconstruction plan

1.2 Analyse organisation’s comparative market position to identify advantages and disadvantages of operations

1.3 Ensure sources of financing are tax efficient and that optimal balances are achieved between minimising costs of servicing, financing and maintaining liquidity

1.4 Establish and assess short-term and long-term financial obligations for organisation against client objectives and expectations

1.5 Establish reconstruction milestones in consultation with stakeholders to identify significant deviations from expected returns

1.6 Identify relevant legislative and regulatory requirements impacting on insolvency and reconstruction options

2. Establish timelines and objectives

2.1 Allocate operational liaison and reporting responsibilities to appropriate personnel to ensure completion of tasks

2.2 Develop implementation schedules with defined target dates, and communicate and confirm with stakeholders

2.3 Develop, modify and agree on performance indicators for completion of projects in planning process

3. Monitor progress

3.1 Identify, acquire and validate operational data relevant to reconstruction plan

3.2 Support day-to-day administration of program by liaison and regular reporting

3.3 Assess delays and bottlenecks in implementation, and develop and negotiate solutions

3.4 Analyse and document results of progress in accordance with plan

4. Plan for disaster

4.1 Confirm triggers for implementation arrangements with stakeholders and communicate to relevant personnel

4.2 Establish and document contingency plans in line with operational performance indicators

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, locate and secure assets and liabilities to be included in reconstruction plan 
Analyse organisation’s comparative market position to identify advantages and disadvantages of operations 
Ensure sources of financing are tax efficient and that optimal balances are achieved between minimising costs of servicing, financing and maintaining liquidity 
Establish and assess short-term and long-term financial obligations for organisation against client objectives and expectations 
Establish reconstruction milestones in consultation with stakeholders to identify significant deviations from expected returns 
Identify relevant legislative and regulatory requirements impacting on insolvency and reconstruction options 
Allocate operational liaison and reporting responsibilities to appropriate personnel to ensure completion of tasks 
Develop implementation schedules with defined target dates, and communicate and confirm with stakeholders 
Develop, modify and agree on performance indicators for completion of projects in planning process 
Identify, acquire and validate operational data relevant to reconstruction plan 
Support day-to-day administration of program by liaison and regular reporting 
Assess delays and bottlenecks in implementation, and develop and negotiate solutions 
Analyse and document results of progress in accordance with plan 
Confirm triggers for implementation arrangements with stakeholders and communicate to relevant personnel 
Establish and document contingency plans in line with operational performance indicators 

Forms

Assessment Cover Sheet

FNSACC612 - Implement reconstruction plan
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

FNSACC612 - Implement reconstruction plan

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: