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

FNSACCT605B Mapping and Delivery Guide
Implement organisational improvement programs

Version 1.0
Issue Date: April 2024


Qualification -
Unit of Competency FNSACCT605B - Implement organisational improvement programs
Description This unit covers the competency to analyse and promote organisational improvements in resources management.This unit covers the competency to analyse and promote organisational improvements in resources management.
Employability Skills The required outcomes described in this unit of competency contain applicable facets of employability skills. The Employability Skills Summary for the qualification in which this unit of competency is packaged, will assist in identifying employability skills requirements.The required outcomes described in this unit of competency contain applicable facets of employability skills. The Employability Skills Summary for the qualification in which this unit of competency is packaged, will assist in identifying employability skills requirements.
Learning Outcomes and Application This unit requires the application of skills and knowledge required to implement organisational improvement programs. The unit encompasses reviewing current improvement programs, contributing to strategic development, developing options for improvement and establishing systems to support changes. The unit has application across all sectors of the financial services sectors and can be applicable to those job positions such as quality assurance officers and project managers. This unit requires the application of skills and knowledge required to implement organisational improvement programs. The unit encompasses reviewing current improvement programs, contributing to strategic development, developing options for improvement and establishing systems to support changes. The unit has application across all sectors of the financial services sectors and can be applicable to those job positions such as quality assurance officers and project managers.
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: Review programs
  • Program costs and estimates are compared with budget allocations and financial projections
  • Impact of revenue, cost and operational changes on program together with project completion costs plus program objectives are analysed and estimated using standard financial analysis and resource management techniques
  • Program outcomes and performance are evaluated against objectives to identify variations, contingencies, and scope for review and development
  • Financing options, including costs and timeframes and expected returns are assessed against program goals and objectives
       
Element: Contribute to strategic development
  • Long term financial objectives and resource management objectives are developed to support organisational goals and aims
  • Trends and environmental factors are identified through consultation and using standard financial analysis and resource management techniques
  • Realistic assessments are made of financial and resource management implications of external influencing factors on future objectives and present position
  • Organisational strengths and weaknesses are evaluated against external relationships and environmental factors
       
Element: Develop options for improvement
  • Causes of variations in projected organisational outcomes are identified and appropriate contingency plans are developed and implemented to minimise losses
  • Organisational plans are regularly reviewed to encompass changes to operational environment and assess factors influencing achievement of objectives
  • Improvement options are identified and evaluated against organisational weaknesses
       
Element: Establish systems to support change
  • Strategic reviews monitor program allocations including analysis of resource management needs, information technology needs and management processes
  • Expenditure and revenue items are monitored to ensure compliance with budget and variations identified
  • Aims and goals of identified changes are communicated systematically to staff and personnel using recognised communication processes and techniques
  • Information on changes is readily available and procedures and guidelines are developed to promote absorption of changes into 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.

EVIDENCE GUIDE

Assessment of performance requirements in the unit should be undertaken in an industry context. The Evidence Guide identifies the critical aspects, knowledge and skills to be demonstrated to confirm competency for the unit. Competency is demonstrated by performance of all stated criteria including the Range Statement applicable to the workplace.

Overview of assessment requirements

To achieve competency in this unit, a person must be able to demonstrate:

knowledge of standard financial analysis management techniques

ability to review programs

ability to contribute to strategic development

ability to develop options for improvement

ability to establish systems to support change

knowledge of organisational policies and procedures

Critical aspects of evidence

Evidence required for demonstration of consistent performance:

Competence in this unit must be assessed over a period of time in order to ensure consistency of performance over the Range Statement and contexts applicable to the work environment.

Delivery/assessment relationship to other units:

This unit may be assessed on its own or it may be assessed with other units that cover related skills and knowledge.

Evidence is most relevant when provided through an integrated activity, which combines the elements of competency for the unit, or a cluster of units of competency.

Assessment requirements

Method of assessment:

For valid and reliable assessment of this unit, evidence should be gathered through a range of methods to indicate consistent performance.

Assessment of this unit of competence will usually include observation of processes and procedures, oral and/or written questioning on underpinning knowledge and skills and other methods as required.

Context of assessment:

Assessment of performance requirements in this unit should be undertaken within the financial services industry context and should cover aspects of personal/financial responsibility and accountability.

Aspects of competency, including the attainment of relevant knowledge and skills, may be assessed in a relevant workplace, a closely simulated work environment, or other appropriate means that clearly meet industry competency requirements.

Resources required for assessment:

Assessment of this unit of competence requires access to suitable resources to demonstrate competence.

Assessment instruments, including personal planner and assessment record book.

Access to registered provider of assessment services.

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 KNOWLEDGE&SKILLS

Knowledge requirements include:

principles of cost-benefit analysis

principles of internal control (including statutory requirements)

principles of resource management

knowledge of recording and information management systems

knowledge of planning techniques (eg SWOT analysis techniques)

financial legislation (eg taxable transactions, reporting requirements)

sound knowledge of financing options

ethical considerations for compliance

Skills requirements include:

recording, gathering and consolidating financial and resource information

planning skills for scheduling and timetabling implementation

capacity to maintain confidences and operate with discretion

interpersonal skills and communication skills (eg liaising, listening, consulting)

report writing and preparation

numeracy skills for calculation of data

The Range Statement relates to the unit of competency as a whole. It allows for different work environments and situations that will affect performance.

The following variables 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. If bold italicised text is shown in Performance Criteria, details of the text are provided in the Range Statement.

Financial projections may include:

forecasts (eg annual, quarterly)

sales and revenues

tax liabilities

employee costs

profits and losses

rates of returns

Resource management techniques may include:

process analysis

activity analysis

material resource planning and programming

scenario planning

business process re-engineering

benchmarking

value added management

Long term financial objectives may include:

debt retirement

self financing

downsizing

expansion

unit cost reduction

sales targets

Environmental factors may include:

inflation

competitors' behaviour

market share

consumer demand

skills shortages

technology trends

Standard financial analysis techniques may include:

cost-benefit analysis

'what if' analysis

time series

bivariate and multivariate analysis

Organisational strengths and weaknesses may include:

recording systems

work practices

attitudes to risk

market profile

decision making authorities

skills profiles

debt to equity ratio

Variations in projected organisational outcomes may include:

budget expenditures

profits and losses

rate of investment returns

unit costs

sales and revenues

throughput times

response times

quality measures

Improvement options may include:

technical change

organisational change

process redesign

total quality management

debt rescheduling

cash flow monitoring

recruitment

cost-benefit analysis

external advice

Management processes may include:

internal reporting

sign-off authorities

program responsibilities

lending approvals

Expenditure and revenue items may include:

revenue producing expenditures

discretionary expenditures

'stay in business' expenditure

supplier payments

sales

commissions

fees

Recognised communication processes and techniques may include:

staff meetings

newsletters

memos

documented procedures and staff manuals

workshops

task forces

cross functional teams

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
Program costs and estimates are compared with budget allocations and financial projections 
Impact of revenue, cost and operational changes on program together with project completion costs plus program objectives are analysed and estimated using standard financial analysis and resource management techniques 
Program outcomes and performance are evaluated against objectives to identify variations, contingencies, and scope for review and development 
Financing options, including costs and timeframes and expected returns are assessed against program goals and objectives 
Long term financial objectives and resource management objectives are developed to support organisational goals and aims 
Trends and environmental factors are identified through consultation and using standard financial analysis and resource management techniques 
Realistic assessments are made of financial and resource management implications of external influencing factors on future objectives and present position 
Organisational strengths and weaknesses are evaluated against external relationships and environmental factors 
Causes of variations in projected organisational outcomes are identified and appropriate contingency plans are developed and implemented to minimise losses 
Organisational plans are regularly reviewed to encompass changes to operational environment and assess factors influencing achievement of objectives 
Improvement options are identified and evaluated against organisational weaknesses 
Strategic reviews monitor program allocations including analysis of resource management needs, information technology needs and management processes 
Expenditure and revenue items are monitored to ensure compliance with budget and variations identified 
Aims and goals of identified changes are communicated systematically to staff and personnel using recognised communication processes and techniques 
Information on changes is readily available and procedures and guidelines are developed to promote absorption of changes into organisational practices 

Forms

Assessment Cover Sheet

FNSACCT605B - Implement organisational improvement programs
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

FNSACCT605B - Implement organisational improvement programs

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: