Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSCRD503 Mapping and Delivery Guide
Promote understanding of the role and effective use of consumer credit
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSCRD503 - Promote understanding of the role and effective use of consumer credit |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the skills and knowledge required to explain the functions and implications of different forms of consumer credit as part of developing the financial skills of clients.It applies to individuals who use a range of communication styles and techniques to provide comprehensive analysis of information in managerial support or service roles, particularly to clients with minimal financial awareness. No licensing, legislative or certification requirements apply to this unit at the time of publication. | ||
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 credit management field of work and include access to: common office equipment, technology and consumables financial services product information relevant software systems and data organisational policy and procedures. Assessors must satisfy NVR/AQTF assessor requirements. |
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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 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Identify types of appropriate consumer credit options for clients |
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Element: Identify and discuss costs of using credit |
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Element: Promote effective use of consumer credit |
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Element: Provide clients with information regarding credit reference reports |
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