Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSFLT205A Mapping and Delivery Guide
Develop understanding of the Australian financial system and markets
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSFLT205A - Develop understanding of the Australian financial system and markets |
---|---|---|---|
Description | This unit describes the performance outcomes, skills and knowledge required to understand the financial systems and markets operating in Australia, including identifying the main participants in financial markets, the role of the central bank, the impact of its decisions on business and consumers, key factors that influence the Australian economy and the role of financial regulators.No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement. | ||
Employability Skills | This unit contains employability skills. | ||
Learning Outcomes and Application | This unit has wide application and may be used in workplaces, schools, adult and community learning organisations or Registered Training Organisations (RTOs) in order to build the financial literacy of learners. The unit may also be used as part of pre-vocational or new apprenticeship programs or as part of services provided by counselling or advisory organisations. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
||
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: Describe what is meant by the Australian financial markets |
| |||||||
Element: Explain the function and role of the Reserve Bank of Australia (RBA) |
| |||||||
Element: Explain Australia's monetary system |
| |||||||
Element: Explain the key factors that influence the Australian economy |
| |||||||
Element: Describe the role of regulators |
|