Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSFLT501 Mapping and Delivery Guide
Assist customers to budget and manage own finances
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSFLT501 - Assist customers to budget and manage own finances |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the skills and knowledge required to assist customers to develop basic budgeting skills as a way to manage day-to-day living expenses and work towards identified financial goals and priorities.It applies to individuals who use specialised knowledge to build relationships and provide financial counselling to contribute to the development of financial literacy in others.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 financial literacy field and include access to: office equipment, technology, software and consumables financial services product information. 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: Assist customers to identify financial goals and priorities |
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Element: Discuss purposes of developing and implementing a personal budget |
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Element: Assist customers to develop budget |
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Element: Provide ongoing assistance to customers |
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