Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSORG506 Mapping and Delivery Guide
Prepare financial forecasts and projections
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSORG506 - Prepare financial forecasts and projections |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the skills and knowledge required to plan a financial forecast or projection, identify assumptions and parameters, collect, consolidate and analyse data, make forecasts or projections, document results and obtain approval.It applies to experienced individuals who use a range of specialist and managerial techniques to plan and carry out their work, and provide direction to 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 organisational skills field of work and include access to: office equipment, technology, software and consumables an integrated financial software system and data organisational policy and procedures documentation. 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: Plan preparation timetable |
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Element: Identify assumptions and parameters |
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Element: Issue instructions and relevant aids for preparation of forecasts and projections |
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Element: Collect, consolidate, model and analyse data |
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Element: Document results and obtain approval |
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