PSPGEN079
Undertake strategic financial analysis


Application

This unit describes the skills required to perform strategic financial analysis in the public sector. It includes analysing organisational issues, determining the current resource position of the organisation, and assisting in identifying and assessing resourcing strategies.

This unit applies to those working in the public sector providing specialist financial analysis.

The skills and knowledge described in this unit must be applied within the legislative, regulatory and policy environment in which they are carried out. Organisational policies and procedures must be consulted and adhered to.

Those undertaking this unit would work autonomously, supervising others where necessary, performing complex tasks in a familiar context.

No licensing, legislative or certification requirements apply to unit at the time of publication.


Elements and Performance Criteria

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes

Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the range of conditions section.

1. Analyse organisational issues

1.1 Identify the financial management implications of the internal and external issues facing the organisation.

1.2 Consult internal and external stakeholders and identify the impact of their expectations on financial management.

1.3 Analyse information to identify strategic financial management issues and the impact of legislative requirements.

2. Ascertain the current resource position of the organisation

2.1 Identify existing strategic priorities and confirm their resource requirements.

2.2 Asses the economic viability of proposed goals and objectives and identify resource requirements.

2.3 Prepare resource assessments to confirm the current resource position and seek endorsement by management.

3. Assist in identifying and assessing resourcing strategies

3.1 Consider the financial implications of alternative resourcing and program delivery strategies.

3.2 Use financial evaluation techniques to assess the effect and financial sensitivity of alternative strategies and program variations.

Evidence of Performance

Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the candidate must demonstrate evidence of performance of the following on at least one occasion.

interpreting organisational information in financial terms

preparing strategies and reports requiring precision of expression

financial assessment and evaluation

applying environmental and work health and safety procedures relating to working in the public sector


Evidence of Knowledge

Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the depth of knowledge demonstrated must be appropriate to the job context of the candidate.

public sector legislation including work health and safety and environment, policies and processes relating to public sector finance

strategic planning processes

undertaking financial evaluation techniques

alternative resourcing strategies

forecasting, financial sensitivity testing and cost-benefit analysis


Assessment Conditions

This unit contains no specific industry-mandated assessment conditions. Guidance on suggested and recommended conditions and methods can be found in the Implementation Guide.

Assessors must satisfy the NVR/AQTF mandatory competency requirements for assessors.


Foundation Skills

Foundation skills are embedded within the elements and performance criteria of this unit.


Competency Field

General