The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!
From the Wiki University
What evidence can you provide to prove your understanding of each of the following citeria?
Analyse financial reports
|
|
Interpret taxation reports and determine accounts to be true and fair Completed |
Evidence:
|
Review and interpret management reports generated by the enterprise Completed |
Evidence:
|
Determine distribution of profit Completed |
Evidence:
|
Use financial analysis tools
|
|
Calculate gross margins and relevant breakdowns of profit and loss Completed |
Evidence:
|
Calculate ratios related to production activity, solvency and liquidity, gearing and profitability Completed |
Evidence:
|
Source and compare relevant performance benchmarks Completed |
Evidence:
|
Identify and analyse trends in production and profitability Completed |
Evidence:
|
Identify opportunities for increasing profit
|
|
Assess yield or production potential and determine current position Completed |
Evidence:
|
Identify key issues related to production efficiency Completed |
Evidence:
|
Identify key issues related to market return Completed |
Evidence:
|
Develop strategies for improving business performance
|
|
Use Strengths, Weaknesses, Opportunities and Threats (SWOT) approach to determine possible strategies for addressing production and marketing issues Completed |
Evidence:
|
Perform sensitivity analyses to evaluate strategies Completed |
Evidence:
|