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?
Review financial reports and budgets
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Obtain revenue/expenditure/requests/predictions from appropriate person Completed |
Evidence:
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Consider and assess future organisational operations, with reference to all available plans Completed |
Evidence:
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Consider previous financial statements to provide baseline information Completed |
Evidence:
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Review budgets and cash flows using all available information Completed |
Evidence:
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Monitor revenue and expenditure against budget
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Discuss and agree on appropriate monitoring and reporting systems, and establish procedures Completed |
Evidence:
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Compare income and expenditure to budget and previous periods, and identify and investigate discrepancies Completed |
Evidence:
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Identify and examine achievement and variances to the budget, in liaison with appropriate person Completed |
Evidence:
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Document recommendations for action on variances Completed |
Evidence:
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Request regular reports of operations to indicate fluctuations Completed |
Evidence:
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Provide financial statements and accompanying report of operations to appropriate person for discussion Completed |
Evidence:
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Finalise budget
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Ensure expenditure commitments are brought into line with final income figures Completed |
Evidence:
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Finalise, document and approve final budget in line with operational program Completed |
Evidence:
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Present the final budget to appropriate person and stakeholders Completed |
Evidence:
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Ensure reporting requirements of relevant corporate authority and funding bodies are met Completed |
Evidence:
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