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Evidence Guide: BSBINT407 - Prepare business advice on export Free-on-Board Value

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

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

 

BSBINT407 - Prepare business advice on export Free-on-Board Value

What evidence can you provide to prove your understanding of each of the following citeria?

Identify relevant export invoice

  1. Identify the buyer and seller
  2. Identify the relevant contract and export invoice
  3. Consider definitions and differences in definitions of FOB value in determining FOB value of goods being exported from Australia
  4. Identify the International Commercial Terms (INCOTERMS) relevant to contract
  5. Identify the party to the sales contract responsible for Australian export formalities from INCOTERMS
Identify the buyer and seller

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify the relevant contract and export invoice

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Consider definitions and differences in definitions of FOB value in determining FOB value of goods being exported from Australia

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify the International Commercial Terms (INCOTERMS) relevant to contract

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify the party to the sales contract responsible for Australian export formalities from INCOTERMS

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Interpret invoice terms and currency

  1. Identify the components that constitute the price, in Australian or foreign currency, paid or payable and appearing on the invoice
  2. Identify INCOTERMS relevant to the invoice
  3. Identify currency used
Identify the components that constitute the price, in Australian or foreign currency, paid or payable and appearing on the invoice

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify INCOTERMS relevant to the invoice

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify currency used

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Adjust invoice price

  1. Identify adjustments
  2. Make additions and subtractions to the price
Identify adjustments

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Make additions and subtractions to the price

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Calculate export FOB value, applying currency conversion principles

  1. Apportion costs against exported goods using organisational requirements/policies/procedures
  2. Apply appropriate rate of exchange
Apportion costs against exported goods using organisational requirements/policies/procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Apply appropriate rate of exchange

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Finalise business advice on export FOB value

  1. Complete advice on FOB value field on export entry or declaration
  2. Check calculations for accuracy and verify as required
  3. Retain and file completed documentation with relevant personnel in the enterprise
  4. Pass relevant business advice to client
Complete advice on FOB value field on export entry or declaration

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Check calculations for accuracy and verify as required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Retain and file completed documentation with relevant personnel in the enterprise

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Pass relevant business advice to client

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1 Identify relevant export invoice

1.1 Identify the buyer and seller

1.2 Identify the relevant contract and export invoice

1.3 Consider definitions and differences in definitions of FOB value in determining FOB value of goods being exported from Australia

1.4 Identify the International Commercial Terms (INCOTERMS) relevant to contract

1.5 Identify the party to the sales contract responsible for Australian export formalities from INCOTERMS

2 Interpret invoice terms and currency

2.1 Identify the components that constitute the price, in Australian or foreign currency, paid or payable and appearing on the invoice

2.2 Identify INCOTERMS relevant to the invoice

2.3 Identify currency used

3 Adjust invoice price

3.1 Identify adjustments

3.2 Make additions and subtractions to the price

4 Calculate export FOB value, applying currency conversion principles

4.1 Apportion costs against exported goods using organisational requirements/policies/procedures

4.2 Apply appropriate rate of exchange

5 Finalise business advice on export FOB value

5.1 Complete advice on FOB value field on export entry or declaration

5.2 Check calculations for accuracy and verify as required

5.3 Retain and file completed documentation with relevant personnel in the enterprise

5.4 Pass relevant business advice to client

Required Skills and Knowledge

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1 Identify relevant export invoice

1.1 Identify the buyer and seller

1.2 Identify the relevant contract and export invoice

1.3 Consider definitions and differences in definitions of FOB value in determining FOB value of goods being exported from Australia

1.4 Identify the International Commercial Terms (INCOTERMS) relevant to contract

1.5 Identify the party to the sales contract responsible for Australian export formalities from INCOTERMS

2 Interpret invoice terms and currency

2.1 Identify the components that constitute the price, in Australian or foreign currency, paid or payable and appearing on the invoice

2.2 Identify INCOTERMS relevant to the invoice

2.3 Identify currency used

3 Adjust invoice price

3.1 Identify adjustments

3.2 Make additions and subtractions to the price

4 Calculate export FOB value, applying currency conversion principles

4.1 Apportion costs against exported goods using organisational requirements/policies/procedures

4.2 Apply appropriate rate of exchange

5 Finalise business advice on export FOB value

5.1 Complete advice on FOB value field on export entry or declaration

5.2 Check calculations for accuracy and verify as required

5.3 Retain and file completed documentation with relevant personnel in the enterprise

5.4 Pass relevant business advice to client

Range Statement

This section specifies different work environments and conditions that may affect performance. Essential operating conditions that may be present (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) are included.

Organisational requirements/policies/
procedures refer to:

factorisation where costs are proportioned over a line value (each line of the invoice for which there is a separate classification)

other relevant requirements outlined in policies and procedures for calculating FOB