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?
Plan approach to financial management of specific work area
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Access financial requirements, organisation requirements, mandatory reporting formats and requirements Completed |
Evidence:
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Clarify financial requirements with relevant personnel to ensure mandatory and organisation outcomes are achievable Completed |
Evidence:
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Negotiate with relevant personnel any changes to be made to proposed approaches and plans Completed |
Evidence:
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Prepare and document budgets for specific work
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Define expenditure and revenue items relevant to objectives Completed |
Evidence:
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Link budget elements to goals, objectives and strategic directions of the organisation Completed |
Evidence:
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Conduct discussions and negotiations with stakeholders where required in a respectful manner that promotes goodwill and ongoing cooperation Completed |
Evidence:
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Provide support to team members to ensure performance of required roles associated with management of budgets and finances Completed |
Evidence:
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Identify performance indicators and include in budget documents Completed |
Evidence:
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Break down annual budgets into reporting periods in line with organisation's operating approach Completed |
Evidence:
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Present data in formats that are easily understood and appropriate to budget reporting Completed |
Evidence:
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Analyse project, program or operational plans
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Conduct discussions and negotiations with stakeholders to identify elements to be addressed in the planning documents Completed |
Evidence:
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Identify project work or work programs required to achieve identified project and/or operational objectives Completed |
Evidence:
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Identify budget requirements to achieve identified objectives Completed |
Evidence:
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Identify and analyse financial issues related to achievement of identified objectives Completed |
Evidence:
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Identify objectives, process timelines, resources and mandatory reports Completed |
Evidence:
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Monitor and control finances
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Develop processes for monitoring actual expenditure and income for project, program or work area Completed |
Evidence:
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Implement reporting of expenditure, income, assets, stock, consumables and equipment for project, program or work area Completed |
Evidence:
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Monitor expenditure on a cyclical basis to identify cost variations and expenditure overruns Completed |
Evidence:
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Develop contingency plans for endorsement if required Completed |
Evidence:
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Prepare processes, reports and documents to support mandatory audit processes where required Completed |
Evidence:
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Review and evaluate financial management processes for project, program or work area
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Collect, collate and analyse data on the effectiveness of financial management processes and review with the appropriate person Completed |
Evidence:
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Identify potential improvements and make recommendations to relevant authority Completed |
Evidence:
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Implement and monitor endorsed improvements in line with the organisation's goals, objectives and mandatory reporting requirements Completed |
Evidence:
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