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Evidence Guide: CHCADMIN604B - Manage the finances, accounts and resources of an organisation

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

 

CHCADMIN604B - Manage the finances, accounts and resources of an organisation

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

Monitor budget processes

  1. Oversee the preparation of budgets in light of desired program performance outcomes and forward planning priorities
  2. Ensure budget planning process is participatory and formats are clear and standardised
  3. Ensure budgets are submitted for approval on time and in an appropriate format
  4. Develop and prepare requirements and contracts with funding bodies in accordance with organisation procedures
  5. Interpret and communicate the approved budget to other staff
Oversee the preparation of budgets in light of desired program performance outcomes and forward planning priorities

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure budget planning process is participatory and formats are clear and standardised

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure budgets are submitted for approval on time and in an appropriate format

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop and prepare requirements and contracts with funding bodies in accordance with organisation procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Interpret and communicate the approved budget to other staff

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Oversee implementation of systems for financial management and reporting

  1. Adhere to legal and organisation requirements in relation to financial management and reporting
  2. Ensure that appropriate financial reports are prepared as required by the organisation and/or funding body
  3. Oversee the development and implementation of book keeping, accounting systems and asset management to ensure that accurate and comprehensive records of income and expenditure are appropriately maintained
  4. Undertake regular reconciliation against operational budgets and act upon any deviations as appropriate
Adhere to legal and organisation requirements in relation to financial management and reporting

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure that appropriate financial reports are prepared as required by the organisation and/or funding body

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Oversee the development and implementation of book keeping, accounting systems and asset management to ensure that accurate and comprehensive records of income and expenditure are appropriately maintained

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Undertake regular reconciliation against operational budgets and act upon any deviations as appropriate

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Manage the use of funds

  1. Check actual income and expenditure against budgets at regular, identified intervals
  2. Ensure expenditure is within agreed limits, does not compromise future spending requirements and conforms to organisation policy and procedures
  3. Where there are actual or potential deviations from budget, notify the appropriate people and develop and implement proposals for corrective action
  4. Where appropriate, ensure funds are invested in accordance with organisation procedures
  5. Follow guidelines for the management of unspent funds
Check actual income and expenditure against budgets at regular, identified intervals

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure expenditure is within agreed limits, does not compromise future spending requirements and conforms to organisation policy and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Where there are actual or potential deviations from budget, notify the appropriate people and develop and implement proposals for corrective action

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Where appropriate, ensure funds are invested in accordance with organisation procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Follow guidelines for the management of unspent funds

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop and recommend funding options

  1. Undertake research to acquire funding and resources and report the results appropriately
  2. Where appropriate, prepare funding submissions in accordance with relevant guidelines, maintain liaison with funding body to monitor progress of the submission, undertake negotiations and make revisions as necessary
  3. Develop contingency plans to accommodate possible shortfalls in funding and resourcing
Undertake research to acquire funding and resources and report the results appropriately

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Where appropriate, prepare funding submissions in accordance with relevant guidelines, maintain liaison with funding body to monitor progress of the submission, undertake negotiations and make revisions as necessary

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop contingency plans to accommodate possible shortfalls in funding and resourcing

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop and implement resourcing proposals to meet operational needs

  1. Develop resource proposals, taking account of client and stakeholder needs, organisation objectives and operational plans
  2. Negotiate recommendations to vary operational plans to fit resource availability, with relevant personnel
  3. Develop plans to maximise value gained from the organisation's resources
  4. Develop and implement strategies to ensure the organisation's resource needs are met within the constraints of budget allocations, existing resources, contingencies and available resource providers
Develop resource proposals, taking account of client and stakeholder needs, organisation objectives and operational plans

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Negotiate recommendations to vary operational plans to fit resource availability, with relevant personnel

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop plans to maximise value gained from the organisation's resources

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop and implement strategies to ensure the organisation's resource needs are met within the constraints of budget allocations, existing resources, contingencies and available resource providers

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor resource usage and performance

  1. Monitor resource usage against organisation targets, and investigate and rectify any deviations in accordance with organisation procedures
  2. Ensure appropriate support and training is provided to individuals and teams who have difficulties in using resources to the required standard
  3. Oversee systems, procedures and records associated with documenting resource acquisition and usage in accordance with organisation requirements
  4. Analyse and interpret budget and financial information to monitor productivity and performance
Monitor resource usage against organisation targets, and investigate and rectify any deviations in accordance with organisation procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure appropriate support and training is provided to individuals and teams who have difficulties in using resources to the required standard

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Oversee systems, procedures and records associated with documenting resource acquisition and usage in accordance with organisation requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse and interpret budget and financial information to monitor productivity and performance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Manage property and equipment

  1. Follow organisation procedures when assessing suitability and safety of buildings and equipment
  2. Ensure the organisation's asset register is maintained as required
  3. Ensure upgrade plans for building and equipment maintenance are established and implemented as required
  4. Adhere to all relevant occupational health and safety and other legislation
  5. Ensure procedures are in place to achieve the most competitive pricing for goods and services
Follow organisation procedures when assessing suitability and safety of buildings and equipment

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure the organisation's asset register is maintained as required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure upgrade plans for building and equipment maintenance are established and implemented as required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Adhere to all relevant occupational health and safety and other legislation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure procedures are in place to achieve the most competitive pricing for goods and services

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

The evidence guide provides advice on assessment and must be read in conjunction with the Performance Criteria, Required Skills and Knowledge, the Range Statement and the Assessment Guidelines for this Training Package.

Critical aspects for assessment and evidence required to demonstrate this unit of competency:

The individual being assessed must provide evidence of specified essential knowledge as well as skills

This unit is most appropriately assessed in the workplace or in a simulated workplace and under the normal range of workplace conditions
This may include the use of languages other than English and alternative communication systems

Where there is not an opportunity to cover all relevant aspects in the work environment, the remainder should be assessed through realistic simulations, projects, previous relevant experience or oral questioning on 'what if?' scenarios

Assessment must include the normal range of management tasks used in the workplace

Access and equity considerations:

All workers in community services should be aware of access, equity and human rights issues in relation to their own area of work

All workers should develop their ability to work in a culturally diverse environment

In recognition of particular issues facing Aboriginal and Torres Strait Islander communities, workers should be aware of cultural, historical and current issues impacting on Aboriginal and Torres Strait Islander people

Assessors and trainers must take into account relevant access and equity issues, in particular relating to factors impacting on Aboriginal and/or Torres Strait Islander clients and communities

Context of and specific resources for assessment:

This unit can be assessed independently, however holistic assessment practice with other community services units of competency is encouraged

Resources required for assessment include:

access to appropriate workplace where assessment can take place, or simulation of realistic workplace setting for assessment

Method of assessment

Assessment may include observation, questioning and evidence gathered from the workplace environment e.g. completed budgets, portfolios etc

Realistic simulations, projects, previous relevant experience or oral questioning on 'what if?' Scenarios

Observation of processes and procedures, oral and/or written questions on Essential knowledge and skills and consideration of required attitudes

Where performance is required to be demonstrated over a period of time and/or in a number of locations, any evidence should be authenticated by colleagues, supervisors, clients or other appropriate persons

Review of any workplace documentation produced by the candidate related to managing finances, accounts and resources

Required Skills and Knowledge

This describes the essential skills and knowledge and their level required for this unit.

Essential knowledge:

The candidate must be able to demonstrate essential knowledge required to effectively do the task outlined in elements and performance criteria of this unit, manage the task and manage contingencies in the context of the identified work role

These include knowledge of:

Auditing procedures and requirements

Awards and agreements

Budgeting and planning processes and practices

Financial management models and practices

Importance of principles and practices to enhance sustainability in the workplace, including environmental, economic, workforce and social sustainability

Incorporation requirements

Insurance requirements

Organisation guidelines

Organisation's procedures and practices

Principles and practices of effective resource management

Principles of continuous improvement

Quality assurance mechanisms

Taxation office requirements

Essential skills:

It is critical that the candidate demonstrate the ability to:

Demonstrate competency across the full range of the organisation's financial, accounting and resourcing systems

In addition, the candidate must be able to effectively do the task outlined in elements and performance criteria of this unit, manage the task and manage contingencies in the context of the identified work role

These include the ability to:

Analyse financial reports against budgets and contract obligations

Demonstrate competency within the working environment in managing finances, accounts and resources

Manage workplace application of:

computerised and/or manual accounting and book keeping systems

budgeting processes

reconciliation

investment planning

financial management

information technology

Read and accurately interpret financial information and reports

Range Statement

The Range Statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Add any essential operating conditions that may be present with training and assessment depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts.

Budgeting and financial obligations may include:

Auditing

Awards and other staffing requirements

Balance sheets

Insurance requirements

Monthly or other reports

Tax office requirements

Appropriate parties may include:

Board of management

Clients

Funding providers

Government

Other staff

Treasurer

Legal requirements may include those relating to:

Acquittal of funds

Annual and other reports

Audit processes

Incorporation laws

Insurance

Relevant awards

Taxation and superannuation

Resources may include:

Buildings/facilities

Equipment, supplies and stores

Finance

Information systems

Staffing levels

Time

Transport