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?
Research the market.
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Appropriate information is identified and organised in a format suitable for analysis according to legislative and agency requirements. Completed |
Evidence:
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Business technology is used to access and organise information according to agency requirements. Completed |
Evidence:
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Market information is processed and analysed to assist in making an assessment of the listed business' marketability and viability. Completed |
Evidence:
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Current business financial data is collected and evaluated to determine financial status according to agency requirements. Completed |
Evidence:
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Current market value of business assets and trends for similar businesses are obtained and analysed to establish benchmarks. Completed |
Evidence:
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Client is informed of relevant current market factors and their potential impact on the business' sale or purchase price according to agency requirements. Completed |
Evidence:
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Appraise the business.
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Sourceandoccupancy documents are obtained and analysed according to legislative and agency requirements. Completed |
Evidence:
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Ownership and status of the business and relevant associated components are determined in line with statutory and agency requirements. Completed |
Evidence:
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Profitability of the business and associated components is determined using appropriate appraisal practices according to agency requirements. Completed |
Evidence:
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Market-related pricing structures are determined and assessed against buyer and seller expectations. Completed |
Evidence:
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Feedback is collated and provided to personnel and agencies involved in the appraisal process. Completed |
Evidence:
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Recommendations are made to the client regarding purchase or selling price according to agency requirements and procedures. Completed |
Evidence:
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Complete appraisal.
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Appraised price is determined on the basis of the appraisal and negotiated with the client. Completed |
Evidence:
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Conclusions and recommendations are prepared from source documents that provide constructive advice for future appraisals. Completed |
Evidence:
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Records and documentation are completed according to client and agency requirements. Completed |
Evidence:
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