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Evidence Guide: CPPDSM4033A - Assess and value goods, chattels, plant and equipment

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

 

CPPDSM4033A - Assess and value goods, chattels, plant and equipment

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

Obtain valuation instructions from client.

  1. Purpose of valuation of goods, chattels, plant and equipment is confirmed with client in line with agency practice, ethical standards and legislative requirements.
  2. Written confirmation of valuation instructions is obtained from client in line with agency practice.
  3. Time, date and place of inspection of goods, chattels, plant and equipment are arranged in line with agency practice.
Purpose of valuation of goods, chattels, plant and equipment is confirmed with client in line with agency practice, ethical standards and legislative requirements.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Written confirmation of valuation instructions is obtained from client in line with agency practice.

Completed
Date:

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Evidence:

 

 

 

 

 

 

 

Time, date and place of inspection of goods, chattels, plant and equipment are arranged in line with agency practice.

Completed
Date:

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Evidence:

 

 

 

 

 

 

 

Conduct research on goods, chattels, plant and equipment offered for valuation.

  1. Preliminary market evidence of value of goods, chattels, plant and equipment is obtained from relevant sources.
  2. Advice on replacement cost of goods, chattels, plant and equipment is obtained from relevant sources.
  3. Historical accounting records relevant to goods, chattels, plant and equipment are obtained from relevant source.
  4. Compliance of goods, chattels, plant and equipment with safety and other relevant legislative requirements is determined.
  5. Details of history of goods and chattels are obtained from relevant sources.
  6. Details of maintenance history of plant and equipment are obtained from relevant sources.
Preliminary market evidence of value of goods, chattels, plant and equipment is obtained from relevant sources.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Advice on replacement cost of goods, chattels, plant and equipment is obtained from relevant sources.

Completed
Date:

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Evidence:

 

 

 

 

 

 

 

Historical accounting records relevant to goods, chattels, plant and equipment are obtained from relevant source.

Completed
Date:

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Evidence:

 

 

 

 

 

 

 

Compliance of goods, chattels, plant and equipment with safety and other relevant legislative requirements is determined.

Completed
Date:

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Details of history of goods and chattels are obtained from relevant sources.

Completed
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Details of maintenance history of plant and equipment are obtained from relevant sources.

Completed
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Evidence:

 

 

 

 

 

 

 

Inspect goods, chattels, plant and equipment.

  1. Identity of goods, chattels, plant and equipment is confirmed in line with agency practice.
  2. Comprehensive inspection of goods, chattels, plant and equipment is performed in line with agency practice.
  3. Additional information on goods, chattels, plant and equipment is documented in line with agency practice.
  4. Field notes on inspection are compiled in line with agency practice.
Identity of goods, chattels, plant and equipment is confirmed in line with agency practice.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Comprehensive inspection of goods, chattels, plant and equipment is performed in line with agency practice.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Additional information on goods, chattels, plant and equipment is documented in line with agency practice.

Completed
Date:

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Evidence:

 

 

 

 

 

 

 

Field notes on inspection are compiled in line with agency practice.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Apply valuation methodology for goods, chattels, plant and equipment.

  1. Cost and market information are obtained and analysed in line with agency practice.
  2. Appropriate valuation methodology for goods, chattels, plant and equipment is selected and applied.
  3. Determination of value of goods, chattels, plant and equipment is based on verifiable information in line with agency, ethical and legislative requirements.
  4. Report on value of goods, chattels, plant and equipment is prepared for client in line with agency practice.
  5. Communication is maintained with client throughout the assessment and valuation process.
Cost and market information are obtained and analysed in line with agency practice.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Appropriate valuation methodology for goods, chattels, plant and equipment is selected and applied.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Determination of value of goods, chattels, plant and equipment is based on verifiable information in line with agency, ethical and legislative requirements.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Report on value of goods, chattels, plant and equipment is prepared for client in line with agency practice.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Communication is maintained with client throughout the assessment and valuation process.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Report to client.

  1. Report on the outcomes of the valuation is presented and explained to client in line with agency practice.
  2. Professional issues arising from the report are discussed with client in line with agency practice.
Report on the outcomes of the valuation is presented and explained to client in line with agency practice.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Professional issues arising from the report are discussed with client in line with agency practice.

Completed
Date:

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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.

Overview of assessment

This unit of competency could be assessed through practical demonstration of assessing and valuing goods, chattels, plant and equipment. Targeted written (including alternative formats where necessary) or verbal questioning to assess the candidate's underpinning knowledge would provide additional supporting evidence of competence. The demonstration and questioning would include collecting evidence of the candidate's knowledge and application of ethical standards and relevant federal, and state or territory legislation and regulations. This assessment may be carried out in a simulated or workplace environment. Assessment may be carried out in a simulated or workplace environment.

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

A person who demonstrates competency in this unit must be able to provide evidence of:

obtaining valuation instructions for goods, chattels, plant and equipment from clients in line with agency, ethical and legislative requirements

undertaking research activities relating to the assessment and valuation of goods, chattels, plant and equipment

inspecting goods, chattels, plant and equipment for assessment and valuation purposes

applying the appropriate valuation methodology to determine the value of goods, chattels, plant and equipment

reporting to clients on the outcomes of the assessment and valuation of goods, chattels, plant and equipment

knowledge of agency, ethical and legislative requirements associated with the assessment and valuation of goods, chattels, plant and equipment

application and knowledge of the inspection and documentation procedures in the valuation process

using appropriate accounting, historical, market and industry references and guides in the valuation of goods, chattels, plant and equipment

effectively communicating and negotiating with clients and other stakeholders associated with the assessment and valuation of goods, chattels, plant and equipment.

Context of and specific resources for assessment

Resource implications for assessment include:

access to suitable simulated or real opportunities and resources to demonstrate competence

assessment instruments that may include personal planner and assessment record book

access to a registered provider of assessment services.

Where applicable, physical resources should include equipment modified for people with disabilities.

Access must be provided to appropriate learning and/or assessment support when required.

Assessment processes and techniques must be culturally appropriate, and appropriate to the language and literacy capacity of the candidate and the work being performed.

Validity and sufficiency of evidence require that:

competency will need to be demonstrated over a period of time reflecting the scope of the role and the practical requirements of the workplace

where the assessment is part of a structured learning experience the evidence collected must relate to a number of performances assessed at different points in time and separated by further learning and practice with a decision of competence only taken at the point when the assessor has complete confidence in the person's competence

all assessment that is part of a structured learning experience must include a combination of direct, indirect and supplementary evidence

where assessment is for the purpose of recognition (RCC/RPL), the evidence provided will need to be current and show that it represents competency demonstrated over a period of time

assessment can be through simulated project-based activity and must include evidence relating to each of the elements in this unit.

In all cases where practical assessment is used it will be combined with targeted questioning to assess the underpinning knowledge. Questioning will be undertaken in such a manner as is appropriate to the language and literacy levels of the candidate and any cultural issues that may affect responses to the questions, and will reflect the requirements of the competency and the work being performed.

Required Skills and Knowledge

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

Required skills:

ability to communicate with and relate to a range of people from diverse social, economic and cultural backgrounds and with varying physical and mental abilities

analytical skills to interpret documents such as legislation, regulations, contracts of sale and auction rules

application of risk management strategies associated with assessing and valuing goods, chattels, plant and equipment

computing skills to access agency databases, send and receive emails and complete standard forms online

decision making and problem solving skills to analyse situations and make decisions associated with assessing and valuing goods, chattels, plant and equipment

literacy skills to prepare general information, papers, formal and informal letters, reports and applications; and complete standard forms

numeracy skills to calculate marketing expenses within agreed budget

planning, organising and scheduling skills to undertake work-related tasks associated with assessing and valuing goods, chattels, plant and equipment

research skills to identify and locate documents and information required to assess and value goods, chattels, plant and equipment.

Required knowledge and understanding:

goods and chattels, including:

antiquities

ceramics

drawings

etchings

fine art

firearms

furniture

machinery

sculpture

plant and equipment, including:

agricultural machinery

automotive

chemical

communication

computer and information

engineering

food and beverage

government facilities

laboratories

milling

mining

plastics and rubber

printing and publishing

pulp and paper manufacturing and processing

textile

utilities

water and sewerage

woodwork

relevant federal, and state or territory legislation and local government regulations relating to:

anti-discrimination and equal employment opportunity

anti-money laundering

consumer protection, fair trading and trade practices

employment and industrial relations

financial services

OHS

privacy

taxation

risks and risk management strategies associated with assessing and valuing goods, chattels, plant and equipment

sources of information on market conditions

valuation methods, including:

capitalisation method

direct comparison method

discounted cash flow method

valuation analysis.

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. Bold italicised wording in the performance criteria is detailed below. 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.

Purpose of valuation may include:

acquisitions

auction

financial reporting

financing

forced sale

investment

litigation

management buyout

mergers

private treaty sale

reinstatement

replacement

taxation.

Instructions may include:

client

court

third party.

Market evidence may include:

costing guides

sales and leasing transactions.

Historical accounting records may include:

balance sheet

budgets and forecasts

profit and loss statement

statement of cash flows.

Goods and chattels may include:

antiquities

ceramics

drawings

etchings

fine art

firearms

furniture

machinery

sculpture.

Plant and equipment may include:

agricultural machinery

automotive

chemical

communication

computer and information

engineering

food and beverage

government facilities

laboratories

milling

mining

plastics and rubber

printing and publishing

pulp and paper manufacturing and processing

textile

utilities

water and sewerage

woodwork.

Field notes may include:

file notes

inspection file

market evidence

research materials.

Market information may include:

historical manuals

industry standards and codes of practice

legislative and regulatory compliance standards

productivity benchmarks

sale and leasing transactions.

Valuation methodology may include:

capitalisation method

direct comparison method

discounted cash flow method.