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Evidence Guide: CPPREP5006 - Manage operational finances in the property industry

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

 

CPPREP5006 - Manage operational finances in the property industry

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

Determine financial management requirements.

  1. Conduct risk analyses according to legislative requirements.
  2. Analyse and record processes for managing budgets, financial control systems and management requirements for the agency and departments.
  3. Analyse the standard financial records, reports and break-even analyses to develop key performance indicators (KPIs).
  4. Allocate resources to support attainment of department and agency KPIs.
  5. Interpret requirements and schedules for conducting financial reconciliations and producing formal reports for internal and external purposes.
  6. Determine legislative responsibilities and best practice of financial systems.
Conduct risk analyses according to legislative requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse and record processes for managing budgets, financial control systems and management requirements for the agency and departments.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse the standard financial records, reports and break-even analyses to develop key performance indicators (KPIs).

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Allocate resources to support attainment of department and agency KPIs.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Interpret requirements and schedules for conducting financial reconciliations and producing formal reports for internal and external purposes.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine legislative responsibilities and best practice of financial systems.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop and implement strategies to manage operational finances.

  1. Design and implement strategies to establish and maintain link between individuals responsible for budgets and individuals operating financial control systems.
  2. Develop and implement financial controls and processes for preparation of valid records and reports.
  3. Implement strategies and adjust KPIs to ensure ongoing and accurate projections of income, expenditure and cash flow.
Design and implement strategies to establish and maintain link between individuals responsible for budgets and individuals operating financial control systems.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop and implement financial controls and processes for preparation of valid records and reports.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement strategies and adjust KPIs to ensure ongoing and accurate projections of income, expenditure and cash flow.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Manage operational finance systems.

  1. Communicate to agency staff the standards, culture and business KPIs relating to financial management in the agency.
  2. Facilitate monitoring, reviewing and adjustment of agency and department financial practices.
  3. Manage and review allocation of resources.
  4. Manage the collation of periodic financial reports to provide a financial overview of the agency.
Communicate to agency staff the standards, culture and business KPIs relating to financial management in the agency.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Facilitate monitoring, reviewing and adjustment of agency and department financial practices.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Manage and review allocation of resources.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Manage the collation of periodic financial reports to provide a financial overview of the agency.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Evaluate operational finance systems.

  1. Analyse periodic financial reports and use data to evaluate achievement of KPIs.
  2. Use evaluation data to determine, record and implement improvements.
Analyse periodic financial reports and use data to evaluate achievement of KPIs.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Use evaluation data to determine, record and implement improvements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Required Skills and Knowledge