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Evidence Guide: CUAMGT404 - Administer artists’ royalty income

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

 

CUAMGT404 - Administer artists’ royalty income

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

Clarify terms and conditions of agreements with artists

  1. Identify products and rights to be covered in agreements with artists
  2. Calculate income in line with contractual arrangements
  3. Negotiate royalties arising from the reproduction of artists’ recordings and associated products
  4. Confirm royalty negotiations reflect the commercial stature of the work
  5. Discuss, confirm and document terms and conditions to be included in agreements with artists
  6. Ensure commercial interests of artists and any third parties are balanced and clearly articulated
  7. Liaise with personnel responsible for drawing up contracts with artists to ensure that contracts reflect agreed terms and conditions
Identify products and rights to be covered in agreements with artists

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Calculate income in line with contractual arrangements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Negotiate royalties arising from the reproduction of artists’ recordings and associated products

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Confirm royalty negotiations reflect the commercial stature of the work

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Discuss, confirm and document terms and conditions to be included in agreements with artists

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure commercial interests of artists and any third parties are balanced and clearly articulated

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Liaise with personnel responsible for drawing up contracts with artists to ensure that contracts reflect agreed terms and conditions

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Disperse income and maintain financial records

  1. Use relevant software to calculate royalties and income in line with agreements
  2. Distribute income to artists in line with agreements
  3. Update files systematically to maintain currency and accuracy of records and reporting
  4. Identify and resolve queries or discrepancies in payments within scope of own role or refer to relevant personnel
Use relevant software to calculate royalties and income in line with agreements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Distribute income to artists in line with agreements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Update files systematically to maintain currency and accuracy of records and reporting

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and resolve queries or discrepancies in payments within scope of own role or refer to relevant personnel

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Clarify terms and conditions of agreements with artists

1.1 Identify products and rights to be covered in agreements with artists

1.2 Calculate income in line with contractual arrangements

1.3 Negotiate royalties arising from the reproduction of artists’ recordings and associated products

1.4 Confirm royalty negotiations reflect the commercial stature of the work

1.5 Discuss, confirm and document terms and conditions to be included in agreements with artists

1.6 Ensure commercial interests of artists and any third parties are balanced and clearly articulated

1.7 Liaise with personnel responsible for drawing up contracts with artists to ensure that contracts reflect agreed terms and conditions

2. Disperse income and maintain financial records

2.1 Use relevant software to calculate royalties and income in line with agreements

2.2 Distribute income to artists in line with agreements

2.3 Update files systematically to maintain currency and accuracy of records and reporting

2.4 Identify and resolve queries or discrepancies in payments within scope of own role or refer to relevant personnel

Required Skills and Knowledge

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Clarify terms and conditions of agreements with artists

1.1 Identify products and rights to be covered in agreements with artists

1.2 Calculate income in line with contractual arrangements

1.3 Negotiate royalties arising from the reproduction of artists’ recordings and associated products

1.4 Confirm royalty negotiations reflect the commercial stature of the work

1.5 Discuss, confirm and document terms and conditions to be included in agreements with artists

1.6 Ensure commercial interests of artists and any third parties are balanced and clearly articulated

1.7 Liaise with personnel responsible for drawing up contracts with artists to ensure that contracts reflect agreed terms and conditions

2. Disperse income and maintain financial records

2.1 Use relevant software to calculate royalties and income in line with agreements

2.2 Distribute income to artists in line with agreements

2.3 Update files systematically to maintain currency and accuracy of records and reporting

2.4 Identify and resolve queries or discrepancies in payments within scope of own role or refer to relevant personnel

Evidence of the ability to:

negotiate terms and conditions of financial agreements with artists

calculate, collect and distribute royalty income to artists in line with agreements

maintain records for the administration of royalties.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

To complete the unit requirements safely and effectively, the individual must:

outline copyright legislation relevant to licensing, publishing, rights and royalties

describe the revenue structures in the music industry and the types of recording royalties income due to artists

explain the methods for calculating and distributing income to artists

describe the rights and obligations of artists, recording companies and third parties in agreements

outline typical bookkeeping and accounting procedures used in the music industry to administer royalty income

describe the typical features, requirements and terminology used in contracts and agreements with artists

outline issues and challenges that typically arise in the context of administering artists’ income and how they might be overcome.