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Evidence Guide: DEFFIN001 - Promote public sector financial management compliance

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

 

DEFFIN001 - Promote public sector financial management compliance

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

Develop understanding of the financial management framework

  1. Maintain currency of knowledge of the financial management framework
  2. Promote knowledge sharing of the financial management framework amongst colleagues
Maintain currency of knowledge of the financial management framework

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Promote knowledge sharing of the financial management framework amongst colleagues

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Comply with the financial management framework

  1. Uphold financial management policies and principles
  2. Monitor compliance with financial management policies and procedures
  3. Implement strategies to ensure compliance with financial management policies and procedures within work area
Uphold financial management policies and principles

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor compliance with financial management policies and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement strategies to ensure compliance with financial management policies and procedures within work area

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Manage compliance

  1. Identify and report on instances of non-compliance
  2. Implement and monitor corrective action
Identify and report on instances of non-compliance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement and monitor corrective action

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

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

1

Develop understanding of the financial management framework

1.1

Maintain currency of knowledge of the financial management framework

1.2

Promote knowledge sharing of the financial management framework amongst colleagues

2

Comply with the financial management framework

2.1

Uphold financial management policies and principles

2.2

Monitor compliance with financial management policies and procedures

2.3

Implement strategies to ensure compliance with financial management policies and procedures within work area

3

Manage compliance

3.1

Identify and report on instances of non-compliance

3.2

Implement and monitor corrective action

Required Skills and Knowledge

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

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

1

Develop understanding of the financial management framework

1.1

Maintain currency of knowledge of the financial management framework

1.2

Promote knowledge sharing of the financial management framework amongst colleagues

2

Comply with the financial management framework

2.1

Uphold financial management policies and principles

2.2

Monitor compliance with financial management policies and procedures

2.3

Implement strategies to ensure compliance with financial management policies and procedures within work area

3

Manage compliance

3.1

Identify and report on instances of non-compliance

3.2

Implement and monitor corrective action

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria on at least one occasion and include:

accessing, interpreting and applying financial management policies

developing strategies to mitigate financial non-compliance

providing technical advice on financial compliance

reading and interpreting financial statements

reading and interpreting Portfolio Budget Statements (PBS) and Portfolio Additional Estimates Statements (PAES).

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria and include knowledge of:

relevant financial systems

the Commonwealth budget cycle

the organisation’s instructions relating to financial management activities

the organisation’s Delegations framework

the organisational structure, roles and responsibilities

Portfolio Budget Statements (PBS) and Portfolio Additional Estimates Statements(PAES)

relevant legislation and organisational accounting principles and policies

the role and purpose of:

Department of Treasury

Department of Finance.

Range Statement

Range is restricted to essential operating conditions and any other variables essential to the work environment.

Non-essential conditions may be found in the Companion Volume Implementation Guide.