NTISthis.com

Evidence Guide: DEFFIN004 - Support strategic financial management in the public sector environment

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

 

DEFFIN004 - Support strategic financial management in the public sector environment

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

Apply subject matter expertise

  1. Provide input into the development of financial management policies
  2. Provide advice on financial management issues
Provide input into the development of financial management policies

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide advice on financial management issues

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Support financial management strategies

  1. Identify organisational priorities and stakeholder needs
  2. Contribute to the development of a plan outlining expected strategies and outcomes
  3. Identify factors that may affect achievement of objectives and targets
Identify organisational priorities and stakeholder needs

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Contribute to the development of a plan outlining expected strategies and outcomes

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify factors that may affect achievement of objectives and targets

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Support financial risk management

  1. Identify potential risks to organisational financial management
  2. Provide input into risk analysis
  3. Apply risk management strategies
  4. Monitor risk outcomes
Identify potential risks to organisational financial management

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide input into risk analysis

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Apply risk management strategies

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor risk outcomes

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

Apply subject matter expertise

1.1

Provide input into the development of financial management policies

1.2

Provide advice on financial management issues

2

Support financial management strategies

2.1

Identify organisational priorities and stakeholder needs

2.2

Contribute to the development of a plan outlining expected strategies and outcomes

2.3

Identify factors that may affect achievement of objectives and targets

3

Support financial risk management

3.1

Identify potential risks to organisational financial management

3.2

Provide input into risk analysis

3.3

Apply risk management strategies

3.4

Monitor risk outcomes

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

Apply subject matter expertise

1.1

Provide input into the development of financial management policies

1.2

Provide advice on financial management issues

2

Support financial management strategies

2.1

Identify organisational priorities and stakeholder needs

2.2

Contribute to the development of a plan outlining expected strategies and outcomes

2.3

Identify factors that may affect achievement of objectives and targets

3

Support financial risk management

3.1

Identify potential risks to organisational financial management

3.2

Provide input into risk analysis

3.3

Apply risk management strategies

3.4

Monitor risk outcomes

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:

consulting and providing advice on financial management issues

supporting the implementation of policy and procedural changes

supporting stakeholder relationships

providing input into the development of policy and procedure documents.

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:

Commonwealth policies impacting on individual role

financial management policy structure

key internal and external stakeholders

organisational policies and procedures impacting on individual role

priorities, activities, issues and trends affecting the organisation.

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.