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Evidence Guide: DEFFIN012 - Develop financial policies and procedures

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

 

DEFFIN012 - Develop financial policies and procedures

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

Review current policies

  1. Determine the need to review current policies on the basis of external and internal triggers
  2. Review current policy for appropriateness to current legislative and stakeholder needs
  3. Make recommendations for any changes required to a policy
Determine the need to review current policies on the basis of external and internal triggers

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review current policy for appropriateness to current legislative and stakeholder needs

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Make recommendations for any changes required to a policy

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop or update policies and delegations

  1. Undertake research of legislative requirements
  2. Identify and engage with relevant stakeholders
  3. Develop drafts reflecting stakeholder and legislative requirements
  4. Prepare relevant documents to present to senior management with recommendations for decision
Undertake research of legislative requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and engage with relevant stakeholders

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop drafts reflecting stakeholder and legislative requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare relevant documents to present to senior management with recommendations for decision

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement financial policies

  1. Receive approval documentation
  2. Publish policy changes and communicate to relevant stakeholders
  3. Make any consequential changes throughout other relevant documentation
  4. Respond to queries regarding changes
Receive approval documentation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Publish policy changes and communicate to relevant stakeholders

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Make any consequential changes throughout other relevant documentation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Respond to queries regarding changes

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

Review current policies

1.1

Determine the need to review current policies on the basis of external and internal triggers

1.2

Review current policy for appropriateness to current legislative and stakeholder needs

1.3

Make recommendations for any changes required to a policy

2

Develop or update policies and delegations

2.1

Undertake research of legislative requirements

2.2

Identify and engage with relevant stakeholders

2.3

Develop drafts reflecting stakeholder and legislative requirements

2.4

Prepare relevant documents to present to senior management with recommendations for decision

3

Implement financial policies

3.1

Receive approval documentation

3.2

Publish policy changes and communicate to relevant stakeholders

3.3

Make any consequential changes throughout other relevant documentation

3.4

Respond to queries regarding changes

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

Review current policies

1.1

Determine the need to review current policies on the basis of external and internal triggers

1.2

Review current policy for appropriateness to current legislative and stakeholder needs

1.3

Make recommendations for any changes required to a policy

2

Develop or update policies and delegations

2.1

Undertake research of legislative requirements

2.2

Identify and engage with relevant stakeholders

2.3

Develop drafts reflecting stakeholder and legislative requirements

2.4

Prepare relevant documents to present to senior management with recommendations for decision

3

Implement financial policies

3.1

Receive approval documentation

3.2

Publish policy changes and communicate to relevant stakeholders

3.3

Make any consequential changes throughout other relevant documentation

3.4

Respond to queries regarding changes

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:

applying relevant legislation and organisation policy and procedures

conducting stakeholder consultation

preparing briefs to senior staff, Ministers and other stakeholders

providing clear, concise advice on policy matters

undertaking analytical reviews of policies

undertaking policy research.

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:

legislative requirements governing the organisation’s financial management

organisational structure, and the business requirements of various organisational areas

relevant organisation policies and procedures.

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.