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Evidence Guide: DEFFIN016 - Perform financial administration of assets

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

 

DEFFIN016 - Perform financial administration of assets

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

Maintain the asset register

  1. Interpret information received from stakeholders and stocktake updates
  2. Update master data files
Interpret information received from stakeholders and stocktake updates

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Update master data files

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Perform asset reviews

  1. Undertake business reviews of assets contained in the asset register
  2. Update master files in the asset register to reflect review outcomes
Undertake business reviews of assets contained in the asset register

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Update master files in the asset register to reflect review outcomes

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Report on fixed assets

  1. Prepare asset lists for stakeholder review
  2. Summarise asset reporting output
Prepare asset lists for stakeholder review

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Summarise asset reporting output

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Process financial adjustment of assets

  1. Upload adjustments
  2. Review adjustments in the asset register to confirm completeness
Upload adjustments

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review adjustments in the asset register to confirm completeness

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

Maintain the asset register

1.1

Interpret information received from stakeholders and stocktake updates

1.2

Update master data files

2

Perform asset reviews

2.1

Undertake business reviews of assets contained in the asset register

2.2

Update master files in the asset register to reflect review outcomes

3

Report on fixed assets

3.1

Prepare asset lists for stakeholder review

3.2

Summarise asset reporting output

4

Process financial adjustment of assets

4.1

Upload adjustments

4.2

Review adjustments in the asset register to confirm completeness

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

Maintain the asset register

1.1

Interpret information received from stakeholders and stocktake updates

1.2

Update master data files

2

Perform asset reviews

2.1

Undertake business reviews of assets contained in the asset register

2.2

Update master files in the asset register to reflect review outcomes

3

Report on fixed assets

3.1

Prepare asset lists for stakeholder review

3.2

Summarise asset reporting output

4

Process financial adjustment of assets

4.1

Upload adjustments

4.2

Review adjustments in the asset register to confirm completeness

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:

analysing Asset-Under-Construction value

determining asset value

maintaining accurate asset records

preparing data for asset management review

processing financial adjustments, additions and disposals

validating acceptance documentation.

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:

asset types

difference between a capital and an expensed payment

disposal documentation requirements

organisational asset accounting policies

relevant legislation and organisation 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.