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Evidence Guide: FNSACC407A - Produce job costing information

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

 

FNSACC407A - Produce job costing information

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

Gather and record operating and cost data

  1. Data is extracted from established systems
  2. Data is systematically coded, classified and checked for accuracy and reliability in accordance with organisational policies and procedures
Data is extracted from established systems

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Data is systematically coded, classified and checked for accuracy and reliability in accordance with organisational policies and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Produce cost reports

  1. Costs are assigned to specified products and services
  2. Data is reconciled to ensure calculations are accurate and comply with organisational procedures
  3. Cost information advice is sought from all sections of the organisation when formulating budgets
  4. Structure and format of budgets and reports are clear and conform to management information requirements
  5. Variances against budget are identified
  6. Reports are error free, comprehensive and comply with management requirements and organisational practices
Costs are assigned to specified products and services

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Data is reconciled to ensure calculations are accurate and comply with organisational procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Cost information advice is sought from all sections of the organisation when formulating budgets

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Structure and format of budgets and reports are clear and conform to management information requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Variances against budget are identified

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Reports are error free, comprehensive and comply with management requirements and organisational practices

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.

Overview of assessment

Critical aspects for assessment and evidence required to demonstrate competency in this unit

Evidence of the ability to:

demonstrate knowledge of organisational operating procedures

demonstrate knowledge of relevant legislation

demonstrate knowledge of standard accounting principles and practices

gather and record operating and costs data

produce cost reports

Context of and specific resources for assessment

Assessment must ensure:

competency is demonstrated in the context of the financial services work environment and conditions specified in the range statement either in a relevant workplace or a closely simulated work environment

access to and the use of a range of common office equipment, technology, software and consumables

access to financial services product information

access to information about a workplace policy and procedures.

Method of assessment

A range of assessment methods should be used to assess practical skills and knowledge. The following examples, in combination, are appropriate for this unit:

evaluating an integrated activity, which combines the elements of competency for the unit, or a cluster of related units of competency

observing processes and procedures in workplaces

verbal or written questioning on underpinning knowledge and skills

evaluating samples of work

accessing and validating third party reports

setting and reviewing workplace projects and business simulations or scenarios.

Guidance information for assessment

Required Skills and Knowledge

Required skills

communication skills to:

use questioning and active listening to gather and check information

liaise and share information with others

communicate appropriately with people from diverse backgrounds

numeracy skills to:

interpret numeric data and relevant statistics and from this perform calculations related to achieving required outcomes

IT skills to:

use computer applications (word processing, spreadsheet, database, specific purpose computer systems)

access and update records electronically

reading skills to:

read and understand relevant procedures

read and interpret applications and supporting documentation

writing skills to:

accurately record information

prepare reports

organisational skills to efficiently plan and sequence work

problem solving skills to address inaccuracies and omissions in data

analytical skills to effectively analyse information and data.

Required knowledge

principles of costing

organisational operating procedures

common routines for recording and storing data

principles of internal control (including statutory reporting)

methods of data protection including back ups and security

principles and practices of budgetary control (e.g. double entry bookkeeping and accrual accounting)

financial legislation (e.g. taxable transactions, reporting requirements)

ethical considerations for the handling of financial reconstruction (e.g. conflict of interests, confidentiality, disclosure requirements).

Range Statement

The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included.

Data may include:

inventory, materials and finished product records

consumables records

records of purchases and associated costs

labour utilisation records

materials used

payroll records

manufacturing and general overhead costs

service charge out rates

Costs assignments may include:

direct and indirect costs

labour, materials and overheads

manufacturing costs

service costs

Budgets may include:

materials usage

labour usage

manufacturing overhead

costing budgets

Reports may include:

variance analysis reports

job and service profitability reports

performance reports

Report formats may include:

job cost records

service cost analysis