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
What evidence can you provide to prove your understanding of each of the following citeria?
Gather and record operating and cost data
|
|
Identify and establish systems to generate operating and cost data Completed |
Evidence:
|
Systematically code, classify and check data for accuracy and reliability in accordance with organisational policy and procedures Completed |
Evidence:
|
Analyse data and assign costs
|
|
Analyse costs and identify cost behaviour characteristics Completed |
Evidence:
|
Assign costs to specified products, services and organisational units, and reconcile data to ensure calculations are accurate and comply with organisational procedures Completed |
Evidence:
|
Ensure interpretation of revenues and costs is supported by valid analysis and is consistent with organisation’s business performance objectives Completed |
Evidence:
|
Prepare cost reports and budgets
|
|
Obtain cost information advice from all sections of organisation when formulating cost reports and budgets Completed |
Evidence:
|
Ensure structure and format of budgets are clear and comply with management information requirements and organisational practices Completed |
Evidence:
|
Analyse variances and review costing system integrity
|
|
Calculate and analyse variances against budget Completed |
Evidence:
|
Ensure reports are accurate, comprehensive and comply with management information requirements and organisational practices Completed |
Evidence:
|
Use variance analysis to review effectiveness of cost assignment processes Completed |
Evidence:
|