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?
Assess client needs
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Expectations and objectives of client are clarified and confirmed to ensure mutual understanding of client goals Completed |
Evidence:
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The client's specific legal and financial requirements are identified when establishing, structuring and financing a business Completed |
Evidence:
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Financial options and processes are discussed with client to develop suitable plans for the provision of information for the achievement of client goals Completed |
Evidence:
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Progress of plans is reviewed regularly against agreed criteria and results communicated to client Completed |
Evidence:
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Client objectives are monitored to identify changes in client needs Completed |
Evidence:
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Feedback on service is regularly obtained, analysed and incorporated into services to client Completed |
Evidence:
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Shortfalls in customer service are investigated and proposals for overcoming them are formulated and implemented Completed |
Evidence:
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Analyse data
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Advice on reliability and accuracy of data is sought from appropriate authorities and sources in accordance with organisational procedures Completed |
Evidence:
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Data is compiled in accordance with standard financial reporting requirements Completed |
Evidence:
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Revenues and costs are analysed in accordance to standard accounting techniques and consistent with the organisation's objectives Completed |
Evidence:
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All data and reports are analysed in accordance with standard financial analysis techniques Completed |
Evidence:
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Data is reconciled to ensure statements are accurate and comply with organisational procedures and statutory requirements Completed |
Evidence:
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Information is evaluated in relation to the financial performance of a business, specifically profitability, efficiency and financial stability Completed |
Evidence:
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Further analysis is undertaken to ensure consistency of analysis with client's business and personal objectives Completed |
Evidence:
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Further evaluation is undertaken to assess the financial potential of the business, its future funding requirements and its statutory obligations Completed |
Evidence:
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Prepare advice
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Advice provides client with a realistic view of financial performance and compliance, including significant taxation issues and comparisons of alternative options Completed |
Evidence:
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Suitable methods of presentation, language and forms of documentation are used to convey information to client Completed |
Evidence:
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Advice identifies how risks, contingencies and future cash flows may be identified and quantified Completed |
Evidence:
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Client is advised of risk management options Completed |
Evidence:
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Client is advised of rights and obligations Completed |
Evidence:
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Client is advised on alternative sources and features of short and long term finance Completed |
Evidence:
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