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?
Prepare budgets
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Cash, expenditure and revenue items are clearly defined and relevant to identified objectives of the budget Completed |
Evidence:
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Budget objectives are clear and consistent with organisational aims and projects Completed |
Evidence:
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Discussions and negotiations with stakeholders are conducted in a manner that promotes understanding, goodwill and ongoing cooperation Completed |
Evidence:
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Milestones and performance indicators are identified and included in budgets to monitor financial performance Completed |
Evidence:
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Annual budgets are broken down into seasonal periods in accordance with operating trends Completed |
Evidence:
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Forecast estimates
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Estimates of future cash flow, costs and revenues are realistic and attainable and supported by verifiable evidence and source documentation Completed |
Evidence:
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Relevant data for forecasts are identified and changes in circumstances anticipated Completed |
Evidence:
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Assumptions and parameters are established and reviewed for accuracy, relevance and compliance with organisational procedures and policies Completed |
Evidence:
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Financial risks are identified and protection strategies initiated in accordance with organisational procedures and policies Completed |
Evidence:
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Document budget
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Data is presented in a format that is easily understood and appropriate to budget reporting Completed |
Evidence:
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Reports are completed within timelines and distributed for specified periods and projects Completed |
Evidence:
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Trends, issues and comparisons are identified and reported in a structured format to ensure transparency and validity of analysis Completed |
Evidence:
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Data is presented in a format that is easily understood and appropriate to budget reporting Completed |
Evidence:
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Reports are completed within timelines and distributed for specified periods and projects |
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Completed |
Evidence:
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Trends, issues and comparisons are identified and reported in a structured format to ensure transparency and validity of analysis |
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Completed |
Evidence:
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Feasibility is identified by comparison of projections with market growth and development |
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Completed |
Evidence:
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Monitor budget outcomes
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Budget variances are prepared in accordance with organisational procedures Completed |
Evidence:
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Budget variances are analysed Completed |
Evidence:
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Recommendations based on the analysis are made to client/designated person Completed |
Evidence:
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Budget processes are reviewed and implemented as required Completed |
Evidence:
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