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 financial risk exposure
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Magnitude and volatility of risks are measured to determine the extent of risk exposure and the implications for financial strategies Completed |
Evidence:
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Key factors supporting or driving risk exposure are identified and timeframes established to monitor and improve performance Completed |
Evidence:
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Short and long term financial outcomes and projections are compared with actual cash flows using standard financial analysis techniques to determine effects on liquidity and budget adjustments Completed |
Evidence:
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Develop risk management processes
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Risk management options include assessments of alternatives, criteria for success, and estimates of long and short term effects Completed |
Evidence:
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Strategies are developed using standard financial analysis techniques to identify financial flows, trends in returns and adjustments in asset values Completed |
Evidence:
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Financial recording systems are established to monitor and evaluate changes in market conditions and business needs using a range of data sources Completed |
Evidence:
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Risk management strategy optimises the mix of asset structures and liabilities in operations and ensures flexibility to meet changing environments Completed |
Evidence:
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Analyse financial histories
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Financial performance is evaluated using trends and patterns that identify the magnitude and volatility of financial exposures Completed |
Evidence:
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Long and short term financial outcomes are compared with forecasted outcomes to assess variances and parameters in performance and the reliability of financial advice Completed |
Evidence:
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Incidents and factors increasing or diminishing financial performance are identified and analysed using standard financial analysis techniques Completed |
Evidence:
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Establish processes to minimise risks
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Recording systems to monitor financial outcomes are developed and reviewed to guide and document decision making Completed |
Evidence:
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Inventories are maintained and established to ensure up-to-date records on the value of assets and liabilities Completed |
Evidence:
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The contribution of organisational attitudes to risk taking is assessed and incorporated in risk analysis process Completed |
Evidence:
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Parameters for variances in financial outcomes are developed, reviewed and communicated to support financial decision making Completed |
Evidence:
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