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
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Systems to generate cost and operating data are established Completed |
Evidence:
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Systems to determine cost and operating standards are established Completed |
Evidence:
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Data is systematically coded, classified and checked for accuracy and reliability in accordance with organisational policies and procedures Completed |
Evidence:
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Analyse data
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Costs are assigned to specified products, services, projects, organisational units, customers, distribution channel, market segments and other cost objects Completed |
Evidence:
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Data is reconciled to ensure calculations are accurate and comply with organisational procedures Completed |
Evidence:
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Variance analysis is used to review the effectiveness of the cost assignment process Completed |
Evidence:
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Interpretation of revenues and costs is supported by valid analysis and is consistent with the organisation's objectives Completed |
Evidence:
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Prepare cost reports and budgets
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Cost information and organisational activities advice is sought from all sections of the organization when formulating reports and budgets Completed |
Evidence:
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Structure and format of reports and budgets are clear and conform to routine and ad hoc management information requirements Completed |
Evidence:
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Comprehensive variances against budget and standards are identified, and prioritised for review and decision making Completed |
Evidence:
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Reports are error free, comprehensive and comply with routine and ad hoc management requirements and organisational practices Completed |
Evidence:
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Analyse cost reports and budgets
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Variances against budget are interpreted and discussed in consultation with relevant sections of the organisation Completed |
Evidence:
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Outcomes from variance reviews are assessed and recommendations made for further actions where required, including revisions to cost and activity standards Completed |
Evidence:
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Cost and process information is reviewed for value adding and non-value adding activities, and recommendations made for further actions Completed |
Evidence:
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Reports and budgets on specified products, services, projects, organisational units, customers, market segments and other cost objects are assessed against the organisation's objectives, and recommendations made for further actions Completed |
Evidence:
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