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?
Identify extent of customer's financial awareness
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Customer's understanding of the financial system, the role of financial institutions in the modern economy and awareness of what money is and how it is exchanged is identified and clarified with the customer where necessary Completed |
Evidence:
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Relevant aspects of the customer's own financial situation are clarified and areas of concern are discussed Completed |
Evidence:
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Discuss methods available for spending and saving money
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Options available for the purchase of goods and services are identified and discussed with the customer to determine advantages and disadvantages Completed |
Evidence:
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The necessity and means of opening and operating a bank account and the range of accounts available for holding and saving money are identified and advantages and disadvantages of each are discussed with the customer Completed |
Evidence:
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Range of methods to access funds is discussed and queries addressed with the customer Completed |
Evidence:
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The importance of record keeping for tax purposes and individual money management is discussed with the customer Completed |
Evidence:
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Discuss basic money management principles
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The benefits and means of developing a savings plan and strategy and the role of budgeting is explained and the customer is shown how to compile and implement a budget Completed |
Evidence:
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Relationship between risk and return is explained to the customer in a plain language Completed |
Evidence:
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Techniques for evaluating alternative financial products and the risks associated with some forms of financial products are discussed with the customer in relation to their situation Completed |
Evidence:
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Discuss the role of other forms of savings and investment options
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The role and benefits of insurance as a means of protecting against events of risk are discussed with the customer Completed |
Evidence:
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The role of superannuation and retirement planning including superannuation contributions covering life and permanent disability insurance are explained to the customer Completed |
Evidence:
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Ways in which the customer can provide for own future requirements are discussed with the customer Completed |
Evidence:
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