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Evidence Guide: FNSINC401 - Apply principles of professional practice to work in the financial services industry

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

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

 

FNSINC401 - Apply principles of professional practice to work in the financial services industry

What evidence can you provide to prove your understanding of each of the following citeria?

Identify scope, sectors and responsibilities of industry

  1. Identify and consider external forces impacting on financial services industry while carrying out activities
  2. Identify main sectors of financial services industry and interrelationship between sectors in carrying out activities
  3. Identify roles and responsibilities of other participants in financial services industry in carrying out activities
Identify and consider external forces impacting on financial services industry while carrying out activities

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify main sectors of financial services industry and interrelationship between sectors in carrying out activities

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify roles and responsibilities of other participants in financial services industry in carrying out activities

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and apply guidelines, procedures and legislation

  1. Collect, apply and analyse information on relevant legislation, regulations and codes of practice as applied to financial services industry
  2. Clarify own work practice and regularly refine in light of relevant legislation, regulations and codes of practice, and organisational policy, guidelines and procedures
  3. Apply relevant codes of practice in an ethical approach to workplace practice and decisions
Collect, apply and analyse information on relevant legislation, regulations and codes of practice as applied to financial services industry

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Clarify own work practice and regularly refine in light of relevant legislation, regulations and codes of practice, and organisational policy, guidelines and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Apply relevant codes of practice in an ethical approach to workplace practice and decisions

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify sustainability issues

  1. Obtain and analyse information on sustainability policies, strategies and impacts on industry from a range of sources
  2. Identify and promote environmental sustainability as an integral part of business planning and business opportunity
  3. Incorporate and support triple bottom line principles in work planning
Obtain and analyse information on sustainability policies, strategies and impacts on industry from a range of sources

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and promote environmental sustainability as an integral part of business planning and business opportunity

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Incorporate and support triple bottom line principles in work planning

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Manage information

  1. Read and discuss with appropriate persons relevant documents and reports that could impact on work effectiveness and compliance
  2. Analyse, evaluate and check documents, reports, data and numerical calculations to meet customer and organisational requirements
  3. Present information in format appropriate for audience
Read and discuss with appropriate persons relevant documents and reports that could impact on work effectiveness and compliance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse, evaluate and check documents, reports, data and numerical calculations to meet customer and organisational requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Present information in format appropriate for audience

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Participate in and facilitate work team activities

  1. Provide feedback to team members to encourage, value and reward individual and team efforts, and contributions
  2. Actively encourage team members to participate in and take responsibility for team activities and communication processes
  3. Support team to identify and resolve problems which impede its performance
  4. 5.4 Ensure own work serves as role model for others and enhances organisation's image and financial services industry
Provide feedback to team members to encourage, value and reward individual and team efforts, and contributions

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Actively encourage team members to participate in and take responsibility for team activities and communication processes

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Support team to identify and resolve problems which impede its performance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

5.4 Ensure own work serves as role model for others and enhances organisation's image and financial services industry

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Plan work to be completed

  1. Determine tasks to be done and identify relevant conditions to work autonomously or in team environment
  2. Plan work to manage resources, time and priorities
  3. Contribute to organisational planning process as required to achieve service improvement
  4. Adapt to changes in technology and work organisation in timely manner
Determine tasks to be done and identify relevant conditions to work autonomously or in team environment

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Plan work to manage resources, time and priorities

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Contribute to organisational planning process as required to achieve service improvement

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Adapt to changes in technology and work organisation in timely manner

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop and maintain personal competency

  1. Identify and review personal professional development needs and goals on regular basis
  2. Clarify and comply with competency, authorisation and licensing requirements
  3. Seek professional development opportunities that reflect needs and goals in agreed timeframe
Identify and review personal professional development needs and goals on regular basis

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Clarify and comply with competency, authorisation and licensing requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Seek professional development opportunities that reflect needs and goals in agreed timeframe

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Identify scope, sectors and responsibilities of industry

1.1 Identify and consider external forces impacting on financial services industry while carrying out activities

1.2 Identify main sectors of financial services industry and interrelationship between sectors in carrying out activities

1.3 Identify roles and responsibilities of other participants in financial services industry in carrying out activities

2. Identify and apply guidelines, procedures and legislation

2.1 Collect, apply and analyse information on relevant legislation, regulations and codes of practice as applied to financial services industry

2.2 Clarify own work practice and regularly refine in light of relevant legislation, regulations and codes of practice, and organisational policy, guidelines and procedures

2.3 Apply relevant codes of practice in an ethical approach to workplace practice and decisions

3. Identify sustainability issues

3.1 Obtain and analyse information on sustainability policies, strategies and impacts on industry from a range of sources

3.2 Identify and promote environmental sustainability as an integral part of business planning and business opportunity

3.3 Incorporate and support triple bottom line principles in work planning

4. Manage information

4.1 Read and discuss with appropriate persons relevant documents and reports that could impact on work effectiveness and compliance

4.2 Analyse, evaluate and check documents, reports, data and numerical calculations to meet customer and organisational requirements

4.3 Present information in format appropriate for audience

5. Participate in and facilitate work team activities

5.1 Provide feedback to team members to encourage, value and reward individual and team efforts, and contributions

5.2 Actively encourage team members to participate in and take responsibility for team activities and communication processes

5.3 Support team to identify and resolve problems which impede its performance

5.4 Ensure own work serves as role model for others and enhances organisation's image and financial services industry

6. Plan work to be completed

6.1 Determine tasks to be done and identify relevant conditions to work autonomously or in team environment

6.2 Plan work to manage resources, time and priorities

6.3 Contribute to organisational planning process as required to achieve service improvement

6.4 Adapt to changes in technology and work organisation in timely manner

7. Develop and maintain personal competency

7.1 Identify and review personal professional development needs and goals on regular basis

7.2 Clarify and comply with competency, authorisation and licensing requirements

7.3 Seek professional development opportunities that reflect needs and goals in agreed timeframe

Required Skills and Knowledge

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Identify scope, sectors and responsibilities of industry

1.1 Identify and consider external forces impacting on financial services industry while carrying out activities

1.2 Identify main sectors of financial services industry and interrelationship between sectors in carrying out activities

1.3 Identify roles and responsibilities of other participants in financial services industry in carrying out activities

2. Identify and apply guidelines, procedures and legislation

2.1 Collect, apply and analyse information on relevant legislation, regulations and codes of practice as applied to financial services industry

2.2 Clarify own work practice and regularly refine in light of relevant legislation, regulations and codes of practice, and organisational policy, guidelines and procedures

2.3 Apply relevant codes of practice in an ethical approach to workplace practice and decisions

3. Identify sustainability issues

3.1 Obtain and analyse information on sustainability policies, strategies and impacts on industry from a range of sources

3.2 Identify and promote environmental sustainability as an integral part of business planning and business opportunity

3.3 Incorporate and support triple bottom line principles in work planning

4. Manage information

4.1 Read and discuss with appropriate persons relevant documents and reports that could impact on work effectiveness and compliance

4.2 Analyse, evaluate and check documents, reports, data and numerical calculations to meet customer and organisational requirements

4.3 Present information in format appropriate for audience

5. Participate in and facilitate work team activities

5.1 Provide feedback to team members to encourage, value and reward individual and team efforts, and contributions

5.2 Actively encourage team members to participate in and take responsibility for team activities and communication processes

5.3 Support team to identify and resolve problems which impede its performance

5.4 Ensure own work serves as role model for others and enhances organisation's image and financial services industry

6. Plan work to be completed

6.1 Determine tasks to be done and identify relevant conditions to work autonomously or in team environment

6.2 Plan work to manage resources, time and priorities

6.3 Contribute to organisational planning process as required to achieve service improvement

6.4 Adapt to changes in technology and work organisation in timely manner

7. Develop and maintain personal competency

7.1 Identify and review personal professional development needs and goals on regular basis

7.2 Clarify and comply with competency, authorisation and licensing requirements

7.3 Seek professional development opportunities that reflect needs and goals in agreed timeframe