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Evidence Guide: FNSINC501 - Conduct product research to support recommendations

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

 

FNSINC501 - Conduct product research to support recommendations

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

Interpret available information and conduct research

  1. Establish timelines to meet research deadlines
  2. Identify relevant sources of information accurately and consistently, and source and retrieve required information readily and promptly
  3. Constantly review sources of research information and documentation to ensure currency and accuracy
  4. Prepare research findings that logically flow from interpretation of information available in detailed, clear and accurate format, and in timely manner
Establish timelines to meet research deadlines

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify relevant sources of information accurately and consistently, and source and retrieve required information readily and promptly

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Constantly review sources of research information and documentation to ensure currency and accuracy

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare research findings that logically flow from interpretation of information available in detailed, clear and accurate format, and in timely manner

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse and review research findings and activities

  1. Carry out research activities and outcomes in accordance with organisational policy and guidelines, confidentiality requirements, and relevant legislation or industry codes of practice
  2. Analyse and review research findings and activities to ensure accuracy and thoroughness
  3. Review statutory disclosures to maintain consistency and compliance
  4. Seek feedback regularly to monitor effectiveness and appropriateness of research activities
Carry out research activities and outcomes in accordance with organisational policy and guidelines, confidentiality requirements, and relevant legislation or industry codes of practice

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse and review research findings and activities to ensure accuracy and thoroughness

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review statutory disclosures to maintain consistency and compliance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Seek feedback regularly to monitor effectiveness and appropriateness of research activities

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Document research and distribute to relevant parties

  1. Check research to ensure compliance with organisational policy and guidelines, and with relevant legislation or industry codes of practice, and ensure it is authorised before release
  2. Distribute research to all relevant parties as required in timely manner
  3. Obtain confirmation of receipt of research information where relevant to complete organisational records of compliance
Check research to ensure compliance with organisational policy and guidelines, and with relevant legislation or industry codes of practice, and ensure it is authorised before release

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Distribute research to all relevant parties as required in timely manner

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Obtain confirmation of receipt of research information where relevant to complete organisational records of compliance

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. Interpret available information and conduct research

1.1 Establish timelines to meet research deadlines

1.2 Identify relevant sources of information accurately and consistently, and source and retrieve required information readily and promptly

1.3 Constantly review sources of research information and documentation to ensure currency and accuracy

1.4 Prepare research findings that logically flow from interpretation of information available in detailed, clear and accurate format, and in timely manner

2. Analyse and review research findings and activities

2.1 Carry out research activities and outcomes in accordance with organisational policy and guidelines, confidentiality requirements, and relevant legislation or industry codes of practice

2.2 Analyse and review research findings and activities to ensure accuracy and thoroughness

2.3 Review statutory disclosures to maintain consistency and compliance

2.4 Seek feedback regularly to monitor effectiveness and appropriateness of research activities

3. Document research and distribute to relevant parties

3.1 Check research to ensure compliance with organisational policy and guidelines, and with relevant legislation or industry codes of practice, and ensure it is authorised before release

3.2 Distribute research to all relevant parties as required in timely manner

3.3 Obtain confirmation of receipt of research information where relevant to complete organisational records of compliance

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. Interpret available information and conduct research

1.1 Establish timelines to meet research deadlines

1.2 Identify relevant sources of information accurately and consistently, and source and retrieve required information readily and promptly

1.3 Constantly review sources of research information and documentation to ensure currency and accuracy

1.4 Prepare research findings that logically flow from interpretation of information available in detailed, clear and accurate format, and in timely manner

2. Analyse and review research findings and activities

2.1 Carry out research activities and outcomes in accordance with organisational policy and guidelines, confidentiality requirements, and relevant legislation or industry codes of practice

2.2 Analyse and review research findings and activities to ensure accuracy and thoroughness

2.3 Review statutory disclosures to maintain consistency and compliance

2.4 Seek feedback regularly to monitor effectiveness and appropriateness of research activities

3. Document research and distribute to relevant parties

3.1 Check research to ensure compliance with organisational policy and guidelines, and with relevant legislation or industry codes of practice, and ensure it is authorised before release

3.2 Distribute research to all relevant parties as required in timely manner

3.3 Obtain confirmation of receipt of research information where relevant to complete organisational records of compliance

Evidence of the ability to:

establish and meet required research deadlines

accurately interpret and comply with relevant legislative requirements

access and interpret available information accurately and comprehensively

comply with statutory disclosure requirements

document research findings concisely and clearly for distribution purposes.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

To complete the unit requirements safely and effectively, the individual must:

identify sources and parties that provide relevant information for research on financial products

describe the current economic climate and forecasted outlook for relevant financial products

explain financial forecasting techniques and tools to be used to assess the market for financial products

identify and outline local and international financial markets and investment outlook for financial products

describe organisational policy, procedures and requirements relevant to products and research

identify and describe key features of industry legislation and codes of practice relevant to product research, and protocols to be followed

describe techniques and tools for evaluation and interpretation of research data.