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?
Plan preparation timetable
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All critical milestones are identified to ensure financial forecasts and projections can be prepared within timeframes Completed |
Evidence:
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Business plans, financial forecasting and processing systems are reviewed to identify timeframes and parameters and any potential conflicts Completed |
Evidence:
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Identify assumptions and parameters
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Business plans and exception reports are reviewed to identify and resolve conflicts in assumptions Completed |
Evidence:
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Assumptions and parameters are reviewed to ensure compliance with organisation policy and procedures Completed |
Evidence:
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Current and historical financial reports are analysed to establish trends and the external environment examined to gain an objective overview Completed |
Evidence:
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Issue instructions and relevant aids for preparation of forecasts and projections
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Instructions issued are clear and unambiguous and comply with organisation format to ensure ease of use and consistency of interpretation Completed |
Evidence:
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Types of business are identified to enable effective financial models to be selected with training provided to ensure comprehensive understanding and effective use of the models by users Completed |
Evidence:
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Collect, consolidate, model and analyse data
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Data is reviewed to ensure consistency with actual results and model used with analysis results documented in a clear and unambiguous way Completed |
Evidence:
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Data collected are reliable, valid, complete and comprehensive Completed |
Evidence:
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Processing is completed in accordance with established timetable and data are consolidated in a logical structured format that enables ready analysis Completed |
Evidence:
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Document results and obtain approval
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Results are documented in a clear and understandable manner and in a format suitable to meet needs of target users Completed |
Evidence:
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All approvals are obtained in accordance with management objectives, financial and organisation policies and the results distributed within the timetable Completed |
Evidence:
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