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?
Establish financial system requirements
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Consult relevant stakeholders and analyse existing financial plans to determine financial system requirements for efficient financial administration Completed |
Evidence:
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Identify and record reporting and procedural requirements that affect the organisation for future reference Completed |
Evidence:
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Include satisfactory security mechanism for internal financial audit controls in system specifications Completed |
Evidence:
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Identify risks to financial viability and cost contingency strategies to manage risk Completed |
Evidence:
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Design financial management systems
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Access sources of competent assistance and use advice to secure financial records and assets Completed |
Evidence:
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Ensure financial management system design provides accurate and timely information about organisation’s transactions, working capital and cash flow Completed |
Evidence:
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Identify, acquire and implement installation of equipment and software needed for operation of system to support organisation’s transactions Completed |
Evidence:
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Ensure financial reporting requirements are known and used by relevant personnel Completed |
Evidence:
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Ensure established financial reports provide accurate and timely data required for financial decision making Completed |
Evidence:
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Produce agreed schedules of account recording and reconciliation systems at regular intervals that support organisation’s service provision and business decisions Completed |
Evidence:
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Ensure mechanisms for review of terms of trade and fee structures are suited to organisation’s needs and meet industry standards Completed |
Evidence:
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Prepare financial reports at regular intervals in required format to meet external audit requirements Completed |
Evidence:
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Prepare and review financial plans
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Link financial plans to reviews of organisation’s strategic business plan to enable timely financial adjustments Completed |
Evidence:
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Maintain probity in planning and implementation of financial management activities Completed |
Evidence:
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Ensure financial plans provide reasonable basis for budgeting and ongoing financial management of organisation Completed |
Evidence:
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Monitor and review financial reporting systems
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Use financial reporting systems to evaluate organisational performance against agreed performance indicators, and enable timely adjustments to be made to business investments Completed |
Evidence:
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Monitor financial reports and systems to ensure ease of use by staff authorised to manage organisation’s finances Completed |
Evidence:
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