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?
Develop linkages between strategic planning outcomes and financial management processes
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Financial management authority and autonomy are provided within organisational and program structures to enable outcomes to be achieved Completed |
Evidence:
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Financial processes are structured to ensure manageable linkages to program outputs while retaining internal controls in accordance with organisational policy and procedures Completed |
Evidence:
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Activities to be funded/managed are organised into programs and sub-programs to reflect logical groupings of organisational objectives that address current government policy and strategy Completed |
Evidence:
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Linkages to outputs and outcomes are developed in accordance with the organisation's business and longer term plans Completed |
Evidence:
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Establish and maintain a financial risk management strategy
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Current and potential risk exposures are identified and measured, including alternative profiles Completed |
Evidence:
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Cost effective policies and procedures for minimising and managing exposures are implemented and monitored Completed |
Evidence:
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Financial risk management policies and practices are documented and reviewed in accordance with organisational requirements Completed |
Evidence:
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Learning, development and support needs are identified and resourced to assist staff to effectively manage risk Completed |
Evidence:
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Establish and maintain a taxation strategy
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Exposure to applicable State/Territory and Federal taxes is determined and a strategy to increase taxation awareness within the organisation is developed in accordance with organisational requirements Completed |
Evidence:
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Timely strategic taxation advice is sourced/provided and used in the development of the strategy Completed |
Evidence:
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A cost effective strategy is established/maintained to capture, quantify, minimise and pay taxation liabilities in accordance with law Completed |
Evidence:
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Establish resource requirements in financial terms
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Resource requirements are determined in terms of physical assets and human resources in accordance with program requirements Completed |
Evidence:
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Financial analysis techniques are used to evaluate and approve alternative and new resource allocation proposals Completed |
Evidence:
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Processes are established to allocate resources efficiently, effectively and economically in accordance with prioritised strategic and operational plans Completed |
Evidence:
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Service delivery requirements are established in accordance with program requirements Completed |
Evidence:
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A strategic asset plan is developed, submitted for approval and maintained in accordance with organisational requirements Completed |
Evidence:
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Develop financial bids and estimates
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Organisational initiatives are costed and bids/estimates are prepared in accordance with budgetary processes and requirements Completed |
Evidence:
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Bids/estimates are linked to organisational priorities, based on substantiated information and logical assumptions and take account of resource constraints and organisational needs Completed |
Evidence:
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Bids/estimates are developed to reflect outstanding liabilities and receipt collections and are prepared to meet critical submission dates Completed |
Evidence:
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Supporting documentation is prepared to justify bids/estimates in accordance with budget guidelines Completed |
Evidence:
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Develop linkages between strategic planning outcomes and financial management processes
|
|
Financial management authority and autonomy are provided within organisational and program structures to enable outcomes to be achieved. Completed |
Evidence:
|
Financial processes are structured to ensure manageable linkages to program outputs while retaining internal controls in accordance with organisational policy and procedures. Completed |
Evidence:
|
Activities to be funded/managed are organised into programs and sub-programs to reflect logical groupings of organisational objectives that address current government policy and strategy. Completed |
Evidence:
|
Linkages to outputs and outcomes are developed in accordance with the organisation's business and longer term plans. Completed |
Evidence:
|
Establish and maintain a financial risk management strategy
|
|
Current and potential risk exposures are identified and measured, including alternative profiles. Completed |
Evidence:
|
Cost effective policies and procedures for minimising and managing exposures are implemented and monitored. Completed |
Evidence:
|
Financial risk management policies and practices are documented and reviewed in accordance with organisational requirements. Completed |
Evidence:
|
Learning, development and support needs are identified and resourced to assist staff to effectively manage risk. Completed |
Evidence:
|
Establish and maintain a taxation strategy
|
|
Exposure to applicable State/Territory and Federal taxes is determined and a strategy to increase taxation awareness within the organisation is developed in accordance with organisational requirements. Completed |
Evidence:
|
Timely strategic taxation advice is sourced/provided and used in the development of the strategy. Completed |
Evidence:
|
A cost effective strategy is established/maintained to capture, quantify, minimise and pay taxation liabilities in accordance with law. Completed |
Evidence:
|
Establish resource requirements in financial terms
|
|
Resource requirements are determined in terms of physical assets and human resources in accordance with program requirements. Completed |
Evidence:
|
Financial analysis techniques are used to evaluate and approve alternative and new resource allocation proposals. Completed |
Evidence:
|
Processes are established to allocate resources efficiently, effectively and economically in accordance with prioritised strategic and operational plans. Completed |
Evidence:
|
Service delivery requirements are established in accordance with program requirements. Completed |
Evidence:
|
A strategic asset plan is developed, submitted for approval and maintained in accordance with organisational requirements. Completed |
Evidence:
|
Develop financial bids and estimates
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|
Organisational initiatives are costed and bids/estimates are prepared in accordance with budgetary processes and requirements. Completed |
Evidence:
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Bids/estimates are linked to organisational priorities, based on substantiated information and logical assumptions and take account of resource constraints and organisational needs. Completed |
Evidence:
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Bids/estimates are developed to reflect outstanding liabilities and receipt collections and are prepared to meet critical submission dates. Completed |
Evidence:
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Supporting documentation is prepared to justify bids/estimates in accordance with budget guidelines. Completed |
Evidence:
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