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Evidence Guide: PSPGEN078 - Apply complex public sector financial requirements

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

 

PSPGEN078 - Apply complex public sector financial requirements

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

Interpret and apply complex public sector financial requirements

  1. Identify public sector financial requirements.
  2. Interpret and explain public sector financial management compliance framework hierarchy to others in accordance with their needs, to ensure the organisation’s compliance with the framework’s requirements.
  3. Provide advice regarding interpretation of public sector financial policies and procedures and accounting standards.
  4. Interpret and provide information on the organisation’s financial controls and accountabilities to management and staff.
  5. Develop and refine business solutions for the organisation.
Identify public sector financial requirements.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Interpret and explain public sector financial management compliance framework hierarchy to others in accordance with their needs, to ensure the organisation’s compliance with the framework’s requirements.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Provide advice regarding interpretation of public sector financial policies and procedures and accounting standards.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Interpret and provide information on the organisation’s financial controls and accountabilities to management and staff.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Develop and refine business solutions for the organisation.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Establish and apply internal financial controls

  1. Analyse current internal controls for improvement and revise or replace as required.
  2. Review controls to ensure they include effective delegation levels, lines of responsibility, and associated accountabilities.
  3. Check controls for consistency with government policy and organisational structure.
  4. Implement, document and make accessible systems and surrounding control procedures.
Analyse current internal controls for improvement and revise or replace as required.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Review controls to ensure they include effective delegation levels, lines of responsibility, and associated accountabilities.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Check controls for consistency with government policy and organisational structure.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Implement, document and make accessible systems and surrounding control procedures.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Formulate and maintain financial policy and procedures

  1. Interpret public sector financial policies and procedures and provide advice on the implications for the organisation’s financial policy and procedures.
  2. Develop and approve organisational financial policy and procedures.
  3. Provide input to interdepartmental accounting groups responsible for policy development.
  4. Develop policies to meet regulatory and legislative requirements and cost-effective best practice.
Interpret public sector financial policies and procedures and provide advice on the implications for the organisation’s financial policy and procedures.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Develop and approve organisational financial policy and procedures.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Provide input to interdepartmental accounting groups responsible for policy development.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Develop policies to meet regulatory and legislative requirements and cost-effective best practice.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Interpret and apply complex public sector financial requirements

  1. Identify public sector financial requirements.
  2. Interpret and explain public sector financial management compliance framework hierarchy to others in accordance with their needs, to ensure the organisation’s compliance with the framework’s requirements.
  3. Provide advice regarding interpretation of public sector financial policies and procedures and accounting standards.
  4. Interpret and provide information on the organisation’s financial controls and accountabilities to management and staff.
  5. Develop and refine business solutions for the organisation.
Identify public sector financial requirements.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Interpret and explain public sector financial management compliance framework hierarchy to others in accordance with their needs, to ensure the organisation’s compliance with the framework’s requirements.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Provide advice regarding interpretation of public sector financial policies and procedures and accounting standards.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Interpret and provide information on the organisation’s financial controls and accountabilities to management and staff.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Develop and refine business solutions for the organisation.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Establish and apply internal financial controls

  1. Analyse current internal controls for improvement and revise or replace as required.
  2. Review controls to ensure they include effective delegation levels, lines of responsibility, and associated accountabilities.
  3. Check controls for consistency with government policy and organisational structure.
  4. Implement, document and make accessible systems and surrounding control procedures.
Analyse current internal controls for improvement and revise or replace as required.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Review controls to ensure they include effective delegation levels, lines of responsibility, and associated accountabilities.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Check controls for consistency with government policy and organisational structure.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Implement, document and make accessible systems and surrounding control procedures.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Formulate and maintain financial policy and procedures

  1. Interpret public sector financial policies and procedures and provide advice on the implications for the organisation’s financial policy and procedures.
  2. Develop and approve organisational financial policy and procedures.
  3. Provide input to interdepartmental accounting groups responsible for policy development.
  4. Develop policies to meet regulatory and legislative requirements and cost-effective best practice.
Interpret public sector financial policies and procedures and provide advice on the implications for the organisation’s financial policy and procedures.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Develop and approve organisational financial policy and procedures.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Provide input to interdepartmental accounting groups responsible for policy development.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Develop policies to meet regulatory and legislative requirements and cost-effective best practice.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes

Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the range of conditions section.

1. Interpret and apply complex public sector financial requirements

1.1 Identify public sector financial requirements.

1.2 Interpret and explain public sector financial management compliance framework hierarchy to others in accordance with their needs, to ensure the organisation’s compliance with the framework’s requirements.

1.3 Provide advice regarding interpretation of public sector financial policies and procedures and accounting standards.

1.4 Interpret and provide information on the organisation’s financial controls and accountabilities to management and staff.

1.5 Develop and refine business solutions for the organisation.

2. Establish and apply internal financial controls

2.1 Analyse current internal controls for improvement and revise or replace as required.

2.2 Review controls to ensure they include effective delegation levels, lines of responsibility, and associated accountabilities.

2.3 Check controls for consistency with government policy and organisational structure.

2.4 Implement, document and make accessible systems and surrounding control procedures.

3. Formulate and maintain financial policy and procedures

3.1 Interpret public sector financial policies and procedures and provide advice on the implications for the organisation’s financial policy and procedures.

3.2 Develop and approve organisational financial policy and procedures.

3.3 Provide input to interdepartmental accounting groups responsible for policy development.

3.4 Develop policies to meet regulatory and legislative requirements and cost-effective best practice.

Required Skills and Knowledge

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes

Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the range of conditions section.

1. Interpret and apply complex public sector financial requirements

1.1 Identify public sector financial requirements.

1.2 Interpret and explain public sector financial management compliance framework hierarchy to others in accordance with their needs, to ensure the organisation’s compliance with the framework’s requirements.

1.3 Provide advice regarding interpretation of public sector financial policies and procedures and accounting standards.

1.4 Interpret and provide information on the organisation’s financial controls and accountabilities to management and staff.

1.5 Develop and refine business solutions for the organisation.

2. Establish and apply internal financial controls

2.1 Analyse current internal controls for improvement and revise or replace as required.

2.2 Review controls to ensure they include effective delegation levels, lines of responsibility, and associated accountabilities.

2.3 Check controls for consistency with government policy and organisational structure.

2.4 Implement, document and make accessible systems and surrounding control procedures.

3. Formulate and maintain financial policy and procedures

3.1 Interpret public sector financial policies and procedures and provide advice on the implications for the organisation’s financial policy and procedures.

3.2 Develop and approve organisational financial policy and procedures.

3.3 Provide input to interdepartmental accounting groups responsible for policy development.

3.4 Develop policies to meet regulatory and legislative requirements and cost-effective best practice.

Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the candidate must demonstrate evidence of performance of the following on at least one occasion.

interpreting complex and formal documents, including legislation, policies, procedures, and accounting standards, and providing advice on their interpretation and application

adjusting communication to suit different audiences

preparing reports and policies requiring precision of expression

setting industry benchmarks and influencing policy

synthesising and applying information and legislation accessed electronically or in hard copy

applying environmental and work health and safety procedures relating to working in the public sector

Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the depth of knowledge demonstrated must be appropriate to the job context of the candidate.

public sector legislation including work health and safety and environment, policies and processes relating to public sector finance

public sector financial management compliance framework (intimate knowledge) and the relationship of the elements of the framework

internal control principles and how these have been applied to financial processes

corporate governance requirements/relationship of financial management compliance framework to organisational structures

service level agreements

internal and external reporting requirements

industry and accounting standards

public sector standards and codes of conduct/ethics