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Evidence Guide: PSPGEN080 - Develop public sector financial strategies

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

 

PSPGEN080 - Develop public sector financial strategies

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

  1. Provide financial management authority and autonomy within organisational and program structures to enable outcomes to be achieved.
  2. Structure financial processes to ensure manageable linkages to program outputs while retaining internal controls.
  3. Organise activities to be funded or managed into programs and subprograms to reflect logical groupings of organisational objectives that address current government policy and strategy.
  4. Develop linkages to outputs and outcomes in accordance with the organisation’s business and longer term plans.
Provide financial management authority and autonomy within organisational and program structures to enable outcomes to be achieved.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Structure financial processes to ensure manageable linkages to program outputs while retaining internal controls.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Organise activities to be funded or managed into programs and subprograms to reflect logical groupings of organisational objectives that address current government policy and strategy.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop linkages to outputs and outcomes in accordance with the organisation’s business and longer term plans.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish and maintain a financial risk management strategy

  1. Identify and measure current and potential risk exposures, including alternative profiles.
  2. Implement and monitor cost effective policies and procedures for minimising and managing exposures.
  3. Document and review financial risk management policies and practices.
  4. Identify and resource learning, development and support needs to assist staff to effectively manage risk.
Identify and measure current and potential risk exposures, including alternative profiles.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement and monitor cost effective policies and procedures for minimising and managing exposures.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Document and review financial risk management policies and practices.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and resource learning, development and support needs to assist staff to effectively manage risk.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish and maintain a taxation strategy

  1. Determine exposure to applicable state or territory and federal taxes and develop a strategy to increase taxation awareness within the organisation.
  2. Seek, provide and use strategic taxation advice in the development of the strategy.
  3. Establish and maintain a cost-effective strategy to capture, quantify, minimise and pay taxation liabilities in accordance with law.
Determine exposure to applicable state or territory and federal taxes and develop a strategy to increase taxation awareness within the organisation.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Seek, provide and use strategic taxation advice in the development of the strategy.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish and maintain a cost-effective strategy to capture, quantify, minimise and pay taxation liabilities in accordance with law.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish resource requirements in financial terms

  1. Determine physical asset and human resource requirements in accordance with program requirements.
  2. Use financial analysis techniques to evaluate and approve alternative and new resource allocation proposals.
  3. Establish processes to allocate resources efficiently, effectively and economically in accordance with prioritised strategic and operational plans.
  4. Establish service delivery requirements.
  5. Develop and maintain a strategic asset plan and submit it for approval.
Determine physical asset and human resource requirements in accordance with program requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Use financial analysis techniques to evaluate and approve alternative and new resource allocation proposals.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish processes to allocate resources efficiently, effectively and economically in accordance with prioritised strategic and operational plans.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish service delivery requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop and maintain a strategic asset plan and submit it for approval.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop financial bids and estimates

  1. Cost organisational initiatives and prepare bids and/or estimates in accordance with budgetary processes and requirements.
  2. Link bids and/or estimates to organisational priorities, based on substantiated information and logical assumptions, taking account of resource constraints and organisational needs.
  3. Develop bids and/or estimates to reflect outstanding liabilities and receipt collections and prepare to meet critical submission dates.
  4. Prepare supporting documentation to justify bids and/or estimates.
Cost organisational initiatives and prepare bids and/or estimates in accordance with budgetary processes and requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Link bids and/or estimates to organisational priorities, based on substantiated information and logical assumptions, taking account of resource constraints and organisational needs.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop bids and/or estimates to reflect outstanding liabilities and receipt collections and prepare to meet critical submission dates.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare supporting documentation to justify bids and/or estimates.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop linkages between strategic planning outcomes and financial management processes

  1. Provide financial management authority and autonomy within organisational and program structures to enable outcomes to be achieved.
  2. Structure financial processes to ensure manageable linkages to program outputs while retaining internal controls.
  3. Organise activities to be funded or managed into programs and subprograms to reflect logical groupings of organisational objectives that address current government policy and strategy.
  4. Develop linkages to outputs and outcomes in accordance with the organisation’s business and longer term plans.
Provide financial management authority and autonomy within organisational and program structures to enable outcomes to be achieved.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Structure financial processes to ensure manageable linkages to program outputs while retaining internal controls.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Organise activities to be funded or managed into programs and subprograms to reflect logical groupings of organisational objectives that address current government policy and strategy.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop linkages to outputs and outcomes in accordance with the organisation’s business and longer term plans.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish and maintain a financial risk management strategy

  1. Identify and measure current and potential risk exposures, including alternative profiles.
  2. Implement and monitor cost effective policies and procedures for minimising and managing exposures.
  3. Document and review financial risk management policies and practices.
  4. Identify and resource learning, development and support needs to assist staff to effectively manage risk.
Identify and measure current and potential risk exposures, including alternative profiles.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement and monitor cost effective policies and procedures for minimising and managing exposures.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Document and review financial risk management policies and practices.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and resource learning, development and support needs to assist staff to effectively manage risk.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish and maintain a taxation strategy

  1. Determine exposure to applicable state or territory and federal taxes and develop a strategy to increase taxation awareness within the organisation.
  2. Seek, provide and use strategic taxation advice in the development of the strategy.
  3. Establish and maintain a cost-effective strategy to capture, quantify, minimise and pay taxation liabilities in accordance with law.
Determine exposure to applicable state or territory and federal taxes and develop a strategy to increase taxation awareness within the organisation.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Seek, provide and use strategic taxation advice in the development of the strategy.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish and maintain a cost-effective strategy to capture, quantify, minimise and pay taxation liabilities in accordance with law.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish resource requirements in financial terms

  1. Determine physical asset and human resource requirements in accordance with program requirements.
  2. Use financial analysis techniques to evaluate and approve alternative and new resource allocation proposals.
  3. Establish processes to allocate resources efficiently, effectively and economically in accordance with prioritised strategic and operational plans.
  4. Establish service delivery requirements.
  5. Develop and maintain a strategic asset plan and submit it for approval.
Determine physical asset and human resource requirements in accordance with program requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Use financial analysis techniques to evaluate and approve alternative and new resource allocation proposals.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish processes to allocate resources efficiently, effectively and economically in accordance with prioritised strategic and operational plans.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish service delivery requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop and maintain a strategic asset plan and submit it for approval.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop financial bids and estimates

  1. Cost organisational initiatives and prepare bids and/or estimates in accordance with budgetary processes and requirements.
  2. Link bids and/or estimates to organisational priorities, based on substantiated information and logical assumptions, taking account of resource constraints and organisational needs.
  3. Develop bids and/or estimates to reflect outstanding liabilities and receipt collections and prepare to meet critical submission dates.
  4. Prepare supporting documentation to justify bids and/or estimates.
Cost organisational initiatives and prepare bids and/or estimates in accordance with budgetary processes and requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Link bids and/or estimates to organisational priorities, based on substantiated information and logical assumptions, taking account of resource constraints and organisational needs.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop bids and/or estimates to reflect outstanding liabilities and receipt collections and prepare to meet critical submission dates.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare supporting documentation to justify bids and/or estimates.

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. Develop linkages between strategic planning outcomes and financial management processes

1.1 Provide financial management authority and autonomy within organisational and program structures to enable outcomes to be achieved.

1.2 Structure financial processes to ensure manageable linkages to program outputs while retaining internal controls.

1.3 Organise activities to be funded or managed into programs and subprograms to reflect logical groupings of organisational objectives that address current government policy and strategy.

1.4 Develop linkages to outputs and outcomes in accordance with the organisation’s business and longer term plans.

2. Establish and maintain a financial risk management strategy

2.1 Identify and measure current and potential risk exposures, including alternative profiles.

2.2 Implement and monitor cost effective policies and procedures for minimising and managing exposures.

2.3 Document and review financial risk management policies and practices.

2.4 Identify and resource learning, development and support needs to assist staff to effectively manage risk.

3. Establish and maintain a taxation strategy

3.1 Determine exposure to applicable state or territory and federal taxes and develop a strategy to increase taxation awareness within the organisation.

3.2 Seek, provide and use strategic taxation advice in the development of the strategy.

3.3 Establish and maintain a cost-effective strategy to capture, quantify, minimise and pay taxation liabilities in accordance with law.

4. Establish resource requirements in financial terms

4.1 Determine physical asset and human resource requirements in accordance with program requirements.

4.2 Use financial analysis techniques to evaluate and approve alternative and new resource allocation proposals.

4.3 Establish processes to allocate resources efficiently, effectively and economically in accordance with prioritised strategic and operational plans.

4.4 Establish service delivery requirements.

4.5 Develop and maintain a strategic asset plan and submit it for approval.

5. Develop financial bids and estimates

5.1 Cost organisational initiatives and prepare bids and/or estimates in accordance with budgetary processes and requirements.

5.2 Link bids and/or estimates to organisational priorities, based on substantiated information and logical assumptions, taking account of resource constraints and organisational needs.

5.3 Develop bids and/or estimates to reflect outstanding liabilities and receipt collections and prepare to meet critical submission dates.

5.4 Prepare supporting documentation to justify bids and/or estimates.

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. Develop linkages between strategic planning outcomes and financial management processes

1.1 Provide financial management authority and autonomy within organisational and program structures to enable outcomes to be achieved.

1.2 Structure financial processes to ensure manageable linkages to program outputs while retaining internal controls.

1.3 Organise activities to be funded or managed into programs and subprograms to reflect logical groupings of organisational objectives that address current government policy and strategy.

1.4 Develop linkages to outputs and outcomes in accordance with the organisation’s business and longer term plans.

2. Establish and maintain a financial risk management strategy

2.1 Identify and measure current and potential risk exposures, including alternative profiles.

2.2 Implement and monitor cost effective policies and procedures for minimising and managing exposures.

2.3 Document and review financial risk management policies and practices.

2.4 Identify and resource learning, development and support needs to assist staff to effectively manage risk.

3. Establish and maintain a taxation strategy

3.1 Determine exposure to applicable state or territory and federal taxes and develop a strategy to increase taxation awareness within the organisation.

3.2 Seek, provide and use strategic taxation advice in the development of the strategy.

3.3 Establish and maintain a cost-effective strategy to capture, quantify, minimise and pay taxation liabilities in accordance with law.

4. Establish resource requirements in financial terms

4.1 Determine physical asset and human resource requirements in accordance with program requirements.

4.2 Use financial analysis techniques to evaluate and approve alternative and new resource allocation proposals.

4.3 Establish processes to allocate resources efficiently, effectively and economically in accordance with prioritised strategic and operational plans.

4.4 Establish service delivery requirements.

4.5 Develop and maintain a strategic asset plan and submit it for approval.

5. Develop financial bids and estimates

5.1 Cost organisational initiatives and prepare bids and/or estimates in accordance with budgetary processes and requirements.

5.2 Link bids and/or estimates to organisational priorities, based on substantiated information and logical assumptions, taking account of resource constraints and organisational needs.

5.3 Develop bids and/or estimates to reflect outstanding liabilities and receipt collections and prepare to meet critical submission dates.

5.4 Prepare supporting documentation to justify bids and/or estimates.

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 organisational information in financial terms

adjusting communication to suit different audiences

preparing strategies and reports requiring precision of expression

undertaking financial analysis

costing and preparing bids and estimates

accessing information and legislation 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

ethics/codes of conduct

operational planning processes

financial risk management

applicable state/territory and Commonwealth taxes

government budget cycle including budget and additional estimates, budget processes and guidelines

Senate committee hearings

appropriation structure/funding mechanisms (including those including Commonwealth/state/territory relationships)

costing policies and procedures

principles of accrual accounting