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?
Evaluate and plan retail financials.
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Access and accurately interpret budgetary and financial plans of the business. Completed |
Evidence:
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Measure financial results, identifying patterns and trends, including variances from budget and financial plans. Completed |
Evidence:
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Identify factors that could improve financial performance and limit variances from budget and financial plan. Completed |
Evidence:
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Identify contingency actions to be adopted if financial circumstances change. Completed |
Evidence:
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Clarify and negotiate, with relevant personnel, changes required to the budget and financial plans. Completed |
Evidence:
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Monitor and control financials.
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Monitor financials regularly to accurately identify actual results against budget and financial plans. Completed |
Evidence:
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Identify trends and patterns including variances from budget and financial plans, and take prompt corrective action within work role where significant deviations occur. Completed |
Evidence:
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Review variable and semi-variable costs to highlight opportunities. Completed |
Evidence:
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Complete workplace documentation and other records of budget performance and expenditure, and report to relevant personnel. Completed |
Evidence:
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Recommend, and implement within work role, activities that improve business financial performance and limit variances from budget and financial plan. Completed |
Evidence:
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Positively impact the financials.
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Consult relevant internal personnel, including work team, on ways to increase productivity and reduce labour spend. Completed |
Evidence:
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Identify and document strategies to increase productivity and reduce labour spend. Completed |
Evidence:
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Promote the strategies adopted to improve productivity and financial profitability, including advising the work team on their roles in improving business financials. Completed |
Evidence:
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Monitor implementation of strategies, and support team to improve sales results. Completed |
Evidence:
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Identify changes to strategies to improve uptake and outcomes. Completed |
Evidence:
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Delegate responsibilities and accountabilities relevant to budget and financial achievement in accordance with organisational policies. Completed |
Evidence:
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