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?
Prepare budget information.
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Determine and confirm scope and nature of required budgets. Completed |
Evidence:
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Identify, access and interpret data and data sources required for budget preparation. Completed |
Evidence:
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Analyse internal and external factors for potential impact on budget. Completed |
Evidence:
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Provide opportunities for colleagues to contribute to budget planning process. Completed |
Evidence:
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Prepare budget.
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Draft budget based on analysis of all available information. Completed |
Evidence:
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Estimate income and expenditure and support with valid, reliable and relevant information. Completed |
Evidence:
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Reflect organisational objectives within draft budget. Completed |
Evidence:
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Assess and present options and recommendations in a clear format. Completed |
Evidence:
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Circulate draft budget to colleagues and managers for input. Completed |
Evidence:
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Finalise budget.
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Negotiate budget according to organisational policy and procedures. Completed |
Evidence:
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Agree on and incorporate modifications. Completed |
Evidence:
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Complete final budget in a clear format within designated timelines. Completed |
Evidence:
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Inform colleagues of final budget decisions and application within relevant work area, including reporting and financial management responsibilities. Completed |
Evidence:
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Monitor and review budget.
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Regularly review budget to assess actual performance against estimated performance and prepare accurate financial reports. Completed |
Evidence:
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Incorporate all financial commitments into budget and budget reports. Completed |
Evidence:
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Investigate and take appropriate action on significant deviations. Completed |
Evidence:
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Analyse changes in internal and external environment and make necessary adjustments. Completed |
Evidence:
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Collect and record relevant information to assist in future budget preparation. Completed |
Evidence:
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