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?
Communicate budget and financial plans
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Budget/financial plan communication package is reviewed by finance specialists Completed |
Evidence:
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Package is amended/revised where appropriate Completed |
Evidence:
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Training activities are undertaken with users of the budget and plans across the organisation Completed |
Evidence:
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All data and terms are defined and understood by the users of the plans Completed |
Evidence:
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Communication outcomes are tested to ensure clear understanding of objectives, processes and accountabilities Completed |
Evidence:
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Monitor and control activities against plans
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Delegations and budget accountabilities are confirmed in writing prior to budget period Completed |
Evidence:
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Funds are allocated in accordance with budget objectives and parameters Completed |
Evidence:
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Recording systems and documentation meet all audit requirements and legal obligations Completed |
Evidence:
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Risk management plans are implemented and contingency plans are in place for all financial plans Completed |
Evidence:
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Performance is monitored and variances identified on a real time basis Completed |
Evidence:
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Variances are analysed in conjunction with relevant experts to determine cause and effect Completed |
Evidence:
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Report outcomes of financial plans
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Records of financial performance are properly maintained within organisational systems Completed |
Evidence:
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Financial performance is analysed and reported in a form and language appropriate to the audience Completed |
Evidence:
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Non financial objectives are reported in the context of overall organisational performance Completed |
Evidence:
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Strategies and plans are reviewed and updated to optimise organisational performance Completed |
Evidence:
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