Provide financial and business performance information

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver FNSACCT501B, 'Provide financial and business performance information'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Provide financial and business performance information' on fishpond.com.au. This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to ntisthis.com for every purchase, so go nuts :)


Elements and Performance Criteria

Elements and Performance Criteria

Element

Performance Criteria

1

Assess client needs

1.1

Expectations and objectives of client are clarified and confirmed to ensure mutual understanding of client goals

1.2

The client's specific legal and financial requirements are identified when establishing, structuring and financing a business

1.3

Financial options and processes are discussed with client to develop suitable plans for the provision of information for the achievement of client goals

1.4

Progress of plans is reviewed regularly against agreed criteria and results communicated to client

1.5

Client objectives are monitored to identify changes in client needs

1.6

Feedback on service is regularly obtained, analysed and incorporated into services to client

1.7

Shortfalls in customer service are investigated and proposals for overcoming them are formulated and implemented

2

Analyse data

2.1

Advice on reliability and accuracy of data is sought from appropriate authorities and sources in accordance with organisational procedures

2.2

Data is compiled in accordance with standard financial reporting requirements

2.3

Revenues and costs are analysed in accordance to standard accounting techniques and consistent with the organisation's objectives

2.4

All data and reports are analysed in accordance with standard financial analysis techniques

2.5

Data is reconciled to ensure statements are accurate and comply with organisational procedures and statutory requirements

2.6

Information is evaluated in relation to the financial performance of a business, specifically profitability, efficiency and financial stability

2.7

Further analysis is undertaken to ensure consistency of analysis with client's business and personal objectives

2.8

Further evaluation is undertaken to assess the financial potential of the business, its future funding requirements and its statutory obligations

3

Prepare advice

3.1

Advice provides client with a realistic view of financial performance and compliance, including significant taxation issues and comparisons of alternative options

3.2

Suitable methods of presentation, language and forms of documentation are used to convey information to client

3.3

Advice identifies how risks, contingencies and future cash flows may be identified and quantified

3.4

Client is advised of risk management options

3.5

Client is advised of rights and obligations

3.6

Client is advised on alternative sources and features of short and long term finance


Qualifications and Skillsets

FNSACCT501B appears in the following qualifications:

  • CPP50409 - Diploma of Property Services (Business Broking)
  • PSP50504 - Diploma of Government (Financial Services)