Evaluate financial risk

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 FNSACCT609B, 'Evaluate financial risk'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Reference books for 'Evaluate financial risk' 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


Performance Criteria


Assess financial risk exposure


Magnitude and volatility of risks are measured to determine the extent of risk exposure and the implications for financial strategies


Key factors supporting or driving risk exposure are identified and timeframes established to monitor and improve performance


Short and long term financial outcomes and projections are compared with actual cash flows using standard financial analysis techniques to determine effects on liquidity and budget adjustments


Develop risk management processes


Risk management options include assessments of alternatives, criteria for success, and estimates of long and short term effects


Strategies are developed using standard financial analysis techniques to identify financial flows, trends in returns and adjustments in asset values


Financial recording systems are established to monitor and evaluate changes in market conditions and business needs using a range of data sources


Risk management strategy optimises the mix of asset structures and liabilities in operations and ensures flexibility to meet changing environments


Analyse financial histories


Financial performance is evaluated using trends and patterns that identify the magnitude and volatility of financial exposures


Long and short term financial outcomes are compared with forecasted outcomes to assess variances and parameters in performance and the reliability of financial advice


Incidents and factors increasing or diminishing financial performance are identified and analysed using standard financial analysis techniques


Establish processes to minimise risks


Recording systems to monitor financial outcomes are developed and reviewed to guide and document decision making


Inventories are maintained and established to ensure up-to-date records on the value of assets and liabilities


The contribution of organisational attitudes to risk taking is assessed and incorporated in risk analysis process


Parameters for variances in financial outcomes are developed, reviewed and communicated to support financial decision making

Qualifications and Skillsets

FNSACCT609B appears in the following qualifications:

  • PSP60304 - Advanced Diploma of Government (Financial Management)