Develop and implement financial strategies

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 FNSACCT610B, 'Develop and implement financial strategies'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Reference books for 'Develop and implement financial strategies' on This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to for every purchase, so go nuts :)

Elements and Performance Criteria

Elements and Performance Criteria


Performance Criteria


Review data


Costs of, and returns from, assets and liabilities are analysed using standard accounting techniques to identify extent of debt and equity financing


Data identifies costs of different forms of capital to the organisation


Asset and liability estimates and valuation criteria are standardised and regularly adjusted in line with changes to environmental factors


Determine options


Long and short term periods are established for the organisation by reference to strategic goals, cash flow requirements and operational objectives


Long term financing requirements are identified and costed in line with the organisation's expected revenue returns, cash flows and asset base


Sources of financing are researched and evaluated to determine compatibility with the organisation's finance strategy


Investment analysis and financial planning requirements are identified and analysed


Implement strategies


Financial plans are structured to meet strategic goals and provide returns within long and short term operational objectives


Short and long term objectives for organisation's capital structure are developed in line with operational and strategic plans


Internal control procedures are established in consultation with stakeholders to support implementation and to meet possible emergencies


Portfolio management techniques are applied


Evaluate outcomes


Interrelationships between long and short term objectives are monitored to ensure consistency of returns between operational and investment plans


Costs and returns are assessed to determine ongoing viability of strategy


Tax efficiency of financial strategy is regularly reviewed to maintain optimal returns from assets

Qualifications and Skillsets

FNSACCT610B appears in the following qualifications:

  • PSP60304 - Advanced Diploma of Government (Financial Management)