Develop and maintain knowledge of financial markets products

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 FNSFMK402A, 'Develop and maintain knowledge of financial markets products'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Develop and maintain knowledge of financial markets products' 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

ELEMENT

PERFORMANCE CRITERIA

1. Identify the products an organisation provides or uses

1.1. Organisation products used by an organisation are identified and the purpose of each determined

1.2. The characteristics of the products and services and their use are identified

1.3. Processes for operational transactions involving organisation products are applied effectively

2. Identify compliance implications of the product

2.1. Compliance implications of transactions for organisational products are known and applied

2.2. All necessary documentation is produced consistent with organisational compliance requirements

3. Determine user expectations for financial markets products

3.1. The function of each product and the customer needs it satisfies are identified as the basis for providing operational services

3.2. User expectations of the products and the level of operational service provided in operational transactions are determined and applied

4. Maintain financial markets product knowledge

4.1. Organisational financial markets products are reviewed regularly and any changes to terms and conditions identified and applied

4.2. Systems for keeping up with changes and maintaining up-to-date knowledge about financial markets products are put in place

4.3. Emerging trends affecting the financial industry are continuously reviewed and applied to product knowledge and operational practices


Qualifications and Skillsets

FNSFMK402A appears in the following qualifications:

  • FNS41110 - Certificate IV in Financial Markets Operations
  • FNS41811 - Certificate IV in Financial Services