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 FNSFPL402, 'Prepare financial plans to set strategies and guidelines'.
- Google Links
- links to google searches, with filtering in place to maximise the usefulness of the returned results
- Books
- Reference books for 'Prepare financial plans to set strategies and guidelines' 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 |
Elements describe the essential outcomes. | Performance criteria describe the performance needed to demonstrate achievement of the element. |
1. Confirm plan objectives and scope | 1.1 Check plan strategy and key parameters with qualified financial planner and client 1.2 Establish research topics and review and compare research results to client requirements and expectations, as set out in strategy and key parameters 1.3 Analyse current client situation to determine opportunities and constraints within strategy boundaries 1.4 Develop plan objectives for asset growth, income, risk, taxation and any other objectives set out in plan strategy |
2. Test strategic assumptions | 2.1 Test client related key assumptions against draft strategy 2.2 Test and review economic key assumptions in strategy as required 2.3 Test legislative and regulatory assumptions, including taxation assumptions, against strategy 2.4 Obtain clarification from strategy author on any identified discrepancies |
3. Develop financial plan to set strategy | 3.1 Analyse and model strategic options set by financial planner 3.2 Identify and discuss inconsistencies in strategic options with strategy author 3.3 Develop financial plan according to established organisational guidelines |
4. Review and settle draft strategy and options | 4.1 Select strategic options for review and mode of presentation according to organisational guidelines 4.2 Review each strategic option with strategy author, including positives, negatives and risks for each option 4.3 Establish broad agreement on strategies with strategy author |
5. Develop preliminary financial plan | 5.1 Select specific products and options that meet given strategy and key parameters 5.2 Incorporate cash flow and liquidity, and set capital preservation and/or estate planning requirements consistent with given strategy and key parameters 5.3 Develop recommendations for financial asset allocation structure according to organisational guidelines 5.4 Develop recommendations for changes to income and taxation arrangements, including referral advice to accountants and/or lawyers as appropriate 5.5 Develop recommendations on risk management strategies and products, and incorporate according to organisational guidelines 5.6 Check all recommendations to ensure consistency with given strategy and key parameters, and that they meet specific objectives with high dependability of outcome 5.7 Incorporate description of anticipated fees and charges, and information on internal and external complaints resolution procedures into the plan, where appropriate 5.8 Document preliminary financial plan according to organisational guidelines and procedures |