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 FNSFPL402A, '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 |
1. Confirm plan objectives and scope | 1.1. Plan strategy and key parameters are checked with a qualified financial planner and the client 1.2. Research topics are established and research results reviewed and compared to client requirements and expectations as set out in strategy and key parameters 1.3. Current client situation is analysed to determine opportunities and constraints within strategy boundaries 1.4. Plan objectives are developed for asset growth, income, risk, taxation and any other objectives set out in plan strategy |
2. Test strategic assumptions | 2.1. Client related key assumptions are tested against the draft strategy 2.2. Economic key assumptions in the strategy are tested and reviewed as required 2.3. Legislative and regulatory assumptions, including taxation assumptions are tested against the strategy 2.4. Clarifications are sought from the strategy author on any identified discrepancies |
3. Develop financial plan to set strategy | 3.1. Strategic options set by financial planner are analysed or modelled 3.2. Inconsistencies in strategic options are identified and discussed with the strategy author 3.3. Financial plan is developed according to established organisational guidelines |
4. Review and settle draft strategy and options | 4.1. Strategic options for review and a mode of presentation are selected according to organisational guidelines 4.2. Each strategic option is reviewed with the strategy author including positives, negatives and risks for each option 4.3. Broad agreement on strategies is established with the strategy author |
5. Develop preliminary financial plan | 5.1. Specific products and options are selected that meet given strategy and key parameters 5.2. Cash flow/liquidity, set capital preservation and/or estate planning requirements are incorporated consistent with given strategy and key parameters 5.3. Recommendations for financial asset allocation structure are developed according to organisational guidelines 5.4. Recommendations for changes to income and taxation arrangements are developed including referral advice to accountants/lawyers as appropriate 5.5. Recommendations on risk management strategies and products are developed and incorporated according to organisational guidelines 5.6. All recommendations are checked to ensure consistency with given strategy and key parameters, and meet specific objectives with a high dependability of outcome 5.7. Description of anticipated fees and charges and information on internal and external complaints resolution procedures is incorporated into the plan where appropriate 5.8. Preliminary financial plan is documented according to organisational guidelines and procedures |