Develop and manage financial systems

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 FNSICORG609B, 'Develop and manage financial systems'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Reference books for 'Develop and manage financial systems' 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


Establish financial system requirements


Requirements for efficient financial administration are determined from consultation with relevant stakeholders and an analysis of existing financial plans


Reporting and procedural requirements impacting on the organisation are identified and recorded for future reference


Internal financial audit controls included in the system specification provide a satisfactory security mechanism


Risks to financial viability are identified and contingency strategies to manage risk identified and costed


Design financial management systems


Sources of competent assistance and advice are accessed and used to secure financial records and assets


Financial management system design ensures accurate and timely provision of information about the organisation's transactions, working capital and cash flow


Equipment and software needed for the operation of the system are identified, acquired and installed to support the organisation's transactions


Financial reporting requirements are known and used by relevant personnel


Established financial reports ensure accurate and timely provision of data required for financial decision making


Agreed schedules of account recording and reconciliation systems are produced at regular intervals and support the organisation's service provision and business decisions


Mechanisms for the review of terms of trade and fee structures are suited to the organisation's needs and meet industry standards


Financial reports are prepared at regular intervals in the required format meet external audit requirements


Prepare and review financial plans


Financial plans are linked to reviews of the organisation's strategic business plan to enable timely financial adjustments to be made


Planning and implementation of financial management activities enable probity to be maintained


Financial plans provide a reasonable basis for budgeting and ongoing financial management of the organisation


Monitor and review financial reporting systems


Financial reporting systems evaluated through an assessment of organisation performance against agreed performance indicators enable timely adjustments to be made to business investments


Financial reports and systems are able to be used by authorised staff to manage the organisation's finances

Qualifications and Skillsets

FNSICORG609B appears in the following qualifications:

  • CUS60309 - Advanced Diploma of Music Business