Develop and maintain in-depth knowledge of products and services used by an organisation or sector

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 FNSINC402, 'Develop and maintain in-depth knowledge of products and services used by an organisation or sector'.
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 in-depth knowledge of products and services used by an organisation or sector' 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. Identify products and services organisation uses

1.1 Identify products and services used by organisation or sector and determine their purpose

1.2 Identify characteristics of products and services and their strengths, weaknesses, terms and conditions

1.3 Communicate clearly to clients the characteristics of products and services

1.4 Access and apply organisation’s promotional strategy for products and services in business activities

2. Identify compliance implications of product

2.1 Establish and document compliance implications

2.2 Provide client with all necessary information and documentation as per compliance requirements

3. Determine appropriate users for products and services

3.1 Identify and document function of each product and service, and client needs it satisfies

3.2 Determine client characteristics that best suit each product

3.3 Compare products and services used by organisation or sector with products of competitors

3.4 Determine most effective approach to matching products to client needs

3.5 Evaluate approaches to selling products and services in competitive marketplace

3.6 Determine effective approaches to meeting client needs

4. Maintain product knowledge

4.1 Review relevant products and services regularly and apply any changes to terms and conditions in daily work

4.2 Establish and use systems for keeping up with changes and maintaining up-to-date knowledge about relevant products and services

4.3 Review emerging trends affecting the financial services industry and apply to product and service knowledge


Qualifications and Skillsets

FNSINC402 appears in the following qualifications:

  • FNS40910 - Certificate IV in Superannuation
  • FNS51710 - Diploma of Applied Anti-Money Laundering and Counter Terrorism Financing Management
  • FNS41410 - Certificate IV in General Insurance
  • FNS30510 - Certificate III in General Insurance
  • FNS41210 - Certificate IV in Mobile Banking
  • FNS41010 - Certificate IV in Banking Services
  • FNS51310 - Diploma of Life Insurance
  • FNS40810 - Certificate IV in Finance and Mortgage Broking
  • FNS51610 - Diploma of Securitisation
  • FNS50710 - Diploma of Superannuation
  • FNS41710 - Certificate IV in Insurance Broking
  • FNS51110 - Diploma of General Insurance
  • FNS41310 - Certificate IV in Personal Trust Administration
  • FNS30610 - Certificate III in Insurance Broking
  • FNS30710 - Certificate III in Life insurance
  • FNS41510 - Certificate IV in Life Insurance
  • FNS41411 - Certificate IV in General Insurance
  • FNS40811 - Certificate IV in Finance and Mortgage Broking
  • FNS40911 - Certificate IV in Superannuation
  • FNS41011 - Certificate IV in Banking Services
  • FNS30511 - Certificate III in General Insurance
  • FNS41211 - Certificate IV in Mobile Banking
  • FNS50711 - Diploma of Superannuation
  • FNS41811 - Certificate IV in Financial Services
  • FNS51611 - Diploma of Securitisation
  • FNS51811 - Diploma of Financial Services
  • FNS42015 - Certificate IV in Banking Services
  • FNS51115 - Diploma of General Insurance
  • FNS40815 - Certificate IV in Finance and Mortgage Broking
  • FNS40915 - Certificate IV in Superannuation
  • FNS51815 - Diploma of Financial Services
  • FNS41415 - Certificate IV in General Insurance
  • FNS51615 - Diploma of Securitisation
  • FNS51215 - Diploma of Insurance Broking
  • FNS30515 - Certificate III in General Insurance
  • FNS50715 - Diploma of Superannuation
  • FNS41815 - Certificate IV in Financial Services