List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.
ELEMENT | PERFORMANCE CRITERIA |
Elements describe the essential outcomes. | Performance criteria describe the performance needed to demonstrate achievement of the element. |
1. Gather and record operating and cost data | 1.1 Extract data from established systems 1.2 Systematically code, classify and check data for accuracy and reliability in accordance with organisational policy and procedures |
2. Produce cost reports | 2.1 Assign costs to specified products and services 2.2 Reconcile data to ensure calculations are accurate and comply with organisational procedures 2.3 Obtain cost information advice from all sections of organisation when formulating budgets 2.4 Ensure structure and format of budgets and reports are clear and conform to management information and relevant legislative requirements 2.5 Identify variances against budget 2.6 Ensure reports are error free, comprehensive, and comply with management requirements and organisational practices |
Evidence of the ability to:
gather and record operating and costs data
generate and prepare a range of reports relating to job costs.
Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.
To complete the unit requirements safely and effectively, the individual must:
describe the key features of organisational operating procedures relevant to job costing
explain common routines for recording and storing data
identify and describe the key generally agreed accounting principles relevant to:
costing
internal control (including statutory reporting)
budgetary control (double-entry bookkeeping and accrual accounting)
identify and analyse methods of data protection, including back-ups and security
identify and describe the key financial legislation relating to taxable transactions and reporting requirements.
Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the accounting field of work and include access to:
a range of common office equipment, technology, software and consumables
financial services product information
information about workplace policy and procedures.
Assessors must satisfy NVR/AQTF assessor requirements.