Assessor Resource

FNSACC607
Evaluate business performance

Assessment tool

Version 1.0
Issue Date: May 2024


This unit describes the skills and knowledge required to analyse trends in an organisation’s business operations, develop performance indicators and identify options for improvement.

It applies to experienced individuals who use specialised knowledge and skills to evaluate complex information and make recommendations relevant to strategic organisational activity.

Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.

You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)


Evidence Required

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. Analyse trends in performance

1.1 Gather and analyse data relating to program and organisational performance using standard accounting techniques to identify past, current and future performance

1.2 Research variations from targets and divergences from trends, and evaluate to determine margins of error and any repeating patterns

1.3 Assess trends in performance in terms of organisational short-term and long-term objectives

2. Develop performance indicators

2.1 Develop performance indicators that link organisational processes, resource use and organisational objectives to environmental factors

2.2 Develop performance indicators using processes that are planned, inclusive and realistic within available timeframes and resources

2.3 Regularly review components of performance indicators for relevance against performance trends and organisational capacities

3. Identify options for improvement

3.1 Identify, minimise or eliminate factors inhibiting performance and review organisational programs to include factors that promote performance in line with available resources

3.2 Ensure value is added through use of standard financial management techniques such as capital budgeting

3.3 Develop and implement communication strategies to facilitate extension of improvement options in line with operational goals and needs

Evidence of the ability to:

analyse trends in business performance using standard accounting techniques

develop performance indicators and identify options for improvement

monitor performance indicators and document options for improvement

establish organisational objectives, policy and procedures.

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:

discuss ethical considerations relating to conflict of interest, confidentiality and disclosure requirements

identify the key principles and methods of:

valuation

capital budgeting analysis and investment analysis

cost –benefit analysis and use of performance ratios or comparison techniques.

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:

common office equipment, technology, software and consumables

corporate governance documentation

organisational operational policy and procedures information.

Assessors must satisfy NVR/AQTF assessor requirements.

Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assingnment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)

Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Analyse trends in performance

1.1 Gather and analyse data relating to program and organisational performance using standard accounting techniques to identify past, current and future performance

1.2 Research variations from targets and divergences from trends, and evaluate to determine margins of error and any repeating patterns

1.3 Assess trends in performance in terms of organisational short-term and long-term objectives

2. Develop performance indicators

2.1 Develop performance indicators that link organisational processes, resource use and organisational objectives to environmental factors

2.2 Develop performance indicators using processes that are planned, inclusive and realistic within available timeframes and resources

2.3 Regularly review components of performance indicators for relevance against performance trends and organisational capacities

3. Identify options for improvement

3.1 Identify, minimise or eliminate factors inhibiting performance and review organisational programs to include factors that promote performance in line with available resources

3.2 Ensure value is added through use of standard financial management techniques such as capital budgeting

3.3 Develop and implement communication strategies to facilitate extension of improvement options in line with operational goals and needs

Evidence of the ability to:

analyse trends in business performance using standard accounting techniques

develop performance indicators and identify options for improvement

monitor performance indicators and document options for improvement

establish organisational objectives, policy and procedures.

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:

discuss ethical considerations relating to conflict of interest, confidentiality and disclosure requirements

identify the key principles and methods of:

valuation

capital budgeting analysis and investment analysis

cost –benefit analysis and use of performance ratios or comparison techniques.

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:

common office equipment, technology, software and consumables

corporate governance documentation

organisational operational policy and procedures information.

Assessors must satisfy NVR/AQTF assessor requirements.
Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
Gather and analyse data relating to program and organisational performance using standard accounting techniques to identify past, current and future performance 
Research variations from targets and divergences from trends, and evaluate to determine margins of error and any repeating patterns 
Assess trends in performance in terms of organisational short-term and long-term objectives 
Develop performance indicators that link organisational processes, resource use and organisational objectives to environmental factors 
Develop performance indicators using processes that are planned, inclusive and realistic within available timeframes and resources 
Regularly review components of performance indicators for relevance against performance trends and organisational capacities 
Identify, minimise or eliminate factors inhibiting performance and review organisational programs to include factors that promote performance in line with available resources 
Ensure value is added through use of standard financial management techniques such as capital budgeting 
Develop and implement communication strategies to facilitate extension of improvement options in line with operational goals and needs 

Forms

Assessment Cover Sheet

FNSACC607 - Evaluate business performance
Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

Signature:

Date:

Assessment Record Sheet

FNSACC607 - Evaluate business performance

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: