Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
CHCFIN503A Mapping and Delivery Guide
Develop and use financial counselling tools and techniques
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | CHCFIN503A - Develop and use financial counselling tools and techniques |
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Description | This unit describes the knowledge and skills required for a financial counsellor to take a structured approach to providing clients with a resource in a pre-determined format to empower them to make informed decisions about present and future financial issues | ||
Employability Skills | This unit contains Employability Skills | ||
Learning Outcomes and Application | This unit is to be applied in the context of providing clients with a resource to assist them to make informed decisions about financial issuesIn order to qualify for the ASIC exemption from the delivery of financial service contained in the Financial Services Reform Amendment Act (2003) a financial counsellor must be eligible for membership of the financial counselling association recognised in their State or TerritoryFinancial counselling operates from a strengths-based and client-focused model | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
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Prerequisites/co-requisites | Not Applicable | ||
Competency Field |
Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Clarify client's financial position |
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Element: Develop and use advocacy and negotiation tools |
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Element: Collect and develop resources to assist and inform clients |
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Element: Provide client with relevant resources |
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Element: Produce quality written materials to assist client outcomes |
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