Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners

FNSACC407 Mapping and Delivery Guide
Produce job costing information

Version 1.0
Issue Date: May 2024


Qualification -
Unit of Competency FNSACC407 - Produce job costing information
Description
Employability Skills
Learning Outcomes and Application This unit covers the skills and knowledge required to calculate and record the job costs of products and services. It applies to individuals who, within their area of responsibility, use specialised knowledge and analytical skills to prepare organisational information relating to financial data.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Duration and Setting X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting.

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.
Prerequisites/co-requisites
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
Elements of Competency Performance Criteria              
Element: Gather and record operating and cost data
  • Extract data from established systems
  • Systematically code, classify and check data for accuracy and reliability in accordance with organisational policy and procedures
       
Element: Produce cost reports
  • Assign costs to specified products and services
  • Reconcile data to ensure calculations are accurate and comply with organisational procedures
  • Obtain cost information advice from all sections of organisation when formulating budgets
  • Ensure structure and format of budgets and reports are clear and conform to management information and relevant legislative requirements
  • Identify variances against budget
  • Ensure reports are error free, comprehensive, and comply with management requirements and organisational practices
       


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. 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.

Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assignment, 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. 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

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
Extract data from established systems 
Systematically code, classify and check data for accuracy and reliability in accordance with organisational policy and procedures 
Assign costs to specified products and services 
Reconcile data to ensure calculations are accurate and comply with organisational procedures 
Obtain cost information advice from all sections of organisation when formulating budgets 
Ensure structure and format of budgets and reports are clear and conform to management information and relevant legislative requirements 
Identify variances against budget 
Ensure reports are error free, comprehensive, and comply with management requirements and organisational practices 

Forms

Assessment Cover Sheet

FNSACC407 - Produce job costing information
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

FNSACC407 - Produce job costing information

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: