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

FNSINC501 Mapping and Delivery Guide
Conduct product research to support recommendations

Version 1.0
Issue Date: May 2024


Qualification -
Unit of Competency FNSINC501 - Conduct product research to support recommendations
Description
Employability Skills
Learning Outcomes and Application This unit describes the skills and knowledge required to carry out research by interpreting available information, and analysing and reviewing research findings and activities to enable the determination of financial investment strategies and options.It applies to individuals who work in a range of financial services job roles involving research functions.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 industry capability field and include access to:

common office equipment, technology, software and consumables

financial services product information.

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: Interpret available information and conduct research
  • Establish timelines to meet research deadlines
  • Identify relevant sources of information accurately and consistently, and source and retrieve required information readily and promptly
  • Constantly review sources of research information and documentation to ensure currency and accuracy
  • Prepare research findings that logically flow from interpretation of information available in detailed, clear and accurate format, and in timely manner
       
Element: Analyse and review research findings and activities
  • Carry out research activities and outcomes in accordance with organisational policy and guidelines, confidentiality requirements, and relevant legislation or industry codes of practice
  • Analyse and review research findings and activities to ensure accuracy and thoroughness
  • Review statutory disclosures to maintain consistency and compliance
  • Seek feedback regularly to monitor effectiveness and appropriateness of research activities
       
Element: Document research and distribute to relevant parties
  • Check research to ensure compliance with organisational policy and guidelines, and with relevant legislation or industry codes of practice, and ensure it is authorised before release
  • Distribute research to all relevant parties as required in timely manner
  • Obtain confirmation of receipt of research information where relevant to complete organisational records of compliance
       


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. Interpret available information and conduct research

1.1 Establish timelines to meet research deadlines

1.2 Identify relevant sources of information accurately and consistently, and source and retrieve required information readily and promptly

1.3 Constantly review sources of research information and documentation to ensure currency and accuracy

1.4 Prepare research findings that logically flow from interpretation of information available in detailed, clear and accurate format, and in timely manner

2. Analyse and review research findings and activities

2.1 Carry out research activities and outcomes in accordance with organisational policy and guidelines, confidentiality requirements, and relevant legislation or industry codes of practice

2.2 Analyse and review research findings and activities to ensure accuracy and thoroughness

2.3 Review statutory disclosures to maintain consistency and compliance

2.4 Seek feedback regularly to monitor effectiveness and appropriateness of research activities

3. Document research and distribute to relevant parties

3.1 Check research to ensure compliance with organisational policy and guidelines, and with relevant legislation or industry codes of practice, and ensure it is authorised before release

3.2 Distribute research to all relevant parties as required in timely manner

3.3 Obtain confirmation of receipt of research information where relevant to complete organisational records of compliance

Evidence of the ability to:

establish and meet required research deadlines

accurately interpret and comply with relevant legislative requirements

access and interpret available information accurately and comprehensively

comply with statutory disclosure requirements

document research findings concisely and clearly for distribution purposes.

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:

identify sources and parties that provide relevant information for research on financial products

describe the current economic climate and forecasted outlook for relevant financial products

explain financial forecasting techniques and tools to be used to assess the market for financial products

identify and outline local and international financial markets and investment outlook for financial products

describe organisational policy, procedures and requirements relevant to products and research

identify and describe key features of industry legislation and codes of practice relevant to product research, and protocols to be followed

describe techniques and tools for evaluation and interpretation of research data.

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. Interpret available information and conduct research

1.1 Establish timelines to meet research deadlines

1.2 Identify relevant sources of information accurately and consistently, and source and retrieve required information readily and promptly

1.3 Constantly review sources of research information and documentation to ensure currency and accuracy

1.4 Prepare research findings that logically flow from interpretation of information available in detailed, clear and accurate format, and in timely manner

2. Analyse and review research findings and activities

2.1 Carry out research activities and outcomes in accordance with organisational policy and guidelines, confidentiality requirements, and relevant legislation or industry codes of practice

2.2 Analyse and review research findings and activities to ensure accuracy and thoroughness

2.3 Review statutory disclosures to maintain consistency and compliance

2.4 Seek feedback regularly to monitor effectiveness and appropriateness of research activities

3. Document research and distribute to relevant parties

3.1 Check research to ensure compliance with organisational policy and guidelines, and with relevant legislation or industry codes of practice, and ensure it is authorised before release

3.2 Distribute research to all relevant parties as required in timely manner

3.3 Obtain confirmation of receipt of research information where relevant to complete organisational records of compliance

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
Establish timelines to meet research deadlines 
Identify relevant sources of information accurately and consistently, and source and retrieve required information readily and promptly 
Constantly review sources of research information and documentation to ensure currency and accuracy 
Prepare research findings that logically flow from interpretation of information available in detailed, clear and accurate format, and in timely manner 
Carry out research activities and outcomes in accordance with organisational policy and guidelines, confidentiality requirements, and relevant legislation or industry codes of practice 
Analyse and review research findings and activities to ensure accuracy and thoroughness 
Review statutory disclosures to maintain consistency and compliance 
Seek feedback regularly to monitor effectiveness and appropriateness of research activities 
Check research to ensure compliance with organisational policy and guidelines, and with relevant legislation or industry codes of practice, and ensure it is authorised before release 
Distribute research to all relevant parties as required in timely manner 
Obtain confirmation of receipt of research information where relevant to complete organisational records of compliance 

Forms

Assessment Cover Sheet

FNSINC501 - Conduct product research to support recommendations
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

FNSINC501 - Conduct product research to support recommendations

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: