Application
This unit describes the skills and knowledge required to identify and strategically analyse irregularities in management reports, and document recommendations to achieve business forecasts or expected outcomes.
It applies to individuals who use well-developed analytical and problem-solving techniques to complete their work.
No licensing, legislative or certification requirements apply to this unit at the time of publication.
Elements and Performance Criteria
ELEMENT | PERFORMANCE CRITERIA |
Elements describe the essential outcomes. | Performance criteria describe the performance needed to demonstrate achievement of the element. |
1. Establish items that require analysis | 1.1 Identify and determine parameters and key requirements to be included in management reports 1.2 Review content of reports to identify abnormal or unusual items, exceptions and variations for comment |
2. Analyse components identified | 2.1 Compare actual results to forecast or expected outcomes to identify items requiring further examination 2.2 Obtain all information on identified items to enable report to be prepared |
3. Report on findings | 3.1 Explain outcomes, results and variances to satisfy management questions 3.2 Document recommendations on required action in accordance with organisational requirements 3.3 Record outstanding matters to enable follow up action to be implemented |
Foundation Skills
This section describes language, literacy, numeracy and employment skills incorporated in the performance criteria that are required for competent performance.
Skill | Performance Criteria | Description |
Reading | 1.1, 1.2, 2.1, 2.2 | Selects from a broad repertoire of strategies to interpret, critically analyse and assess complex texts to identify inconsistencies, consulting other information sources as required |
Writing | 1.1, 2.1, 3.1, 3.2, 3.3 | Produces clear, logically sequenced texts that identify irregularities, convey precise meaning of recommendations and clearly record further action in accordance with organisational requirements |
Oral Communication | 3.1 | Participates in complex spoken interactions using language appropriate to the purpose and audience Uses careful listening and questioning to clarify understanding |
Numeracy | 1.1, 1.2, 2.1, 2.2 | Analyses and interprets complex financial calculations and predictions for accuracy, consistency and comparison with final results achieved |
Navigate the world of work | 3.2 | Takes full responsibility for identifying and complying with organisational requirements |
Interact with others | 2.2, 3.1 | Selects and uses appropriate communication conventions and protocols when liaising with others to seek or share information |
Get the work done | 1.1, 2.1, 2.2, 3.2 | Accepts responsibility for planning and sequencing complex tasks and workload Systematically gathers and analyses all relevant information to make informed recommendations Uses the main features and functions of digital tools to complete work tasks, store data and access information |
Sectors
Organisational skills