The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!
From the Wiki University
What evidence can you provide to prove your understanding of each of the following citeria?
Prepare a budget
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Information on past receipts and payments is obtained from previous records, compared to current prices and cost trends, and compiled in a form that enables projections of future receipts and expenditures. Completed |
Evidence:
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A plan is prepared for a period which allows for expected expenditure and financial reporting requirements, using the 'most likely' prices and costs. Completed |
Evidence:
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Implement and monitor a budget
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Receipts and payments are monitored and reconciled against the original budget. Completed |
Evidence:
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Variances against the original plan are identified, and the impact on overall profit/loss and cash flow is calculated. Completed |
Evidence:
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Funds are allocated in accordance with budget objectives and parameters. Completed |
Evidence:
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Adjustments are made where necessary to respond to unacceptable variations. Completed |
Evidence:
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Budgets and plans are renegotiated/ restructured where necessary to optimise enterprise performance. Completed |
Evidence:
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Prepare financial report
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Records of financial performance are properly maintained within enterprise systems. Completed |
Evidence:
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Information with source documents is assembled according to the requirements of the report recipient. Completed |
Evidence:
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Documentation is forwarded in a timely and efficient manner. Completed |
Evidence:
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Non-financial objectives are reported in the context of overall enterprise performance. Completed |
Evidence:
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