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?
Establish a financial management structure
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Establish a structure to undertake regular financial management responsibilities on behalf of the board Completed |
Evidence:
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Document respective responsibilities of the board and management Completed |
Evidence:
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Determine financial information required by the board from management Completed |
Evidence:
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Seek advice on suitable financial management systems for the organisation Completed |
Evidence:
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Identify relevant statutory requirements Completed |
Evidence:
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Establish financial management processes and systems
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Ensure appropriate policies and procedures are in place to open and operate necessary bank accounts Completed |
Evidence:
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Identify approved signatories for bank accounts Completed |
Evidence:
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Ensure authority and delegation between the board and management for management of finances are documented Completed |
Evidence:
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Ensure statutory requirements on financial management are followed Completed |
Evidence:
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Ensure duties of finance staff are documented Completed |
Evidence:
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Ensure accepted procedures for receiving and expending funds are established and maintained by management Completed |
Evidence:
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Ensure accepted systems for financial reporting are established and maintained Completed |
Evidence:
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Sign contracts on behalf of the organisation
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Ensure procedures for developing and documenting contracts are developed and followed Completed |
Evidence:
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Identify people authorised to sign contracts on behalf of the organisation Completed |
Evidence:
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Check proposed contractual arrangements are realistic for the organisation and in the organisation’s and community’s best interests Completed |
Evidence:
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Ensure contracts are signed according to organisational policies and procedures Completed |
Evidence:
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Follow finance procedures specified by funding bodies
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Seek variations to financial agreements from relevant funding bodies if required Completed |
Evidence:
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Identify and follow purchasing and disposal procedures specified by funding bodies Completed |
Evidence:
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Check requirements for finance documentation specified by funding bodies are met Completed |
Evidence:
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Advise the community of the financial situation of the organisation
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Identify type and content of financial information that can be made publicly available Completed |
Evidence:
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Ensure financial information is made available to members as specified in the constitution Completed |
Evidence:
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Present financial information at meetings in a clear and simple manner Completed |
Evidence:
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Meet reporting requirements of relevant corporate authorities and funding bodies
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Identify reporting requirements by relevant corporate authorities and funding bodies Completed |
Evidence:
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Establish timelines to ensure financial statements are completed within timeframe required by relevant corporate authorities and funding bodies Completed |
Evidence:
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Ensure auditor is appointed at annual general meeting Completed |
Evidence:
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Review and evaluate financial statements to ensure they meet requirements Completed |
Evidence:
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Check financial reports are submitted to relevant corporate authorities and funding bodies within required timeframe Completed |
Evidence:
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