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Evidence Guide: CPPREP4505 - Value goods, chattels, plant and equipment

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

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

 

CPPREP4505 - Value goods, chattels, plant and equipment

What evidence can you provide to prove your understanding of each of the following citeria?

Obtain, interpret and confirm instructions.

  1. Confirm client requirements and instructions for the valuation of goods, chattels, plant and equipment according to legislative requirements.
  2. Discuss agency requirements and processes for the valuation of goods, chattels, plant and equipment with client.
  3. Confirm status and ownership of goods, chattels, plant and equipment offered for valuation.
  4. Obtain written agreement to proceed with valuation according to legislation in the state or territory of operation.
Confirm client requirements and instructions for the valuation of goods, chattels, plant and equipment according to legislative requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Discuss agency requirements and processes for the valuation of goods, chattels, plant and equipment with client.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Confirm status and ownership of goods, chattels, plant and equipment offered for valuation.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Obtain written agreement to proceed with valuation according to legislation in the state or territory of operation.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Conduct research to support valuation.

  1. Analyse documents, reports and historical financial records for goods, chattels, plant and equipment offered for valuation.
  2. Analyse information to confirm history of goods and chattels and maintenance history of plant and equipment.
  3. Analyse advice and preliminary market evidence of value and replacement costs of goods, chattels, plant and equipment.
  4. Confirm safety and legal compliance of goods, chattels, plant and equipment according to legislative requirements.
Analyse documents, reports and historical financial records for goods, chattels, plant and equipment offered for valuation.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse information to confirm history of goods and chattels and maintenance history of plant and equipment.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse advice and preliminary market evidence of value and replacement costs of goods, chattels, plant and equipment.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Confirm safety and legal compliance of goods, chattels, plant and equipment according to legislative requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Inspect goods, chattels, plant and equipment.

  1. Arrange inspection of goods, chattels, plant and equipment in consultation with client.
  2. Confirm identity of goods, chattels, plant and equipment offered for valuation according to with client instructions.
  3. Conduct visual inspection of goods, chattels, plant and equipment to gather additional information to support valuation.
  4. Record inspection details and compile field notes.
Arrange inspection of goods, chattels, plant and equipment in consultation with client.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Confirm identity of goods, chattels, plant and equipment offered for valuation according to with client instructions.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Conduct visual inspection of goods, chattels, plant and equipment to gather additional information to support valuation.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Record inspection details and compile field notes.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Apply valuation methodology.

  1. Obtain and analyse cost and market information for goods, chattels, plant and equipment.
  2. Select and apply valuation methodology suitable to the types of goods, chattels, plant and equipment considering data compiled from research and inspection activities.
  3. Verify accuracy and reliability of collated data and seek additional information required to confirm valuation.
  4. Assess value of goods, chattels, plant and equipment according to client instructions.
Obtain and analyse cost and market information for goods, chattels, plant and equipment.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Select and apply valuation methodology suitable to the types of goods, chattels, plant and equipment considering data compiled from research and inspection activities.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Verify accuracy and reliability of collated data and seek additional information required to confirm valuation.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assess value of goods, chattels, plant and equipment according to client instructions.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Complete valuation and present to client.

  1. Analyse valuation findings to ascertain final valuation, and record according to agency requirements and client instructions.
  2. Prepare valuation report in an acceptable format highlighting findings and rationale.
  3. Present report to client.
  4. Securely maintain records and documentation according to agency requirements.
Analyse valuation findings to ascertain final valuation, and record according to agency requirements and client instructions.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare valuation report in an acceptable format highlighting findings and rationale.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Present report to client.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Securely maintain records and documentation according to agency requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Required Skills and Knowledge