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Evidence Guide: FNSACC612 - Implement reconstruction plan

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

 

FNSACC612 - Implement reconstruction plan

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

Evaluate options for reconstruction

  1. Identify, locate and secure assets and liabilities to be included in reconstruction plan
  2. Analyse organisation’s comparative market position to identify advantages and disadvantages of operations
  3. Ensure sources of financing are tax efficient and that optimal balances are achieved between minimising costs of servicing, financing and maintaining liquidity
  4. Establish and assess short-term and long-term financial obligations for organisation against client objectives and expectations
  5. Establish reconstruction milestones in consultation with stakeholders to identify significant deviations from expected returns
  6. Identify relevant legislative and regulatory requirements impacting on insolvency and reconstruction options
Identify, locate and secure assets and liabilities to be included in reconstruction plan

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse organisation’s comparative market position to identify advantages and disadvantages of operations

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure sources of financing are tax efficient and that optimal balances are achieved between minimising costs of servicing, financing and maintaining liquidity

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish and assess short-term and long-term financial obligations for organisation against client objectives and expectations

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish reconstruction milestones in consultation with stakeholders to identify significant deviations from expected returns

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify relevant legislative and regulatory requirements impacting on insolvency and reconstruction options

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish timelines and objectives

  1. Allocate operational liaison and reporting responsibilities to appropriate personnel to ensure completion of tasks
  2. Develop implementation schedules with defined target dates, and communicate and confirm with stakeholders
  3. Develop, modify and agree on performance indicators for completion of projects in planning process
Allocate operational liaison and reporting responsibilities to appropriate personnel to ensure completion of tasks

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop implementation schedules with defined target dates, and communicate and confirm with stakeholders

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop, modify and agree on performance indicators for completion of projects in planning process

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor progress

  1. Identify, acquire and validate operational data relevant to reconstruction plan
  2. Support day-to-day administration of program by liaison and regular reporting
  3. Assess delays and bottlenecks in implementation, and develop and negotiate solutions
  4. Analyse and document results of progress in accordance with plan
Identify, acquire and validate operational data relevant to reconstruction plan

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Support day-to-day administration of program by liaison and regular reporting

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assess delays and bottlenecks in implementation, and develop and negotiate solutions

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse and document results of progress in accordance with plan

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Plan for disaster

  1. Confirm triggers for implementation arrangements with stakeholders and communicate to relevant personnel
  2. Establish and document contingency plans in line with operational performance indicators
Confirm triggers for implementation arrangements with stakeholders and communicate to relevant personnel

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish and document contingency plans in line with operational performance indicators

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Evaluate options for reconstruction

1.1 Identify, locate and secure assets and liabilities to be included in reconstruction plan

1.2 Analyse organisation’s comparative market position to identify advantages and disadvantages of operations

1.3 Ensure sources of financing are tax efficient and that optimal balances are achieved between minimising costs of servicing, financing and maintaining liquidity

1.4 Establish and assess short-term and long-term financial obligations for organisation against client objectives and expectations

1.5 Establish reconstruction milestones in consultation with stakeholders to identify significant deviations from expected returns

1.6 Identify relevant legislative and regulatory requirements impacting on insolvency and reconstruction options

2. Establish timelines and objectives

2.1 Allocate operational liaison and reporting responsibilities to appropriate personnel to ensure completion of tasks

2.2 Develop implementation schedules with defined target dates, and communicate and confirm with stakeholders

2.3 Develop, modify and agree on performance indicators for completion of projects in planning process

3. Monitor progress

3.1 Identify, acquire and validate operational data relevant to reconstruction plan

3.2 Support day-to-day administration of program by liaison and regular reporting

3.3 Assess delays and bottlenecks in implementation, and develop and negotiate solutions

3.4 Analyse and document results of progress in accordance with plan

4. Plan for disaster

4.1 Confirm triggers for implementation arrangements with stakeholders and communicate to relevant personnel

4.2 Establish and document contingency plans in line with operational performance indicators

Required Skills and Knowledge

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Evaluate options for reconstruction

1.1 Identify, locate and secure assets and liabilities to be included in reconstruction plan

1.2 Analyse organisation’s comparative market position to identify advantages and disadvantages of operations

1.3 Ensure sources of financing are tax efficient and that optimal balances are achieved between minimising costs of servicing, financing and maintaining liquidity

1.4 Establish and assess short-term and long-term financial obligations for organisation against client objectives and expectations

1.5 Establish reconstruction milestones in consultation with stakeholders to identify significant deviations from expected returns

1.6 Identify relevant legislative and regulatory requirements impacting on insolvency and reconstruction options

2. Establish timelines and objectives

2.1 Allocate operational liaison and reporting responsibilities to appropriate personnel to ensure completion of tasks

2.2 Develop implementation schedules with defined target dates, and communicate and confirm with stakeholders

2.3 Develop, modify and agree on performance indicators for completion of projects in planning process

3. Monitor progress

3.1 Identify, acquire and validate operational data relevant to reconstruction plan

3.2 Support day-to-day administration of program by liaison and regular reporting

3.3 Assess delays and bottlenecks in implementation, and develop and negotiate solutions

3.4 Analyse and document results of progress in accordance with plan

4. Plan for disaster

4.1 Confirm triggers for implementation arrangements with stakeholders and communicate to relevant personnel

4.2 Establish and document contingency plans in line with operational performance indicators

Evidence of the ability to:

analyse asset and liability classification to evaluate options for reconstruction that comply with relevant legislation and regulatory requirements

establish reconstruction timelines and objectives, and monitor progress

develop contingency plans that include plans for disaster.

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 and explain the key principles of legislation as they relate to insolvency management covering:

trade practices and corporation law

taxation assessment

workplace relations

consumer and competition

privacy legislation

explain the application of depreciation methods allowed by tax authorities

compare and contrast the duties and responsibilities of:

administrators and liquidators

auditors

discuss ethical considerations for the handling of financial reconstruction

identify and explain the key principles of valuation and processes for asset disposal.