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?
Plan preparation timetable
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All critical milestones are identified to ensure financial forecasts and projections can be prepared within timeframes Completed |
Evidence:
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Business plans are reviewed to identified timeframe parameters used Completed |
Evidence:
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Business plans, financial forecasting and processing systems are reviewed to identify all potential conflicts Completed |
Evidence:
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Identify assumptions and parameters
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Business plans and exception reports are reviewed to identify and resolve conflicts in assumptions Completed |
Evidence:
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Assumptions and parameters are reviewed to ensure compliance with company policy and procedures Completed |
Evidence:
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Current and historical financial reports are examined to establish trends Completed |
Evidence:
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External environment is examined to gain an objective overview Completed |
Evidence:
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Issue instructions and relevant aids for preparation of forecasts and projections
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Instructions issued are clear and unambiguous and comply with company format to ensure ease of use and consistency of interpretation Completed |
Evidence:
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Types of business are identified to enable effective models to be selected Completed |
Evidence:
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Training is provided to ensure comprehensive understanding and effective use of financial models by users Completed |
Evidence:
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Collect, consolidate, model and analyse data
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Data is reviewed to ensure consistency with actual results and model used Completed |
Evidence:
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Analysis results are documented in a clear and unambiguous way Completed |
Evidence:
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Data collected are reliable, valid, complete and comprehensive Completed |
Evidence:
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Processing is completed in accordance with established timetable Completed |
Evidence:
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Data are consolidated in a logical structured format that enables ready analysis Completed |
Evidence:
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Document results and obtain approval
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Results are documented in a clear and understandable manner Completed |
Evidence:
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Documented results are in a format suitable to meet needs of target users Completed |
Evidence:
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All approvals are obtained in accordance with management objectives, financial and company policies Completed |
Evidence:
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Results are distributed within timetable and according to company policy Completed |
Evidence:
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