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Evidence Guide: FNSORG508 - Analyse and comment on management reports

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

 

FNSORG508 - Analyse and comment on management reports

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

Establish items that require analysis

  1. Identify and determine parameters and key requirements to be included in management reports
  2. Review content of reports to identify abnormal or unusual items, exceptions and variations for comment
Identify and determine parameters and key requirements to be included in management reports

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review content of reports to identify abnormal or unusual items, exceptions and variations for comment

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse components identified

  1. Compare actual results to forecast or expected outcomes to identify items requiring further examination
  2. Obtain all information on identified items to enable report to be prepared
Compare actual results to forecast or expected outcomes to identify items requiring further examination

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Obtain all information on identified items to enable report to be prepared

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Report on findings

  1. Explain outcomes, results and variances to satisfy management questions
  2. Document recommendations on required action in accordance with organisational requirements
  3. Record outstanding matters to enable follow up action to be implemented
Explain outcomes, results and variances to satisfy management questions

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Document recommendations on required action in accordance with organisational requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Record outstanding matters to enable follow up action to be implemented

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. Establish items that require analysis

1.1 Identify and determine parameters and key requirements to be included in management reports

1.2 Review content of reports to identify abnormal or unusual items, exceptions and variations for comment

2. Analyse components identified

2.1 Compare actual results to forecast or expected outcomes to identify items requiring further examination

2.2 Obtain all information on identified items to enable report to be prepared

3. Report on findings

3.1 Explain outcomes, results and variances to satisfy management questions

3.2 Document recommendations on required action in accordance with organisational requirements

3.3 Record outstanding matters to enable follow up action to be implemented

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. Establish items that require analysis

1.1 Identify and determine parameters and key requirements to be included in management reports

1.2 Review content of reports to identify abnormal or unusual items, exceptions and variations for comment

2. Analyse components identified

2.1 Compare actual results to forecast or expected outcomes to identify items requiring further examination

2.2 Obtain all information on identified items to enable report to be prepared

3. Report on findings

3.1 Explain outcomes, results and variances to satisfy management questions

3.2 Document recommendations on required action in accordance with organisational requirements

3.3 Record outstanding matters to enable follow up action to be implemented