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 financial system requirements
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Financial system requirements for efficient financial administration are determined from consultation with relevant stakeholders and an analysis of existing financial plans Completed |
Evidence:
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Reporting and procedural requirements impacting on the organisation are identified and recorded for future reference Completed |
Evidence:
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Internal financial audit controls included in the system specification provide a satisfactory security mechanism Completed |
Evidence:
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Risks to financial viability and contingency strategies to manage risk are identified and costed Completed |
Evidence:
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Design financial management systems
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Sources of competent assistance and advice are accessed and used to secure financial records and assets Completed |
Evidence:
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Financial management system design ensures accurate and timely provision of information about the organisation's transactions, working capital and cash flow Completed |
Evidence:
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Equipment and software needed for the operation of the system are identified, acquired and installed to support the organisation's transactions Completed |
Evidence:
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Financial reporting requirements are known and used by relevant personnel Completed |
Evidence:
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Established financial reports ensure accurate and timely provision of data required for financial decision making Completed |
Evidence:
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Agreed schedules of account recording and reconciliation systems are produced at regular intervals and support the organisation's service provision and business decisions Completed |
Evidence:
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Mechanisms for the review of terms of trade and fee structures are suited to the organisation's needs and meet industry standards Completed |
Evidence:
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Financial reports are prepared at regular intervals in the required format meet external audit requirements Completed |
Evidence:
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Prepare and review financial plans
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Financial plans are linked to reviews of the organisation's strategic business plan to enable timely financial adjustments to be made Completed |
Evidence:
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Planning and implementation of financial management activities enable probity to be maintained Completed |
Evidence:
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Financial plans provide a reasonable basis for budgeting and ongoing financial management of the organisation Completed |
Evidence:
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Monitor and review financial reporting systems
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Financial reporting systems evaluated through an assessment of organisation performance against agreed performance indicators enable timely adjustments to be made to business investments Completed |
Evidence:
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Financial reports and systems are able to be used by authorised staff to manage the organisation's finances Completed |
Evidence:
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