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?
Prepare budget information.
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Determine and confirm scope and nature of budgetary planning activity with relevant colleagues. Completed |
Evidence:
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Identify, access and interpret data and data sources required for budget preparation. Completed |
Evidence:
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Analyse internal and externalfactors for potential impact on budget. Completed |
Evidence:
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Provide relevant colleagues with adequate notice of the opportunity to contribute to the budget planning process. Completed |
Evidence:
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Prepare budget.
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Draft budget, based on analysis of all available information and according to organisation policy. Completed |
Evidence:
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Estimate income and expenditure and support with valid, reliable and relevant information, including income and expenditure for previous time periods. Completed |
Evidence:
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Assess and present options where appropriate. Completed |
Evidence:
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Present recommendations clearly, concisely and in an appropriate format. Completed |
Evidence:
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Reflect organisation objectives appropriately within the draft budget. Completed |
Evidence:
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Circulate the draft budget to appropriate individuals for comment. Completed |
Evidence:
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Finalise budget.
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Negotiate budget according to organisation policy and procedures. Completed |
Evidence:
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Agree and incorporate modifications accurately and in consultation with colleagues. Completed |
Evidence:
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Complete final budget in required format within designated timelines. Completed |
Evidence:
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Inform colleagues of final budget decisions and their application within the relevant work area, including reporting and financial management responsibilities. Completed |
Evidence:
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Monitor and review budget.
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Review budget regularly to assess actual performance against estimated performance and prepare accurate financial reports. Completed |
Evidence:
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Incorporate all financial commitments promptly and accurately into budget and all budget reports. Completed |
Evidence:
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Investigate and take appropriate action on significant deviations. Completed |
Evidence:
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Analyse changes in the internal and external environment during budget review, and make adjustments accordingly. Completed |
Evidence:
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Collect and record relevant information to assist in future budget preparation. Completed |
Evidence:
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