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 management system requirements
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Financial management system reporting requirements are established, in accordance with business plans, and statutory and regulatory obligations Completed |
Evidence:
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Financial system needs and statutory reporting requirements are identified Completed |
Evidence:
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Establish financial management system
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Financial administrative systems are established to match identified business requirements Completed |
Evidence:
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Mechanisms for the review of terms of trade and fee structures are reconciled to meet business needs and industry standards Completed |
Evidence:
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Equipment and software needed to operate the financial administrative system are identified, acquired and installed in association with relevant accounting and technical staff Completed |
Evidence:
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System financial administration, reporting and performance indicators are maintained in accordance with business's statutory obligations Completed |
Evidence:
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Financial administrative systems are implemented in accordance with planned processes and policies Completed |
Evidence:
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Maintain financial reporting systems
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Financial reports required to monitor business performance, to ensure accurate and timely information on working capital and cash flow, and to meet statutory obligations are accurately prepared in the prescribed format and at the required times Completed |
Evidence:
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Financial reports are distributed to relevant personnel and organisations by due dates Completed |
Evidence:
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Financial administration and reporting systems are evaluated against established performance indicators Completed |
Evidence:
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