Elements and Performance Criteria

The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included.


property investments

shares, bonds, securities

loans, leases, debts

plant and equipment

personnel

cash accounts


product quality

removal of restrictive practices

falling market reputation

lack of financing

industrial unrest


'plough back'

money market

asset sales

bank borrowing (long and short term)

franchising

venture capital

new share releases

government equity injections


debt retirement

salaries

periodic payments (eg leases, loans)

taxation payments

superannuation

dividends


reduction in tax liabilities

financial consolidation

higher levels of investment returns

asset development

administrative efficiency

improved cash flows


reports (quarterly, half yearly, annual)

compliance with scheduled payment dates

profits and losses

debt reduction targets


employees

clients

managers and company officers (eg company directors and board of management)

financial institutions

suppliers


administrator

valuations

commercial viabilities

availability of credit

compliance requirements


liquidation dates

consultation

repayment schedules

evaluation of commercial viability

budgeting


sales

salaries

interest payments

taxation liabilities (eg Sales Tax, State Government charges)


industrial action

creditor default

identification of ownership

taxation assessments

court orders


non-payment of debts

falling revenues

court action

industrial unrest

withdrawal of financing

The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.
Overview of assessment

To achieve competency in this unit, a person must be able to demonstrate:

knowledge of relevant legislation
knowledge of assets and liability classification
ability to evaluate options for reconstruction
establish timelines and objectives
monitor progress
plan for disaster

Evidence required for demonstration of consistent performance:
Competence in this unit must be assessed over a period of time in order to ensure consistency of performance over the Range Statement and contexts applicable to the work environment.

Delivery/assessment relationship to other units:
This unit may be assessed on its own or it may be assessed with other units that cover related skills and knowledge.
Evidence is most relevant when provided through an integrated activity, which combines the elements of competency for the unit, or a cluster of units of competency.

Method of assessment:
For valid and reliable assessment of this unit, evidence should be gathered through a range of methods to indicate consistent performance.
Assessment of this unit of competence will usually include observation of processes and procedures, oral and/or written questioning on underpinning knowledge and skills and other methods as required.

Context of assessment:
Assessment of performance requirements in this unit should be undertaken within the financial services industry context and should cover aspects of personal/financial responsibility and accountability.
Aspects of competency, including the attainment of relevant knowledge and skills, may be assessed in a relevant workplace, a closely simulated work environment, or other appropriate means that clearly meet industry competency requirements.

Resources required for assessment:
Assessment of this unit of competence requires access to suitable resources to demonstrate competence.
Assessment instruments, including personal planner and assessment record book.
Access to registered provider of assessment services.