Unit of competency Outline
Date retreived
22/07/2026 6:04 PM AWST
22/07/2026 6:04 PM AWST
Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.
Analyse financial markets and information
Analyse financial markets and information
Unit of competency
National Code
FNSFMK501A
FNSFMK501A
State Code
D4123
D4123
TGA Status
Replaced
Replaced
DTWD Status
Replaced
Replaced
State Implementation and Classification
Approved Date
31/07/2014
Field of Education
080101 - Accounting
Original Release Date
31/07/2014
Nominal Hours
60
Description
This unit describes the performance outcomes, skills and knowledge required to monitor and assess markets and information, analyse economic trends and developments, and provide market reports.No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement.
Notes
Elements and Performance Criteria
1. Determine the operations within financial markets
- 1.1. The different financial market sectors that occur within the financial market and relationship between them, participants and the economy are identified
2. Access market information
- 2.1. Aims and objectives of financial markets analysis are clearly established in accordance with client and organisational requirements
- 2.2. Clear and quantifiable parameters are set for the identification and sourcing of information in accordance with legislative and organisational requirements
- 2.3. Market information and data is accessed and evaluated in terms of validity, reliability and relevance in accordance with identified analysis requirement
- 2.4. Methods of analysis, testing, assessment and evaluation used are appropriate to the information and the goals and objectives of the research
3. Interpret trends and market developments
- 3.1. Quantitative and/or qualitative analysis is undertaken of comparative market data using standard financial analysis techniques
- 3.2. Economic trends and market developments are identified and evaluated in terms of potential implications and impacts on business
- 3.3. Risk contingencies are identified and quantified in accordance with industry standards, precedents and techniques
- 3.4. Sound inductive reasoning is applied to ensure consistency of interpretations based on available information
4. Report on market data
- 4.1. Market performance, trends and risk analyses are prioritised and prepared for presentation in the required format, style and structure
- 4.2. Conclusions are verified, current and sufficiently detailed to meet identified analysis requirements
- 4.3. Reports are prepared and distributed to relevant persons within agreed timeframes and in accordance with organisational requirements
- 4.4. The use of market information and data is in accordance with the relevant legal and ethical constraints and organisational requirements
RANGE STATEMENT
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.
Financial markets may include:
any exchange traded markets
Australian Securities Exchange (ASX)
over the counter (OTC)
Sydney Futures Exchange (SFE).
Participants may include:
ASX
banks
brokers
futures brokers
retail clients
SFE
wholesale clients.
Economy factors may include:
fiscal policy
monetary policy
primary markets
secondary markets
wholesale markets versus retail markets.
Analysis:
may be:
quantitative or qualitative
explorative, descriptive, causative or predictive
and may include:
basic statistical analysis
mathematical calculations
critical analysis
problem solving.
Organisational requirements may be outlined and reflected in:
business and performance plans
complaints and dispute resolution procedures
ethical standards, codes of practice
goals, objectives, plans, systems and processes
legal and organisational policy and guidelines
mission statements, strategic plans
policies and procedures in relation to client service
product or service development
quality and continuous improvement processes and standards
quality assurance and procedures manuals.
Information may be evaluated for:
accuracy
authenticity
currency
quality
relevance
reliability
reputability of source
validity.
Legislative requirements may include:
Banking Act
Commonwealth Criminal Code
Corporations Act
Financial Corporations Act
Financial Services Reform Act
Financial Transaction Reports Act
Privacy Amendment Act (Private Sector)
Reserve Bank Act
Taxation Act
Trade Practices Act.
Methods of analysis may include:
comparative analysis
demographic or geographic analysis
historical analysis
hypothesis
link analysis.
Comparative market data may include:
best practice information
international benchmarking
inter-organisation comparison data.
Economic trends and market developments may include:
changes in technology
demographic trends
ecological and environmental trends
economic trends:
local
regional
national
international
government activities such as:
managing interest rates
regulation
deregulation
industrial trends
social and cultural factors.
Relevant persons may include:
client
colleagues
managers, supervisors
peers.
Legal and ethical constraints may include:
codes of practice
ethical principles
organisational policies and guidelines
relevant legislation and regulations
social and cultural expectations and influences.
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.
Financial markets may include:
any exchange traded markets
Australian Securities Exchange (ASX)
over the counter (OTC)
Sydney Futures Exchange (SFE).
Participants may include:
ASX
banks
brokers
futures brokers
retail clients
SFE
wholesale clients.
Economy factors may include:
fiscal policy
monetary policy
primary markets
secondary markets
wholesale markets versus retail markets.
Analysis:
may be:
quantitative or qualitative
explorative, descriptive, causative or predictive
and may include:
basic statistical analysis
mathematical calculations
critical analysis
problem solving.
Organisational requirements may be outlined and reflected in:
business and performance plans
complaints and dispute resolution procedures
ethical standards, codes of practice
goals, objectives, plans, systems and processes
legal and organisational policy and guidelines
mission statements, strategic plans
policies and procedures in relation to client service
product or service development
quality and continuous improvement processes and standards
quality assurance and procedures manuals.
Information may be evaluated for:
accuracy
authenticity
currency
quality
relevance
reliability
reputability of source
validity.
Legislative requirements may include:
Banking Act
Commonwealth Criminal Code
Corporations Act
Financial Corporations Act
Financial Services Reform Act
Financial Transaction Reports Act
Privacy Amendment Act (Private Sector)
Reserve Bank Act
Taxation Act
Trade Practices Act.
Methods of analysis may include:
comparative analysis
demographic or geographic analysis
historical analysis
hypothesis
link analysis.
Comparative market data may include:
best practice information
international benchmarking
inter-organisation comparison data.
Economic trends and market developments may include:
changes in technology
demographic trends
ecological and environmental trends
economic trends:
local
regional
national
international
government activities such as:
managing interest rates
regulation
deregulation
industrial trends
social and cultural factors.
Relevant persons may include:
client
colleagues
managers, supervisors
peers.
Legal and ethical constraints may include:
codes of practice
ethical principles
organisational policies and guidelines
relevant legislation and regulations
social and cultural expectations and influences.
EVIDENCE GUIDE
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
Critical aspects for assessment and evidence required to demonstrate competency in this unit
Evidence of the ability to:
interpret and use economic concepts
identify market participants, economic trends and market development and monitor and evaluate changes in market conditions using a range of data sources
work within legal and ethical constraints and access market information and produce reports using relevant data analysis methods and techniques
formulate and draw effective conclusions from the correct interpretation of data analysis.
Context of and specific resources for assessment
Assessment must ensure:
competency is demonstrated in the context of the financial services work environment and conditions specified in the range statement either in a relevant workplace or a closely simulated work environment
access to and the use of a range of common office equipment, technology, software and consumables
access to financial markets information.
Method of assessment
A range of assessment methods should be used to assess practical skills and knowledge. The following examples, in combination, are appropriate for this unit:
evaluating an integrated activity which combines the elements of competency for the unit or a cluster of related units of competency
verbal or written questioning on underpinning knowledge and skills
setting and reviewing workplace projects and business simulations or scenarios
evaluating samples of work
accessing and validating third party reports.
Guidance information for assessment
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
Critical aspects for assessment and evidence required to demonstrate competency in this unit
Evidence of the ability to:
interpret and use economic concepts
identify market participants, economic trends and market development and monitor and evaluate changes in market conditions using a range of data sources
work within legal and ethical constraints and access market information and produce reports using relevant data analysis methods and techniques
formulate and draw effective conclusions from the correct interpretation of data analysis.
Context of and specific resources for assessment
Assessment must ensure:
competency is demonstrated in the context of the financial services work environment and conditions specified in the range statement either in a relevant workplace or a closely simulated work environment
access to and the use of a range of common office equipment, technology, software and consumables
access to financial markets information.
Method of assessment
A range of assessment methods should be used to assess practical skills and knowledge. The following examples, in combination, are appropriate for this unit:
evaluating an integrated activity which combines the elements of competency for the unit or a cluster of related units of competency
verbal or written questioning on underpinning knowledge and skills
setting and reviewing workplace projects and business simulations or scenarios
evaluating samples of work
accessing and validating third party reports.
Guidance information for assessment
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| AUR12 | FNSFMK501 | Analyse financial markets and information | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| D722 | FNS51011 | Diploma of Financial Markets | Qualification |
| S710 | FNS41110 | Certificate IV in Financial Markets Operations | Qualification |
| D725 | FNS51811 | Diploma of Financial Services | Qualification |
| D724 | FNS51611 | Diploma of Securitisation | Qualification |