Unit of competency Outline
Date retreived
21/07/2026 11:14 PM AWST
21/07/2026 11:14 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 and comment on management reports
Analyse and comment on management reports
Unit of competency
National Code
FNSORG508
FNSORG508
State Code
AUS39
AUS39
TGA Status
Current
Current
DTWD Status
Approved
Approved
State Implementation and Classification
Approved Date
16/09/2015
Field of Education
080399 - Business And Management, N.e.c.
Original Release Date
16/09/2015
Nominal Hours
40
Description
This unit describes the skills and knowledge required to identify and strategically analyse irregularities in management reports, and document recommendations to achieve business forecasts or expected outcomes.It applies to individuals who use well-developed analytical and problem-solving techniques to complete their work.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Establish items that require analysis
- 1.1 Identify and determine parameters and key requirements to be included in management reports
- 1.2 Review content of reports to identify abnormal or unusual items, exceptions and variations for comment
2. Analyse components identified
- 2.1 Compare actual results to forecast or expected outcomes to identify items requiring further examination
- 2.2 Obtain all information on identified items to enable report to be prepared
3. Report on findings
- 3.1 Explain outcomes, results and variances to satisfy management questions
- 3.2 Document recommendations on required action in accordance with organisational requirements
- 3.3 Record outstanding matters to enable follow up action to be implemented
No information
No information
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| D4269 | FNSORG508A | Analyse and comment on management reports | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| BHU8 | FNS51822 | Diploma of Financial Services | Qualification |
| BFE8 | FNS51820 | Diploma of Financial Services | Qualification |
| AWB7 | FNS51815 | Diploma of Financial Services | Qualification |
| BHX3 | FNS60822 | Advanced Diploma of Integrated Risk Management | Qualification |
| AWC5 | FNS50815 | Diploma of Integrated Risk Management | Qualification |
| BFE6 | FNS60820 | Advanced Diploma of Integrated Risk Management | Qualification |
| AVZ1 | FNS60815 | Advanced Diploma of Integrated Risk Management | Qualification |
| BAI3 | CPP50316 | Diploma of Strata Community Management | Qualification |