Modification History
Not Applicable
Unit Descriptor
Descriptor |
This unit describes the skills and knowledge required to work in the community sector with clients requiring basic education in financial literacy |
Application of the Unit
Application |
This unit is designed for application by workers in the community sector who may need to provide basic financial literacy education for client groups Financial literacy education provides targeted information and resources to meet particular client needs Acquisition of financial literacy education competencies alone does not provide sufficient foundation to undertake complex financial literacy education or financial counselling Where financial issues have the potential to become complex, clients should be referred to a qualified financial counsellor |
Licensing/Regulatory Information
Not Applicable
Pre-Requisites
Not Applicable
Employability Skills Information
Employability Skills |
This unit contains Employability Skills |
Elements and Performance Criteria Pre-Content
Elements define the essential outcomes of a unit of competency. |
The Performance Criteria specify the level of performance required to demonstrate achievement of the Element. Terms in italics are elaborated in the Range Statement. |
Elements and Performance Criteria
ELEMENT |
PERFORMANCE CRITERIA |
1. Identify own values and attitudes in relation to personal financial management |
1.1 Identify influence of own values and attitudes towards money management 1.2 Recognise one's own budgeting and money management behaviours, and influence of significant others, in relation to money management |
2. Identify roles and boundaries relevant to role of financial literacy education |
2.1 Identify the role of a financial literacy educator 2.2 Identify the information limits provided by financial literacy educators 2.3 Refer appropriately to specialist services |
3. Recognise the values and attitudes of diverse client groups in relation to financial management |
3.1 Assist clients to identify influence of own values and attitudes towards money management 3.2 Assist clients to identify their own money management styles, in relation to saving and spending 3.3 Assist clients to identify any barriers to effective personal money management 3.4 Apply understanding of the role of money for different client groups |
4. Target financial literacy education to client needs |
4.1. Identify specific needs of clients or target group in relation to financial literacy education 4.2 Identify specific money management issues relating to different target groups |
Required Skills and Knowledge
REQUIRED SKILLS AND KNOWLEDGE |
This describes the essential skills and knowledge and their level required for this unit. |
Essential knowledge : The candidate must be able to demonstrate essential knowledge required to effectively do the task outlined in elements and performance criteria of this unit, manage the task and manage contingencies in the context of the identified work role These include knowledge of:
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Essential skills : It is critical that the candidate demonstrate the ability to:
In addition, the candidate must be able to effectively do the task outlined in elements and performance criteria of this unit, manage the task and manage contingencies in the context of the identified work role These include the ability to:
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Evidence Guide
EVIDENCE GUIDE |
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The evidence guide provides advice on assessment and must be read in conjunction with the Performance Criteria, Required Skills and Knowledge, the Range Statement and the Assessment Guidelines for this Training Package. |
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Critical aspects for assessment and evidence required to demonstrate this unit of competency : |
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Access and equity considerations : |
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Context of and specific resources for assessment : |
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Method of assessment : |
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Range Statement
RANGE STATEMENT |
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The Range Statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Add any 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. |
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Client groups may include but are not limited to : |
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Barriers to effective personal money management may relate to , for example : |
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Delivery of financial literacy education may include : |
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Unit Sector(s)
Not Applicable