Assessment Requirements for PSPMGT009 Manage public sector financial resources

Release: 1

Assessment Requirements for PSPMGT009 Manage public sector financial resources

Modification History

Release	Comments
1	These Assessment Requirements were released in PSP Public Sector Training Package release 1.0 and meet the Standards for Training Packages. Assessment Requirements created drawing upon specified assessment information from superseded unit

Performance Evidence

Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the candidate must demonstrate evidence of performance of the following on at least one occasion.

preparing information and reports requiring precision of expression

meeting formatting and process requirements for bids and estimates and linkages to strategic plans

monitoring financial information

interpreting and signing off on financial reports

interpreting organisational information in financial terms

adjusting communication to suit different audiences

using crosscultural communication relating to financial management – across professional cultures, including accounting, IT, arts, policy areas

accessing information and legislation electronically or in hard copy

Knowledge Evidence

Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the depth of knowledge demonstrated must be appropriate to the job context of the candidate.

financial management principles

legislation, policies and processes relating to public sector financial management, including conflicts of interest, procurement, value for money

the organisation’s financial accountability mechanisms

corporate governance requirements

internal controls and why they are used

delegations and why the public sector uses them

public sector financial management framework and the relationship between the elements of the framework

documents that make up the financial management framework

legislation related to working in the public sector, including equal employment opportunity, environmental, sustainability and work health and safety requirements

Assessment Conditions

This unit contains no specific industry-mandated assessment conditions. Guidance on suggested and recommended conditions and methods can be found in the Implementation Guide.

Assessors must satisfy the NVR/AQTF mandatory competency requirements for assessors.

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=bebbece7-ff48-4d2c-8876-405679019623

Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=bebbece7-ff48-4d2c-8876-405679019623

Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=bebbece7-ff48-4d2c-8876-405679019623