FNS50615 Diploma of FINANCIAL PLANNING
\nBSBITU402 Develop and Use Complex Spreadsheets
\nLearner Assessment
\nTABLE OF CONTENTS
\nThis is an interactive table of contents. If you are viewing this document in Acrobat, clicking on a heading will transfer you to that page. If you have this document open in Word, you will need to hold down the Control key while clicking for this to work.
\nInstructions 4
\nWhat is Competency-Based Assessment 4
\nThe Basic Principles of Assessing Nationally Recognised Training 5
\nThe Dimensions of Competency 6
\nReasonable Adjustment 7
\nThe Unit of Competency 8
\nContext for Assessment 9
\nAssessment Requirements 9
\nAssessment Methods 10
\nResources Required for Assessment 10
\nAssessment Workbook Cover Sheet 11
\nKnowledge Assessment 12
\nPractical Assessment 17
\nInstructions to Student 17
\nCase Study Overview 18
\nPart 1 – Follow safe work practices 19
\nPart 2 \u2013 Develop and use complex spreadsheets 21
\nTask 1 – Roleplay Activity 23
\nTask 2 \u2013 Sales Summary 27
\nTask 3 \u2013 Quality Audit Report 30
\nTask 4 \u2013 Spreadsheet Template 38
\nTask 5 \u2013 Balance Sheet 42
\nTask 6 \u2013 Trading Statement 44
\nTask 7 \u2013 Financial Ratios and Graphs 45
\nPart 3 \u2013 Conclusion 47
\nWorkbook Checklist 49
\nAppendix 55<\/p>\n
INSTRUCTIONS
\nThe questions in this workbook are divided into two categories: Knowledge Assessment and Practical Assessment.
\nThe questions under Knowledge Assessments are all in a short answer format. The longer questions requiring creative and analytical thought processes are covered in the Practical Assessment: Case Study. You must answer all questions using your own words. However, you may reference your Learner Guide and other relevant resources and learning materials to complete this assessment.
\nSome questions cover processes you would likely encounter in a workplace. Ideally, you should be able to answer these questions based on the processes that are currently in place in your workplace. However, if you do not currently have access to a workplace, then answer the questions based on processes that should be implemented in a typical workplace setting.
\nWHAT IS COMPETENCY-BASED ASSESSMENT
\nThe features of a competency-based assessment system are:
\nIt is focused on what learners can do and whether it meets the criteria specified by the industry as competency standards.
\nAssessment should mirror the environment the learner will encounter in the workplace.
\nAssessment criteria should be clearly stated to the learner at the beginning of the learning process.
\nAssessment should be holistic. That is, it aims to assess as many elements and\/or units of competency as is feasible at one time.
\nIn competency assessment, a learner receives one of only two (2) outcomes; competent or not yet competent.
\nThe basis of assessment is in applying knowledge for some purpose. In a competency system, knowledge for the sake of knowledge is seen to be ineffectual unless it assists a person to perform a task to the level required in the workplace.
\nThe emphasis in assessment is on assessable outcomes that are clearly stated for the trainer and learner. Assessable outcomes are tied to the relevant industry competency standards where these exist. Where such competencies do not exist, the outcomes are based upon those identified in a training needs analysis.<\/p>\n
Definition of Competency
\nAssessment in this context can be defined as:
\nThe fair, valid, reliable and flexible gathering and recording of evidence to support the judgement on whether competence has been achieved. Skills and knowledge (developed either in a structured learning situation, at work, or in some other context) are assessed against national standards of competence required by industry, rather than compared with the skills and knowledge of other learners.
\nTHE BASIC PRINCIPLES OF ASSESSING NATIONALLY RECOGNISED TRAINING
\nDeveloping and conducting assessment, in an Australian vocational education and training context, is founded on a number of basic conventions.
\nThe principles of assessment
\nAssessment must be valid
\nAssessment must include the full range of skills and knowledge needed to demonstrate competency.
\nAssessment must include the combination of knowledge and skills with their practical application.
\nAssessment, where possible, must include judgements based on evidence drawn from a number of occasions and across a number of contexts.
\nAssessment must be reliable
\nAssessment must be reliable and must be regularly reviewed to ensure that assessors are making decisions in a consistent manner.
\nAssessors must be trained in national competency standards for assessors to ensure reliability.
\nAssessment must be flexible
\nAssessment, where possible, must cover both the on and off-the-job components of training within a course.
\nAssessment must provide for the recognition of knowledge, skills and attitudes regardless of how they have been acquired.
\nAssessment must be made accessible to learners through a variety of delivery modes so they can proceed through modularised training packages to gain competencies<\/p>\n
Assessment must be mutually developed and agreed upon between assessor and the assessed.
\nAssessment must be able to be challenged. Appropriate mechanisms must be made for reassessment as a result of challenge.
\n(Source: Standards for RTOs 2015, Clauses 1.8 \u2013 1.12)
\nThe rules of evidence
\nWhen collecting evidence, there are certain rules that apply to that evidence. All evidence must be valid, sufficient, authentic and current:
\nValid
\nEvidence gathered should meet the requirements of the unit of competency. This evidence should match, or at least reflect, the type of performance that is to be assessed, whether it covers knowledge, skills or attitudes.
\nSufficient
\nThis rule relates to the amount of evidence gathered. It is imperative that enough evidence is gathered to satisfy the requirements that the learner is competent in all aspects of the unit of competency.
\nAuthentic
\nWhen evidence is gathered the assessor must be satisfied that evidence is the learner\u2019s own work.
\nCurrent
\nThis relates to the recency of the evidence and whether the evidence relates to current abilities.
\n(Source: Training in Australia by M Tovey, D Lawlor)
\nTHE DIMENSIONS OF COMPETENCY
\nThe national concept of competency includes all aspects of work performance and not only narrow task skills. The four (4) dimensions of competency are:
\nTask skills
\nTask management skills
\nContingency management skills
\nJob or role environment skills<\/p>\n
REASONABLE ADJUSTMENT
\nAdapted Reasonable Adjustment in teaching, learning and assessment for learners with a disability – November 2010 – Prepared by – Queensland VET Development Centre
\nReasonable adjustment in VET is the term applied to modifying the learning environment or making changes to the training delivered to assist a learner with a disability. A reasonable adjustment can be as simple as changing classrooms to be closer to amenities or installing a particular type of software on a computer for a person with vision impairment.
\nWhy make a reasonable adjustment?
\nWe make reasonable adjustments in VET to make sure that learners with a disability have:
\nthe same learning opportunities as learners without a disability
\nthe same opportunity to perform and complete assessments as those without a disability.
\nReasonable adjustment applied to participation in teaching, learning and assessment activities can include:
\ncustomising resources and assessment activities within the training package or accredited course
\nmodifying the presentation medium
\nlearner support
\nuse of assistive\/adaptive technologies
\nmaking information accessible both before enrollment and during the course
\nmonitoring the adjustments to ensure learner needs continue to be met.<\/p>\n
Assistive\/Adaptive Technologies
\nAssistive\/Adaptive technology means \u2018software or hardware that has been specifically designed to assist people with disabilities in carrying out daily activities\u2019 (World Wide Web Consortium – W3C). It includes screen readers, magnifiers, voice recognition software, alternative keyboards, devices for grasping, visual alert systems, digital note takers.
\nIMPORTANT NOTE
\nReasonable adjustment made for collecting candidate assessment evidence must not impact on the standard expected by the workplace, as expressed by the relevant Unit(s) of Competency. E.g., If the assessment were gathering evidence of the candidate\u2019s competency in writing, allowing the candidate to complete the assessment verbally would not be a valid assessment method. The method of assessment used by any reasonable adjustment must still meet the competency requirements.
\nTHE UNIT OF COMPETENCY
\nThe units of competency specify the standards of performance required in the workplace.
\nThis assessment addresses the following unit of competency:
\nBSBITU402 \u2013 Develop and Use Complex Spreadsheets
\nPrepare to develop spreadsheet
\nDevelop a linked spreadsheet solution
\nAutomate and standardise spreadsheet operation
\nUse spreadsheets
\nRepresent numerical data in graphic form
\nFor a complete copy of the above unit of competency:
\nDownload them from the TGA website:
\nhttp:\/\/training.gov.au\/BSBITU402<\/p>\n
CONTEXT FOR ASSESSMENT
\nTo complete the assessments in this workbook, candidates need to have access to their learning materials and the Internet. The Knowledge Assessment and Case Study may be completed wholly at the candidate\u2019s home or chosen place of study.
\nASSESSMENT REQUIREMENTS
\nThe assessment requirements specify the evidence and required conditions for assessment.
\nEach unit of competency can be unbundled to reveal three key assessment components:
\nPerformance Evidence
\ndescribes the subtasks that make up the element of the unit
\nKnowledge Evidence
\ndescribes the knowledge that must be applied to understanding the tasks described in the elements
\nAssessment Condition
\ndescribes the environment and conditions that assessments must be conducted under
\nThe associated assessment method in this kit covers all of these components as detailed in the matrix to follow:
\nUnits of Competency
\nAssessment Activities BSBITU402
\n?
\nPractical Assessment ?<\/p>\n
ASSESSMENT METHODS
\nPractical Assessment
\nA set of tasks or activities to be completed according to set instructions and guidelines in a simulated work environment to meet the requirements of the relevant units.
\nRESOURCES REQUIRED FOR ASSESSMENT
\nCandidate will need access to:
\nComputer with Internet and email access and a working web browser
\nInstalled software: MS Word, MS Excel, Adobe Acrobat Reader
\nCloud storage either Dropbox or Google Drive
\nA video and audio recording device
\nA volunteer (may be a friend, relative, or a colleague)
\nAccess to office equipment and resources<\/p>\n
ASSESSMENT WORKBOOK COVER SHEET
\nTo the candidate: Print this cover sheet and complete it by filling in all the required information and affixing your signature to the space provided. Your signature must be hand-signed. Scan the completed cover sheet and submit it along with your evidence submissions. Use the filename: BSBITU402 \u2013 Cover Sheet.
\nWORKBOOK: WORKBOOK BSBITU402
\nTITLE: Develop and Use Complex Spreadsheets
\nFIRST AND SURNAME:
\nPHONE:
\nEMAIL:
\nPlease read the Candidate Declaration below and if you agree to the terms of the declaration sign and date in the space provided.
\nBy submitting this work, I declare that:
\nI have been advised of the assessment requirements, have been made aware of my rights and responsibilities as an assessment candidate, and choose to be assessed at this time.
\nI am aware that there is a limit to the number of submissions that I can make for each assessment, and I am submitting all documents required to complete this Assessment Workbook.
\nI have organised and named the files I am submitting according to the instructions provided, and I am aware that my assessor will not assess work that cannot be clearly identified and may request the work be resubmitted according to the correct process.
\nThis work is my own and contains no material written by another person except where due reference is made. I am aware that a false declaration may lead to the withdrawal of a qualification or statement of attainment.
\nI am aware that there is a policy of checking the validity of qualifications that I submit as evidence as well as the qualifications\/evidence of parties who verify my performance or observable skills. I give my consent to contact these parties for verification purposes.
\nName:
\nSignature:
\nDate:
\nPRACTICAL ASSESSMENT
\nInstructions to Student
\nThe Case Study tasks are hypothetical situations which will not require you to have access to a workplace, although, your past and present workplace experiences may help with the responses you provide. You will be expected to encounter similar situations to these in the future as you work in the business sector, particularly in developing and using complex spreadsheets.
\nThis assessment will help you demonstrate skill requirements in such situations.<\/p>\n
Case Study Overview
\nAwesome Landscapes Pty Ltd provides landscaping solutions to large-scale commercial and residential developments. You can find out more about Awesome Landscapes by accessing their website:
\nAwesome Landscapes
\n(username: newusername password: newpassword)
\nYou are the bookkeeper for Awesome Landscapes, and you directly report to the business manager, Shaar Azad.
\nYou have been tasked to follow safe work practices and create spreadsheets that will be used by the business managers of the organisation.
\nIn creating these spreadsheets, you will need to follow Awesome Landscapes\u2019 policies and procedures, and guidelines for developing documents and use Microsoft Excel.
\nYou will be provided with templates and supplementary guide questions throughout this assessment to document evidence of your completion of the relevant unit requirements addressed in this task.
\nUse the following naming convention to save your documents for submission
\nBSBITU402-Case Study Part #-Task #
\nas shown below.
\nor or
\nBSBITU402-Case Study Part 1-Task 1
\nNote: Within this part of the Case Study, you will be required to complete tasks within designated timelines. Ensure that you go over each task instruction before you proceed.<\/p>\n
Develop and use complex spreadsheets
\nFor this part of the Case Study, you are required to develop and use complex spreadsheets within the Awesome Landscapes simulation. You will do this by using Microsoft Excel.
\nTo proceed with the tasks, you need to access the installed Microsoft Excel software on your desktop or laptop computer. An Excel Tutorial is available here.
\nRefer to the following guidelines when completing tasks under this part.
\nGuidelines:
\nUse the Awesome Landscapes Style Guide (username: newlearner password: newpassword) and prescribed templates (e.g. Planning Document).
\nUnless specified otherwise, present important information in alphabetical or chronological order.
\nIn planning the files to be produced, the planning document will require you to specify your storage options for the outcomes. You must choose two (2) storage locations for all the outputs of this practical assessment. Your file location must include both:
\nA location on your computer for later submission along with this workbook.
\nAn online storage system (such as Dropbox or Google Drive). You must only choose one (1) online storage system.
\nWhen filling out planning documents, the title of output field in each planning document must list all titles of the printouts for the particular task. For the number of pages to be printed, an approximate number is acceptable.
\nPrint documents on white A4 size paper. You may use more than one (1) sheet of paper for one output so that all data in the document are printed.
\nYou are required to source and use manuals, user documentation, and online help with spreadsheet design and production.
\nIn Part 3 Task 2, you will be required to list at least one (1) issue or difficulty you encountered while creating the documents. For each issue encountered, you will be asked what manual, user documentation, and or online help you used to resolve it.
\nYou are required to apply work organisation strategies throughout the conduct of all the tasks.
\nIn Part 3 Task 3, you will be required to list at least two (2) strategies you applied while carrying out the tasks.
\nSubmit documents along with this workbook using the prescribed file name for each task.
\nEnsure that you complete each document within the following designated timelines. Your assessor will take note of the date and time when each document was last modified. Take note of the following deadlines for each output provided below.
\nOutput Deadline
\nTask 2
\nQuality Audit Report Must be completed not more than seven (7) working days after you completed Task 1 \u2013 Sales Summary
\nTask 3
\nSpreadsheet Template Must be completed not more than ten (10) working days after you completed Task 2 \u2013 Quality Audit Report
\nTask 4
\nBalance Sheet
\nTask 5
\nTrading Statement
\nTask 6
\nFinancial Ratios and Graphs<\/p>\n
Task 1 \u2013 Sales Summary
\nAwesome Landscapes is reviewing their national sales data over a three-month period. They are using Microsoft Excel software to organise and summarise their data. You are required to complete the Sales Summary by creating a pivot. You need to download the file by accessing it from the link below:
\nBSBITU402 Task 2 Awesome Landscapes Sales Summary
\nBefore you proceed with creating the pivot table, however, you need to use a Planning Document to analyse and evaluate the task and guide you through creating your pivot table.
\nA Planning Document template is provided in the Appendix section of this workbook. You can access it here.
\nYou might want to research on how to create a pivot table using an online or actual manual or user guide. Include this information in the Planning Document section \u2018Manual or user guide accessed and used\u2019.
\nIf the manual or user guide is:
\nAccessed online, include the link to the website or the file.
\nAn actual manual or user guide, include the title of the manual, the author and the year of publication.
\nSave and submit the completed planning document along with this workbook as shown below:
\nBSBITU402-Case Study Part 2-Task 2 Planning Document<\/p>\n
Planning Document
\nName
\nPosition
\nRequired Output(s)
\nAssessor
\nDue Date
\nDate Today
\nSoftware to be used
\nFile Storage 0 Computer or other hardware
\n0Online storage
\nLocation (Dropbox, Google Drive, etc.):
\nPresentation Option
\n(Select all that applies) 0 Via email to the assessor.
\n0 Handing in of the physically printed report to assessor after submitting completed workbook.
\n0 Submission along with the completed workbook.
\nRequired Awesome Landscapes Resource(s)
\n(Include the style guide to be used)
\nManual or user guide accessed or used
\nOutput details
\nTitle of Output
\nNumber of Files Required
\n(Excluding planning document and photos)
\nNumber of Pages to be Printed
\nWill this file use macros? 0 Yes
\n0 No
\nWill automation make work more efficient? 0 Yes
\nWhat functions can be automated?
\n0 No
\nOther comments
\nLink to uploaded document
\nAfter planning, proceed to create the pivot table in the tab \u2018Pivot Table\u2019 within the Excel file you previously downloaded by taking note of the following:
\nThe sales totals must be clearly summarised by area, product, and month.
\nFormat the pivot table according to the Awesome Landscapes Style Guide. You can access it here.
\nYou are at liberty as to which categories will be used as rows and columns.
\nArrange the row labels either alphabetically or chronologically.
\nAdd this title to the pivot table:
\nSales Figures as of June 2016
\nAfter that, do the following accordingly:
\nSave the file locally to your computer as
\nBSBITU402-Part 2-Task 2-Sales Summary.
\nUpload the file you saved in (a) to the online storage you chose. Provide a link to the uploaded document and ensure that it is accessible by your assessor. This is for backup purposes.
\nPreview the file for printing and ensure that it fits and is readable on a white A4 size paper. Adjust printing specifications, if necessary. Print the file. You may use more than one (1) sheet of paper, so all data in your document are printed.
\nNote: Your assessor will take note of the date and time when this document was last modified. Ensure that you complete Task 3 \u2013 Quality Audit Report, not more than seven (7) working days after this date.
\nTask 3 \u2013 Quality Audit Report
\nAwesome Landscapes is part way through their project to build the Cascade Peak Walkway, a 2330m boardwalk through the Cascade Peak National Park, for the Cascade Peak Shire Council.
\nAs part of their quality control obligations, they are required to conduct a quality audit of the first section of the boardwalk and prepare a Quality Audit Report for the council.
\nThe business manager has received the quality audit data and needs the following additional statistical data analyses to assist in producing the quality audit report:
\nAverage height for each handrail measuring over 1060mm*
\nStandard deviation for the height of each handrail over the 1100m section
\nMinimum heights for each handrail at and beyond the 1100m section
\nMaximum heights for each handrail at and beyond the 1100m section
\nNumber of instances the height of each handrail is outside of the height range specified in the minutes
\nAverage gap between the slats at and over the 1100m section*
\nStandard deviation for the gap between the slats and over the 1100m section*
\nMinimum slat gaps throughout the boardwalk
\nMaximum slat gaps throughout the boardwalk
\nNumber of instances where the gap between the slats falls outside of the gap range specified in the minutes
\n*Three (3) decimal places must be used.
\nYou must use Excel appropriate functions in creating this report.
\nYou will need to download the following documents to create the spreadsheet:
\nBSBITU402 Cascade Peak Walkway Audit Measurements
\nBSBITU402 Cascade Peak Walkway Meeting Minutes
\nNote: You are required to complete the Quality Audit Report in no more seven (7) working days after completing Task 2 \u2013 Sales Summary. Your assessor will take note of the date and time when your documents were last modified.
\nBefore you proceed with completing the Quality Audit Report, you need to use a Planning Document to analyse and evaluate the task and guide you through the process.
\nA Planning Document template is provided in the Appendix section of this workbook which you can access here.
\nYou might want to research how to use functions in Excel using an online or actual manual or user guide. Include this information in the Planning Document section \u2018Manual or user guide accessed and used\u2019.
\nIf the manual or user guide is:
\nAccessed online, include the link to the website or the file.
\nAn actual manual or user guide, include the title of the manual, the author and the year of publication.
\nSave and submit the completed planning document along with this workbook as shown below:
\nBSBITU402-Case Study Part 2-Task 3 Planning Document<\/p>\n
Planning Document
\nName
\nPosition
\nRequired Output(s)
\nAssessor
\nDue Date
\nDate Today
\nSoftware to be used
\nFile Storage 0 Computer or other hardware
\n0 Online storage
\nLocation (Dropbox, Google Drive, etc.):
\nPresentation Option
\n(Select all that applies) 0 Via email to the assessor.
\n0 Handing in of the physically printed report to assessor after submitting completed workbook.
\n0 Submission along with the completed workbook.
\nRequired Awesome Landscapes Resource(s)
\n(Include the style guide to be used)
\nManual or user guide accessed or used
\nOutput details
\nTitle of Output<\/p>\n
Number of Files Required
\n(Excluding planning document and photos) 1
\nNumber of Pages to be Printed
\nWill this file use macros? 0 Yes
\n0 No
\nWill automation make work more efficient? 0 Yes
\nWhat functions can be automated?
\n0 No
\nOther comments<\/p>\n
After the preparation of the Planning Document, refer to the following documents to proceed with the task. You need to access and download the documents below:
\nBSBITU402 Cascade Peak Walkway Audit Measurements
\nBSBITU402 Cascade Peak Walkway Meeting Minutes
\nto complete the Quality Audit Report.
\nGoing back to the details in the introduction of Task 3, the Quality Audit Report needs additional requirements as listed on page 37.
\nTo compute requirements a-j, you would have to use the appropriate Excel functions. You need to analyse which function is appropriate to use to compute for the specific requirements. The functions you are to use include:
\nAVERAGE
\nAVERAGEIF
\nSTDEV
\nMIN
\nMAX
\nCOUNTIF, and
\nCOUNTIFS
\nDo the following:
\nOn a new tab on the same worksheet of the file BSBITU402 Cascade Peak Walkway Audit Measurements, construct the table for the additional requirements.
\nProvide the figures for the second column by using the different Excel functions as appropriate to the requirement. Remember to take note of the data in the Audit Measurements of the Walkway and the Meeting Minutes.
\nShould the computed figures have decimal places, use up to three (3) decimal places.
\nThe table should be similar to the one below.
\nQuality Audit Report (mm)
\na) Average height for each handrail measuring over 1060mm
\nb) Standard deviation for the height of each handrail over the 1100m section
\nc) Minimum height for the handrails at and beyond the 1100m section
\nd) Maximum height for the handrails at and beyond the 1100m section
\ne) Number of instances the height of each handrail is outside of the height range specified in the minutes
\nf) Average gap between the slats at and over the 1100m section
\ng) Standard deviation for the gap between the slats and over the 1100m section
\nh) Minimum slat gaps throughout the boardwalk
\ni) Maximum slat gaps throughout the boardwalk
\nj) Number of instances where the gap between the slats falls outside of the gap range specified in the minutes
\nMake sure that the table is properly labelled as:
\nQuality Audit Report
\nFormat this table according to the Awesome Landscapes Style Guide. You can access it here.
\nAfter that, do the following accordingly:
\nSave the file locally to your computer as
\nBSBITU402-Part 2-Task 3-Quality Audit Report.
\nUpload the file you saved in (a) to the online storage you chose. Provide a link to the uploaded document and ensure that it is accessible by your assessor. This is for backup purposes.
\nPreview the file for printing and ensure that it fits and is readable on a white A4 size paper. Adjust printing specifications, if necessary. Print the file. You may use more than one (1) sheet of paper, so all data in your document are printed.
\nNote: Your assessor will take note of the date and time when this document was last modified. Ensure that you complete Task 3 \u2013 Quality Audit Report, not more than seven (7) working days after this date.
\nThe file must be uploaded not more than seven (7) working days after you have completed Task 1 \u2013 Sales Summary.
\nThe next tasks, Task 4, 5, 6, and 7 must be completed not more than ten (10) working days after completing the Quality Audit Report.<\/p>\n","protected":false},"excerpt":{"rendered":"
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