Unit of competency Outline
Date retreived
21/07/2026 11:18 PM AWST
21/07/2026 11:18 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
FNSORG508A
FNSORG508A
State Code
D4269
D4269
TGA Status
Replaced
Replaced
DTWD Status
Replaced
Replaced
State Implementation and Classification
Approved Date
31/07/2014
Field of Education
080399 - Business And Management, N.e.c.
Original Release Date
31/07/2014
Nominal Hours
40
Description
This unit describes the performance outcomes, skills and knowledge required to analyse and comment on management reports. It involves establishing items that require analysis and analysing identified components using high level strategic analysis skills as well as framing recommendations for action to achieve business forecasts or expected outcomes.No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement.
Notes
Elements and Performance Criteria
1. Establish items that require analysis
- 1.1. Content of reports is reviewed to identify abnormal or unusual items, exceptions and variations for comment
2. Analyse components identified
- 2.1. Actual results are compared to forecast or expected outcomes to identify items requiring further examination
- 2.2. All information is obtained on identified items to allow a report to be prepared
3. Report on findings
- 3.1. Outcomes, results and variances are fully explained to satisfy management questions
- 3.2. Recommendations on action required are made and documented in accordance with company requirements
- 3.3. Outstanding matters are recorded to enable follow-up action to be instituted
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.
Expected outcomes may include:
predicted outcomes
planned movements in results.
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.
Expected outcomes may include:
predicted outcomes
planned movements in results.
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:
establish business items that require analysis
analyse components within reports and evaluate for comment and correction where necessary.
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 an integrated financial software system and data
access to organisational policies and procedures documentation.
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
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:
establish business items that require analysis
analyse components within reports and evaluate for comment and correction where necessary.
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 an integrated financial software system and data
access to organisational policies and procedures documentation.
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
evaluating samples of work
accessing and validating third party reports.
Guidance information for assessment
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| AUS39 | FNSORG508 | Analyse and comment on management reports | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| D725 | FNS51811 | Diploma of Financial Services | Qualification |
| J839 | PSP41912 | Certificate IV in Government (School Support Services) | Qualification |
| D728 | FNS60811 | Advanced Diploma of Integrated Risk Management | Qualification |
| D721 | FNS50811 | Diploma of Integrated Risk Management | Qualification |
| J296 | PSP42012 | Certificate IV in School Support Services | Qualification |