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Perform Financial Calculations

MAPPING MATRIX

UNIT OF COMPETENCY STANDARDS REFERENCE
1.1 Obtain input data and verify as required for workplace All Practical Applications
calculations
1.2 Determine required outcomes of calculations and confirm Solutions provided for
from task specifications assessors
1.3 Acquire resources and equipment needed to perform All Practical Applications
calculations effectively
1.4 Use simple spreadsheets where necessary to perform PP 14-15
repeated calculations
2.1 Identify and obtain equipment required to perform All Practical Applications;
calculations, including hand-held calculators PP 5-9
2.2 Select method suitable for required calculations All Practical Applications
2.3 Perform financial calculations to complete work requirements All Practical Applications
using techniques suited to selected method
3.1 Check results to confirm that calculations are accurate and Solutions provided for
meet required outcomes, and identify and correct routine assessors
computational errors
3.2 Record calculation results according to organisational All Practical Applications
requirements Policy and Procedure
Manual
3.3 Store or electronically file calculation worksheets for future PP 12-13
use according to organisational policy and procedures

SKILL FOUNDATION SKILLS STANDARD​ REFERENCE*

Reading Interprets instructions and carefully analyses information All Practical
for errors and discrepancies Applications; Policy and
Procedure Manual
Writing Records information accurately using correct spelling, All practice activities
grammar and conventions
Numeracy Performs mathematical calculations accurately,
including:
● addition, subtraction, multiplication, division PP 3-4; 5-6
● percentages, P 5; P 7
● fractions, P 4; P 8
● decimals and P 6; 8
● straight line graphs PP 9 - 11

to undertake financial computations
Navigate Follows organisational protocols, policies and Policies and Procedures
the world procedures relevant to own role Manual
of work All Practical Applications
Get the Plans, organises and implements tasks according to Policies and Procedures
work done organisational requirements Manual
All Practical Applications
Uses the main features and functions of digital tools to PP 5 – 11
complete work tasks PP 12 – 14

ASSESSMENT REQUIREMENTS

Anne Bowden ©2019
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