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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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