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FNSINC401 Apply principles of professional
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Table of Contents
Table of Contents 2
Assessment Information 3
Assessment Instructions 5
Student Assessment Agreement 7
Assessment Task 1 Cover Sheet 9
Assessment Task 1: Written Questions 11
Assessment Task 1 Instructions 13
Assessment Task 1 Checklist 18
Assessment Task 2 Cover Sheet 19
Assessment Task 2: Sustainability project 21
Assessment Task 2 Instructions Error! Bookmark not defined.
Assessment Task 2 Checklist Error! Bookmark not defined.
Assessment Task 3 Cover Sheet 28
Assessment Task 3: Plan work priorities project 30
Assessment Task 3 Instructions 32
Assessment Task 3 Checklist 34
Assessment Task 4 Cover Sheet 35
Assessment Task 4: Professional development planning 37
Assessment Task 4 Instructions 38
Assessment Task 4 Checklist 39
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Assessment Information
The assessment tasks for FNSINC401 Apply principles of professional practice to work in the financial services industry are included in this Student Assessment Tasks booklet and outlined in the assessment plan below.
To be assessed as competent for this unit, the student must complete all of the assessment tasks satisfactorily.
Assessment Plan
Assessment Task Overview
Written questions Students must correctly answer all questions.
2. Sustainability project Students must research sustainability practices and meet with their team to share
3. Work priorities project Students must establish work priorities and create a weekly schedule.
4. Professional development presentation Students must identify and report on professional development priorities.
Assessment Preparation
Please read through this assessment thoroughly before beginning any tasks. Ask your assessor for clarification if you have any questions at all.
When you have read and understood this unit’s assessment tasks, print out the Student Assessment Agreement. Fill it out, sign it, and hand it to your assessor, who will countersign it and then keep it on file.
Keep a copy of all of your work, as the work submitted to your assessor will not be returned to you.
Assessment appeals
If you do not agree with an assessment decision, you can make an assessment appeal as per your RTO’s assessment appeals process.
Students have the right to appeal the outcome of assessment decisions if they feel they have been dealt with unfairly or have other appropriate grounds for an appeal.
Additional Resources
The following resources will be given to you before you begin each Assessment Task. Assessment Task 2
• Sustainability Policy
Assessment Task 4
• Professional Development Plan Template
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Assessment Instructions
Each assessment task in this booklet consists of the following: Assessment Task Cover Sheet
This must be filled out, signed and submitted together with your assessment responses.
If you are submitting hardcopy, the Cover Sheet should be the first page of each task’s submission.
If you are submitting electronically, print out the cover sheet, fill it out and sign it, then scan this and submit the file.
The Assessment Task Cover Sheet will be returned to you with the outcome of the assessment, which will be satisfactory (S) or unsatisfactory (U). If your work has been assessed as being not satisfactory, your assessor will include written feedback in the Assessment Task Cover Sheet giving reasons why. Your assessor will also discuss this verbally with you and provide advice on re-assessment opportunities as per your RTO’s re-assessment policy.
Depending on the task, this may include
· resubmitting incorrect answers to questions (such as short answer questions and case studies)
· resubmitting part or all of a project, depending on how the error impacts on the total outcome of the task
· redoing a role play after being provided with appropriate feedback about your performance
· being observed a second (or third time) undertaking any tasks/activities that were not satisfactorily completed the first time, after being provided with appropriate feedback.
Assessment Task Information
This gives you:
· a summary of the assessment task
· information on the resources to be used
· submission requirements
· re-submission opportunities if required
Assessment Task Instructions
These give questions to answer or tasks which are to be completed.
Your answers need to be typed up using software as indicated in the Assessment Task Instructions.
Copy and paste each task’s instructions into a new document and use this as the basis for your assessment task submission. Include this document’s header and footer.
If you are submitting electronically, give the document a file name that includes the unit identification number, the task number, your name and the date.
Checklist
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
This will be used by your assessor to mark your assessment. Read through this as part of your preparation before beginning the assessment task. It will give you a good idea of what your assessor will be looking for when marking your responses.
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Student Assessment Agreement
Make sure you read through the assessments in this booklet before you fill out and sign the agreement below.
If there is anything that you are unsure of, consult your assessor prior to signing this agreement.
Have you read the assessment requirements for this unit? El Yes El No
Do you understand the requirements of the assessments for this unit? El Yes El No
Do you agree to the way in which you are being assessed? El Yes El No
you have any specific needs
should be considered?
explain these in
the space below.
Do you understand your rights to re-assessment? El Yes El No
Do you understand your right to appeal the decisions made in an assessment? El Yes El No
Student name
Student number
Student signature
Date
Assessor name
Assessor signature
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Date
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Assessment Task 1 Cover Sheet
Student Declaration
To be filled out and submitted with assessment responses
fl I declare that this task is all my own work and I have not cheated or plagiarised the work or colluded with any other student(s).
fl I understand that if I If I am found to have plagiarised, cheated or colluded, action will be taken against me according to the process explained to me.
fl I have correctly referenced all resources and reference texts throughout these assessment tasks.
Assessor declaration
fl I hereby certify that this student has been assessed by me and that the assessment has been carried out according to the required assessment procedures.
Assessor name
Assessor signature
Date
Assessment outcome S NS DNS Resubmission Y N
Feedback
Student result response
fl My performance in this assessment task has been discussed and explained to me. fl I would like to appeal this assessment decision.
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Student signature Date
A copy of this page must be supplied to the office and kept in the student’s file with the evidence.
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
Assessment Task 1: Written Questions
Task summary
This is an open book test.
Students need to answer all of the written questions correctly.
Answers must be word processed and sent to your assessor as an email attachment.
Required
Access to textbooks/other learning materials Computer and Microsoft Office
Access to the internet
Timing The assessor will advise you of the due date of this submission.
Write in the due
date below as advised by your assessor:
Submit
Answers to all questions
Assessment criteria
All questions must be answered correctly in order for a student to be assessed as having completed the task satisfactorily.
Re-submission opportunities
Students will be provided feedback on their performance by their Assessor. The feedback will indicate if you have satisfactorily addressed the requirements of each part of this task.
If any parts of the task are not satisfactorily completed your assessor will explain why and provide you written feedback along with guidance on what you must undertake to demonstrate satisfactory performance. Re-assessment attempt(s) will be arranged at a later time and date.
Students have the right to appeal the outcome of assessment decisions if they feel they have been dealt with unfairly or have other appropriate grounds for an appeal.
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Students are encouraged to consult with their assessor prior to attempting this task if they do not understand any part of this task or if they have any learning issues or needs that may hinder them when attempting any part of the assessment.
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Written answer question guidance
The following written questions use a range of “instructional words” such as “identify” or “explain”, which tell you how you should answer the question. Use the definitions below to assist you to provide the type of response expected.
Note that the following guidance is the minimum level of response required.
Analyse – when a question asks you to analyse something, you should do so in in detail, and identify important points and key features. Generally, you are expected to write a response one or two paragraphs long.
Compare – when a question asks you to compare something, you will need to show how two or more things are similar, ensuring that you also indicate the relevance of the consequences. Generally, you are expected to write a response one or two paragraphs long.
Contrast – when a question asks you to contrast something, you will need to show how two or more things are different, ensuring you indicate the relevance or the consequences. Generally, you are expected to write a response one or two paragraphs long.
Discuss – when a question asks you to discuss something, you are required to point out important issues or features, and express some form of critical judgement. Generally, you are expected to write a response one or two paragraphs long.
Describe – when a question asks you to describe something, you should state the most noticeable qualities or features. Generally, you are expected to write a response two or three sentences long.
Evaluate – when a question asks you to evaluate something, you should do so putting forward arguments for and against something. Generally, you are expected to write a response one or two paragraphs long.
Examine – when a question asks you to examine something, this is similar to “analyse”, where you should provide a detailed response with key points and features and provide critical analysis. Generally, you are expected to write a response one or two paragraphs long.
Explain – when a question asks you to explain something, you should make clear how or why something happened or the way it is. Generally, you are expected to write a response two or three sentences long.
Identify – when a question asks you to identify something, this means that you are asked to briefly describe the required information. Generally, you are expected to write a response two or three sentences long.
List – when a question asks you to list something, this means that you are asked to briefly state information in a list format.
Outline – when a question asks you to outline something, this means giving only the main points, Generally, you are expected to write a response a few sentences long.
Summarise – when a question asks you to summarise something, this means (like “outline”) only giving the main points. Generally, you are expected to write a response a few sentences long.
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Assessment Task 1 Instructions
Provide answers to all of the questions below:
1. Discuss the Kyoto Protocol and Australia’s obligations under the Protocol, as well as its current targets and the adequacy of these targets.
2. Discuss the purpose of the Environment Protection and Biodiversity Conservation (EPBC) Act 1999 and the associated Regulations.
3. Discuss the purpose and scope of the Australian Packaging Covenant voluntary code of practice.
4. Discuss why an accountancy business may choose to adopt an environmental management system.
5. Outline four main sectors of the financial services industry. Choose at least two of the sectors you have identified and explain the interrelationship between each of the sectors and how this
6. Identify three examples of external factors that can impact on the operations of the financial services industry. For each example you identify, explain how this factor impacts on operations of the financial services industry.
7. Outline the main roles and responsibilities of a bookkeeper and of an accountant. Include at least five key roles and responsibilities for each.
8. Explain three ethical principles that bookkeepers or accountant should use to guide their conduct in all aspects of business operations.
9. Explain how having policies and procedures that address customer service assists in maintaining customer loyalty to a bookkeeper or accountant.
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
10. Explain why is important for organisations to have confidentiality/privacy policies and procedures in place and what a bookkeeper or accountant needs to be aware of when dealing with personal information.
11. Identify and brief describe an accounting system that a company may use.
12. Outline three areas that an organisation must address in regard to procedures around collection of personal information of employees to ensure it complies with the Australian Privacy principles.
13. According to the Corporations Act, how long should business records be retained? What happens if a business does not retain required records?
14. Explain the key obligations of a credit provider under the National Credit Act.
15. Explain the key requirements of the Financial Transaction Reports Act for an accountant who meets the definition of a cash dealer.
16. As per Accounting Standard AASB 101 Presentation of Financial Statements explain components of a financial report giving a brief description of each.
17. Explain the concept of triple bottom line and the usefulness for companies of adopting this approach.
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Assessment Task 1 Checklist
Student’s name:
Did the student provide a sufficient and clear answer that addresses the suggested answer for: Completed successfully Comments
Yes No
Question 1
Question 2
Question 3
Question 4
Question 5
Question 6
Question 7
Question 8
Question 9
Question 10
Question 11
Question 12
Question 13
Question 14
Question 15
Question 16
Question 17
Task Outcome: Satisfactory • Not Satisfactory •
Assessor signature
Assessor name
Date
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Assessment Task 2 Cover Sheet
Student Declaration
To be filled out and submitted with assessment responses
fl I declare that this task is all my own work and I have not cheated or plagiarised the work or colluded with any other student(s).
fl I understand that if I If I am found to have plagiarised, cheated or colluded, action will be taken against me according to the process explained to me.
fl I have correctly referenced all resources and reference texts throughout these assessment tasks.
Assessor declaration
fl I hereby certify that this student has been assessed by me and that the assessment has been carried out according to the required assessment procedures.
Assessor name
Assessor signature
Date
Assessment outcome S NS DNS Resubmission Y N
Feedback
Student result response
fl My performance in this assessment task has been discussed and explained to me. fl I would like to appeal this assessment decision.
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Student signature Date
A copy of this page must be supplied to the office and kept in the student’s file with the evidence.
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Assessment Task 2: Sustainability project
Task summary
This task requires you to develop and prepare, a short presentation to be included in the staff induction about the policy, as well as sustainability facts and figures and the benefits of embracing sustainability.
Required
· Access to a computer with PowerPoint software and Internet access
· Sustainability Policy
· Meeting space
· Projector
· Roleplay participants (assessor and students)
Timing
The assessor will advise you of the due date of this submission.
Write in the due date
below as advised by your assessor:
Submit
· Email to your assessor with your PowerPoint presentation attached
· Email to your assessor containing a report on the meeting outcomes
Assessment criteria
Students must complete all of the activities listed and will be assessed against the assessment criteria included in the checklist included with this task.
Re-submission opportunities
Students will be provided feedback on their performance by their Assessor. The feedback will indicate if you have satisfactorily addressed the requirements of each part of this task.
If any parts of the task are not satisfactorily completed your assessor will explain why and provide you written feedback along with guidance on what you must undertake to demonstrate satisfactory performance. Re-assessment attempt(s) will be arranged at a later time and date.
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Students have the right to appeal the outcome of assessment decisions if they feel they have been dealt with unfairly or have other appropriate grounds for an appeal.
Students are encouraged to consult with their assessor prior to attempting this task if they do not understand any part of this task or if they have any learning issues or needs that may hinder them when attempting any part of the assessment.
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Assessment Task 2 Instructions
Carefully read the following:
Aus Accountancy is a large accountancy firm with 25 staff, ranging from senior management staff to administration staff. The company currently has one office located in Sydney.
The company has recently committed to introducing environmental sustainability practices into all of its operations. As a first step, a new sustainability policy has been developed and, as the leader of a small team of bookkeepers and accountants, you are required to provide information about the new policy, as well as develop a presentation about the importance of sustainability.
Complete the following activities:
1. Conduct research
The first part of the assessment requires you to review the organisation’s new sustainability policy, as well as conduct research about sustainability. Your review and research will inform the development of your sustainability presentation.
To develop your presentation, research and make notes on the following:
• The importance of sustainable practices at work in the context of an accounting firm • Sustainability facts and figures to add interest to the presentation
• Sources of information on sustainability for business that can be used to assist with sustainability practices
• The range of sustainability strategies/actions that can be adopted in a workplace. Identify at least three specific sustainability actions a business could take to discuss with your team. Note that you will also be brainstorming ideas for sustainability actions with your team so your presentation should allow for this.
• The concept of triple bottom line principles and relevance to sustainability and workplace practices
2. Prepare a PowerPoint presentation.
The presentation should have a minimum of 8 PowerPoint slides, and should address the required content as indicated above. It should also as an introduction provide a brief outline of the new sustainability policy which outlines the organisation’s commitment to sustainability. The slides should include graphics such as tables, charts, or images to add interest to your presentation.
Use the notes section of the PowerPoint program to help you remember content when you present your presentation.
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Send your completed presentation to your assessor via email. Your assessor will advise you of the date and time of your presentation, as well as the names of the students who will attend.
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
3. Deliver presentation
Using the PowerPoint presentation that you have developed, deliver a presentation to staff. Your assessor will be present as one of the staff members, and will also organise another 2 students to attend the presentation in the role of team members.
Introduce your presentation, including its purpose and outline of content to be delivered. Advise your team that they will be able to ask questions during and at the end of the presentation and may offer suggestions for additional strategies.
Clearly deliver presentation content using the PowerPoint slides that you have developed.
Ask your team to share their ideas too regarding sustainability actions. You should demonstrate
respectful behaviour by listening to everyone’s ideas and acknowledging these ideas even if
you do not agree with them.
During and after the presentation, demonstrate effective communication skills including:
• Speaking clearly and concisely
• Repeating information to confirm concepts
• Respond to questions respectfully and clearly
You should also demonstrate your ability to be a positive role model through clear presentation of information and clear commitment to sustainability.
4. Report on the meeting
Following the meeting, write an email to your team (your assessor) summarising key outcomes of the presentation, as well as giving positive feedback to your team about their contributions.
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Assessment Task 2 Checklist
Student’s name:
Did the student: Completed successfully Comments
Yes No
Review and report on organisational sustainability policy and procedure?
Research and analyse sustainability information and develop a presentation that addresses all of the following and to ensure promotion of sustainability:
• The importance of sustainable practices at work
in the context of an accounting firm
• Sustainability facts and figures
• Sources of information on sustainability for
business that can be used to assist with sustainability practices
• At least three sustainability strategies/actions
that can be adopted in a workplace.
• The concept of triple bottom line principles and
relevance to sustainability and workplace practices
Promote environmental sustainability to the team through delivery of a presentation?
Encourage team to input ideas on sustainability actions?
Demonstrate effective communication skills, including speaking clearly and concisely, asking and responding to questions and active listening techniques to confirm or clarify information?
Demonstrate the ability to be a positive role model through clear presentation of information and clear commitment to sustainability?
Develop a meeting report that outlines sustainability actions discussed and indicates that the team’s contributions are valued?
Task Outcome: Satisfactory • Not Satisfactory •
Assessor signature
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Student’s name:
Did the student: Completed successfully Comments
Yes No
Assessor name
Date
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Assessment Task 3 Cover Sheet
Student Declaration
To be filled out and submitted with assessment responses
fl I declare that this task is all my own work and I have not cheated or plagiarised the work or colluded with any other student(s).
fl I understand that if I If I am found to have plagiarised, cheated or colluded, action will be taken against me according to the process explained to me.
fl I have correctly referenced all resources and reference texts throughout these assessment tasks.
Assessor declaration
fl I hereby certify that this student has been assessed by me and that the assessment has been carried out according to the required assessment procedures.
Assessor name
Assessor signature
Date
Assessment outcome S NS DNS Resubmission Y N
Feedback
Student result response
fl My performance in this assessment task has been discussed and explained to me. fl I would like to appeal this assessment decision.
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Student signature Date
A copy of this page must be supplied to the office and kept in the student’s file with the evidence.
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Assessment Task 3: Plan work priorities project
Task summary
This assessment task requires you to select a job role of your choice in the financial service industry and to identify typical tasks for that role. You will then be required to research technologies/tool that can be used to manage work priorities, meet with your assessor to discuss your research and to create a weekly schedule using the tool and based on the tasks you have identified for the job role.
Required
• Computer and Microsoft Office
• Access to the internet for research
Timing
The assessor will advise you of the due date of this submission.
Write in the due date below as advised by your assessor:
Submit
• Email discussing task scheduling tools with your completed work schedule attached.
Assessment criteria
Students must complete all of the activities listed and will be assessed against the assessment criteria included in the checklist included with this task.
Re-submission opportunities
Students will be provided feedback on their performance by their Assessor. The feedback will indicate if you have satisfactorily addressed the requirements of each part of this task.
If any parts of the task are not satisfactorily completed your assessor will explain why and provide you written feedback along with guidance on what you must undertake to demonstrate satisfactory performance. Re-assessment attempt(s) will be arranged at a later time and date.
Students have the right to appeal the outcome of assessment decisions if they feel they have been dealt with unfairly or have other appropriate grounds for an appeal.
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
Version : 2.0 Last Updated : 07 May 2018 Next Update: 07 May 2019 Page 30 of 39

FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Students are encouraged to consult with their assessor prior to attempting this task if they do not understand any part of this task or if they have any learning issues or needs that may hinder them when attempting any part of the assessment.
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
Version : 2.0 Last Updated : 07 May 2018 Next Update: 07 May 2019 Page 31 of 39

FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Assessment Task 3 Instructions
Complete the following activities:
1. Using the Internet, research and choose a company that you would be interested in working for, as well as a job role within that company. The company and job role should be relevant to your course e.g. a bookkeeping or accountancy.
You will need to be able to access a position description and the company’s web site. Your assessor can provide you with assistance in identifying this information if you are having difficulty accessing such information.
2. Review the position description for the job role you have identified and write down, based on the position description, typical tasks for the job role. You should identify at least 15 tasks, all of which should be specific, for example, if you have selected a job role as an Accountant, the task may be to prepare budgets for a client.
3. Research technology and tools that managers can use to manage their work priorities. You should research at least three that you are able to describe and demonstrate how it assists in planning and prioritizing work.
4. Using one of the technologies you have researched, list of typical tasks for the job role, prepare a schedule for a typical week incorporating all of tasks you have identified for the role.
You will also need to show how during the week that you have factored in at least 30 minutes a
day for relaxation to ensure a work-life balance. This can be any activity you choose.
Assume your working hours are from 9 am to 5 pm with a 30-minute lunch break and that your travel time to work each day is 30 minutes by train. You should also include at least 2 x 2 hour slots during your week to catch up on jobs not completed, as well as one staff meeting of 2 hours.
5. Send an email to your assessor.
When you have completed the above tasks, send an email to your assessor discussing the research you conducted and technologies you have identified to assist managers in planning and prioritizing work tasks.
Your email should include:
• A discussion of each of the technologies and their usefulness
• Include the weekly schedule using one of the technologies that you have researched and that incorporates all of the tasks in the list provided by your assessor and including at least
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
30 minutes of relaxation time each day. Show how you have organized your week to reflect the priority of each job.
Attach the work schedule that you developed to the email.
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Assessment Task 3 Checklist
Student’s name:
Did the student: Completed successfully Comments
Yes No
Identify relevant tasks and priorities for the job role?
Plan schedule to achieve work tasks and priorities?
Use current technology to assist in planning own work schedule?
Task Outcome: Satisfactory • Not Satisfactory •
Assessor signature
Assessor name
Date
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Assessment Task 4 Cover Sheet
Student Declaration
To be filled out and submitted with assessment responses
fl I declare that this task is all my own work and I have not cheated or plagiarised the work or colluded with any other student(s).
fl I understand that if I If I am found to have plagiarised, cheated or colluded, action will be taken against me according to the process explained to me.
fl I have correctly referenced all resources and reference texts throughout these assessment tasks.
Assessor declaration
fl I hereby certify that this student has been assessed by me and that the assessment has been carried out according to the required assessment procedures.
Assessor name
Assessor signature
Date
Assessment outcome S NS DNS Resubmission Y N
Feedback
Student result response
fl My performance in this assessment task has been discussed and explained to me. fl I would like to appeal this assessment decision.
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
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FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Student signature Date
A copy of this page must be supplied to the office and kept in the student’s file with the evidence.
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
Version : 2.0 Last Updated : 07 May 2018 Next Update: 07 May 2019 Page 36 of 39

FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
Assessment Task 4: Professional development planning
Task summary
This assessment task requires you to develop a professional development plan.
Required
• Computer and Microsoft Office
• Access to the internet for research
• Professional Development Plan Template
Timing
The assessor will advise you of the due date of this submission.
Write in the due date below as advised by your assessor:
Submit
• Email to your assessor with your professional development plan attached
Assessment criteria
Students must complete all of the activities listed and will be assessed against the assessment criteria included in the checklist included with this task.
Re-submission opportunities
Students will be provided feedback on their performance by their Assessor. The feedback will indicate if you have satisfactorily addressed the requirements of each part of this task.
If any parts of the task are not satisfactorily completed your assessor will explain why and provide you written feedback along with guidance on what you must undertake to demonstrate satisfactory performance. Re-assessment attempt(s) will be arranged at a later time and date.
Students have the right to appeal the outcome of assessment decisions if they feel they have been dealt with unfairly or have other appropriate grounds for an appeal.
Students are encouraged to consult with their assessor prior to attempting this task if they do not understand any part of this task or if they have any learning issues or needs that may hinder them when attempting any part of the assessment.
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
Version : 2.0 Last Updated : 07 May 2018 Next Update: 07 May 2019 Page 37 of 39

FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Assessment Task 4 Instructions
Complete the following activities:
1. Consider your career aspirations in the financial services industry by researching the Internet to identify options.
For example, the following link provides information about the range of options: https://www.open.edu.au/careers/banking-financial-services
2. Identify a career option that interests you and research the skills and experience that are need for this career. You should also research any licensing requirements relevant to the position.
3. Develop a professional development plan
Based on the career you have selected, develop a professional development plan for that career option assuming that you have just entered that career and you wish to develop your skills and experience. Assume also that your workplace has given you a budget of maximum $1,000 to participate in the professional development opportunities. Note, however, that some professional development opportunities may be free of charge.
Use the Professional Development Plan Template to structure your document.
Use the professional development plan to document the following:
• Your personal and professional goals for the next 12 months based on having just entered the career you have identified.
• Three professional development priorities - for each of the priorities identified you will also need to provide the reason/s why you have identified this as a priority and by when you would like to address the priority.
• Three professional development activities that you feel would meet the priorities you have identified. These should be professional development activities that would be completed in the next 12 months.
4. Write an email to your assessor.
The text of the email should be in grammatically correct English, written in an appropriate (polite, business-like) style.
It should summarise the contents of the attachment.
Attach your professional development plan to the email.
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
Version : 2.0 Last Updated : 07 May 2018 Next Update: 07 May 2019 Page 38 of 39

FNSINC401 Apply principles of professional practice to work in the financial
services industry Student Assessment Tasks
Assessment Task 4 Checklist
Student’s name:
Did the student: Completed successfully Comments
Yes No
Identify and review personal professional development needs?
Identify skill and knowledge needs for preferred career option, as well as any licencing requirements?
Identify relevant professional development opportunities for the next 12 months to reflect needs and goals?
Task Outcome: Satisfactory • Not Satisfactory •
Assessor signature
Assessor name
Date
Australian Training School trading as Southern Academy of Business and Technology
Level 1 and 4 Bathurst Street Sydney NSW 2000 | Phone: 1300 852 205 | RTO Code: 31595 | CRICOS Provider Code: 03602E
FNSINC401 Apply principles of professional practice to work in the financial services industry Student Assessment Tasks
Version : 2.0 Last Updated : 07 May 2018 Next Update: 07 May 2019 Page 39 of 39