The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!
From the Wiki University
What evidence can you provide to prove your understanding of each of the following citeria?
Assess the capital needs of the business
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Determine working capital and capital requirements for development Completed |
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Determine return on capital or opportunity cost of development capital Completed |
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Assess appropriate equity levels for the business
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Assess risks associated with the business Completed |
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Identify personal and business risk preferences Completed |
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Analyse equity levels in comparable enterprises using benchmark data Completed |
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Establish and maintain appropriate financing arrangements for the business
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Determine capacity to service debt and meet liabilities Completed |
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Sources of funds are identified and terms and conditions compared and evaluated Completed |
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Conduct negotiations to ensure the establishment of the most favourable terms and conditions Completed |
Evidence:
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Source loan funds and check agreements Completed |
Evidence:
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Monitor costs of finance to keep them within defined budget limits Completed |
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Manage relationships with finance providers Completed |
Evidence:
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Monitor the economic environment and assess implications for the business Completed |
Evidence:
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Monitor and review the mix of liabilities
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Conduct regular reviews of the mix of liabilities and the costs and determine the benefits associated with reconfiguring loans Completed |
Evidence:
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Review and renegotiate loans as appropriate Completed |
Evidence:
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Monitor equity, return on equity
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Review valuations on assets and monitor the effect on equity Completed |
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Calculate returns on assets and returns on equity and use to assist business performance Completed |
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