UNIT

FNSACC609Evaluate financial risk

Release 3Current

Modification History

Release

Comments

Release 3

This version first released with FNS Financial Services Training Package Release 8.1.

Pre-requisite unit updated.

Release 2

This version first released with FNS Financial Services Training Package Version 3.1

Update to pre-requisite unit code

Application

This unit describes the skills and knowledge required to assess financial risk and exposure, analyse financial histories and establish processes to minimise risks associated with an organisation’s cash flow or assets and securities.

It applies to experienced individuals with specialised knowledge who use well-developed analytical skills and systematic approaches to manage and mitigate risk in their area of responsibility.

Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.

Pre-requisite Unit

FNSACC521

Provide financial and business performance information

Unit Sector

Accounting

Unit Mapping Information

Code and title

current version

Code and title

previous version

Comments

Equivalence status

FNSACC609 Evaluate financial risk

FNSACC609A Evaluate financial risk

Updated to meet Standards for Training Packages

Minor edits to clarify intent of element

Prerequisite updated

No equivalent unit

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe

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