This unit describes the skills and knowledge required t to access, interpret and analyse statistical data relevant to the financial services industry. It encompasses producing new statistical information and reports from existing data using a range of tools and processes.  It applies to individuals with a thorough understanding of the sources of financial data, and statistical methods and techniques for analysis. It is a base unit on which other skills required for work in the financial services industry can be built. It may be applied in all sectors of the industry.

Unit details

Study level:
Vocational and further education (TAFE)
Unit code:
FNSINC602

Assessment

Assessment tasks will be designed to reinforce and extend knowledge and skill competence within set and controlled parameters in accordance with each competency unit's learning outcomes and performance criteria requirements, including the setting of project and work based practical application tasks designed to provide evidence of competence outcomes, within periodic and scheduled timelines. Students will be expected to demonstrate the following required skills: - apply statistical methods to work in the financial services industry; - source and access statistical and other data, and produce and interpret statistics; - use financial data tools and calculations to produce accurate and informative statistical reports from data, and; - efficiently record and store data for retrieval.Students will also be expected to demonstrate the following knowledge: - explain and apply mathematical principles and statistical methods; - describe the range of statistical ratios and analysis tools relevant to the financial services industry; - outline sources of relevant information available to the financial services industry, and their relevance; - recognise and explain types of graphs, charts, diagrams and tables used in statistical modelling and reporting, and; - explain the principles of statistical standards and sampling techniques that are used to gather valid data.

Where to next?

As part of a course

This unit is studied as part of the following courses. Refer to the course page for information on how to apply for the course.

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