FNSINC612 TASK 1

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School

TAFE NSW - Sydney Institute *

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Course

612

Subject

Statistics

Date

Feb 20, 2024

Type

docx

Pages

Uploaded by Marta20

1 Assessment Workbook Cover Sheet To the candidate: Print this cover sheet and complete it by filling in all the required information and signing in the space provided. Your signature must be handwritten. Scan the completed cover sheet and submit it along with your evidence submissions. Use the filename: FNSINC612 Cover Sheet Workbook FNSINC612 Title Interpret and use financial statistics and tools (Release 1) First and Last Name Phone Email Please read the Candidate Declaration below, and if you agree to the terms of the declaration, sign and indicate the date in the spaces provided. By submitting this work, I declare that:  I have been advised of the assessment requirements, have been made aware of my rights and responsibilities as an assessment candidate, and choose to be assessed at this time.  I am aware that there is a limit to the number of submissions that I can make for each assessment, and I am submitting all documents required to complete this Assessment Workbook.  I have organised and named the files I am submitting according to the instructions provided. I am aware that my assessor will not assess work that cannot be identified and may request the work be resubmitted according to the correct process.  This work is my own and contains no material written by another person except where due reference is made. I am aware that a false declaration may lead to the withdrawal of qualification or statement of attainment.  I am aware that there is a policy of checking the validity of qualifications that I submit as evidence, as well as the qualifications/evidence of parties who verify my performance or observable skills. I give my consent to contact these parties for verification purposes. Name: Signature: Date signed:

2 Knowledge Assessment 1. Complete the table below by: i. Explaining how the provided statistical ratios are used in the financial services industry. ii. Explaining how the provided statistical analysis methods are used in the financial services industry. Statistical ratio How this ratio is used in the financial services industry i. Current Ratio ii. Gross Margin Ratio Statistical analysis method How this method is used in the financial services industry i. Linear regression ii. Multivariate analysis

2. Complete the table below by: i. Describing how the statistical tools provided are used in the financial services industry ii. Describing how the statistical techniques provided are used in the financial services industry Statistical tool How this tool is used in the financial services industry i. Microsoft Excel ii. Statistical modelling software Statistical technique How this technique is used in the financial services industry i. Comparative financial statement analysis ii. Ratio analysis

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3. Briefly explain the relevance of each provided statistical standard in interpreting statistical data in the financial services industry. Industry statistical standard Relevance of this standard in interpreting statistical data in the financial services industry i. United Nations System of National Accounts (SNA) ii. Australian System of Government Finance Statistics: Concepts, Sources, and. Methods, Australia 2015 (AGFS15) 4. Outline the steps followed when verifying the currency of data. i. ii. iii. Add or remove fields as needed.

5. Outline the steps followed when verifying utility of data. i. ii. iii. Add or remove fields as needed. 6. Outline the steps followed when reporting analysis of statistical data. i. ii. iii. Add or remove fields as needed.

7. Explain how the listed mathematical principles of statistical standards are used in the financial services industry. Mathematical principles of statistical standards How this principle is used in the financial services industry i. Graphical displays ii. Descriptive statistics iii. Statistical associations

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8. Briefly explain how the listed sampling techniques are used to gather statistical data in the financial services industry. Sampling techniques How this technique is used to gather statistical data in the financial services industry i. Probability-based sampling ii. Non-probability based sampling 9. Briefly explain how the listed data validation techniques are used in the financial services industry. Data validation technique Explanation of how the data validation technique is used in the financial services industry i. Data type check ii. Data verification

10. Complete the table below by: i. Identifying three sources of information relevant to financial services industry ii. Providing the link to each source you identified iii. Explaining the relevance of the source of information to the financial services industry Sources of information relevant to the financial services industry Link to the source Relevance of this source of information to financial services industry i. ii. iii.

11. Review the provided photos representing the different types of graphs and complete the table below by: i. Identifying the type of graph in the photo ii. Briefly explaining how the identified type of graph is used in statistical modelling iii. Briefly explaining how the identified type of graph is used in statistical reporting i. Type of graph: ii. How this graph is used in statistical modelling: iii. How this graph is used in statistical reporting:

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i. Type of graph: ii. How this graph is used in statistical modelling: iii. How this graph is used in statistical reporting:

12. Review the provided photos representing the different types of charts and complete the table below by: i. Identifying the type of chart in the photo ii. Briefly explaining how the identified type of chart is used in statistical modelling iii. Briefly explaining how the identified type of chart is used in statistical reporting i. Type of chart: ii. How this chart is used in statistical modelling: iii. How this chart is used in statistical reporting:

i. Type of chart: ii. How this chart is used in statistical modelling: iii. How this chart is used in statistical reporting:

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13. Review the provided photos representing the different types of diagrams and complete the table below by: i. Identifying the type of diagram in the photo ii. Briefly explaining how the identified type of diagram is used in statistical modelling iii. Briefly explaining how the identified type of diagram is used in statistical reporting i. Type of diagram: ii. How this diagram is used in statistical modelling: iii. How this diagram is used in statistical reporting: Income approach Cost approach Sales approach

i. Type of diagram: ii. How this diagram is used in statistical modelling: iii. How this diagram is used in statistical reporting: Cash flow statements Cash flow from financing activities Issue of equity shares Redemption of debentures Cash flow from investing activities Sale/purchase of immovable property Renting on building Cash flow from operating activities Profit before tax Depreciation

14. Review the provided photos representing the different types of tables and complete the table below by: i. Identifying the type of table in the photo ii. Briefly explaining how the identified type of table is used in statistical modelling iii. Briefly explaining how the identified type of table is used in statistical modelling i. Type of table: ii. How this table is used in statistical modelling: iii. How this table is used in statistical reporting:

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Probability / Number of Years Mid-Size Company Large Company Yes 10 25 No 5 10 Total 15 35 i. Type of table: ii. How this table is used in statistical modelling: iii. How this table is used in statistical reporting:

3 Practical Assessment 3.1 Candidate Instructions The Practical Assessment is a set of tasks that must be completed in a workplace or in an environment with conditions similar to that of a real workplace. This assessment will help you demonstrate skill requirements relevant to interpreting and using financial statistics and tools. The Practical Assessment includes the following: Workplace Assessment A set of tasks or activities completed according to set instructions and guidelines to meet the requirements of the relevant unit. These tasks and activities require you to have access to a workplace or a similar environment.

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