C5343 - Diploma of Financial Planning
Plan: C5343FLEX - Diploma of Financial Planning
Campus: City Campus
Learning outcomesStatement on competency-based training
Statement on competency-based training
This nationally recognised vocational education and training (VET) qualification is competency-based. This means that it is designed to enable you to develop the practical skills and knowledge (competency) needed to perform the duties and tasks in the job you are training for. Assessment in a competency-based program is about being able to demonstrate that you have developed these practical skills and areas of knowledge, and that you can perform at the standard required in the job. This could involve showing an assessor how you plan and carry out tasks, and explaining to the assessor how you know what you are doing. It could also involve completing a project and presenting a report on the process and outcomes. If you are working, your work supervisor may provide the assessor with a report on your competency.
You may be eligible for credit towards courses in your program if you have already met the learning/competency outcomes through previous learning.
To be eligible for credit towards a course, you must demonstrate that you have already completed learning that is:
- current (and cannot have been completed more than 10 years prior to your application)
- satisfies the learning/competency outcomes of the course.
Your previous learning that satisfies these requirements might have been formal, informal, or non-formal. This determines what type of credit you should apply for:
|Type of Learning||What you can apply for|
|Learning completed as part of a formal accredited qualification such as vocational Certificates, Diploma, Advanced Diploma or Skill Set. Units that you are applying for must be listed as equivalent in the Training Package for the respective qualification.||
Apply for Credit Transfer
Learning through a structured program that is not part of an accredited qualification, e.g. degree program, professional development courses offered by an employer.
Apply for Recognition of Prior Learning (RPL)
Learning that is not part of a structured program but is acquired through work or life experience, e.g. skills acquired through work or volunteering.
Apply for Recognition of Prior Learning (RPL)
If your previous study was a Vocational Education (TAFE) or Higher Education program at RMIT University, you do not need to submit any supporting documentation.
If your previous study was undertaken with RMIT Training or with another institution you must submit documentation to support your application. This documentation may include:
- a certified copy of an Academic Transcript with final grades for Higher Education studies
- a certified copy of a Statement of Attainment for any completed TAFE studies.
- Course outlines showing content, learning outcomes and assessment requirements; and an explanation of the grading structure used.
More information on Credit Transfers can be located at the following URL: http://www1.rmit.edu.au/students/enrolment/credit
Recognition of Prior Learning (RPL)
Evidence consists of products or items that you can provide or processes you can demonstrate to an assessor so they can judge whether you are competent. Evidence can be in many forms, for example:
- a demonstration of your skill
- third party reports (e.g. from your supervisor or work colleagues)
- training certificates or training program information
- examples of work that you have produced
Your assessor will help you decide what type of evidence is needed. They will also help you to source evidence that meets the relevant standard as set out in the unit of competence and is:
- sufficient or enough
- current i.e. you still have the skill
- authentic i.e. genuinely yours.
You may be required to put the evidence together in a portfolio but this depends on the nature of the evidence and the skills being assessed. In some cases, workplace demonstrations will be sufficient evidence.
More information on RPL can be located at the following URL: http://www1.rmit.edu.au/students/enrolment/credit/tafe/rpl
If any of the evidence supporting your application is not in English, you must supply an English translation by a professional translator deemed acceptable to RMIT. RMIT reserves the right to refuse to accept a translation by a translator that it deems unacceptable.
More information on Credit Transfers and RPL can be located at the following URL: http://www1.rmit.edu.au/students/enrolment/creditTop of page
In addition to developing skills and knowledge for a particular job, this program also aims to help you to develop broad work skills, known as Foundation Skills.
Foundation skills are those core or essential skills we need to engage successfully in work and life. The term Foundation Skills is currently used to include the core skills defined in the Australian Core Skills Framework (ACSF) as well as the employability skills identified by employers as critical for effective performance in the workplace. The core skills of the ACSF include reading, writing, oral communication, numeracy and learning.
Employability skills are part of a framework called Core Skills for Work (CSfW)they are grouped under three Skill Clusters that are essential for individuals to participate effectively in our society:
Cluster 1 - Navigate the world of work
a. Manage career and work life
b. Work with roles, rights and protocols
Cluster 2 - Interact with others
a. Communicate for work
b. Connect and work with others
c. Recognise and utilise diverse perspectives
Cluster 3 - Get the work done
a. Plan and organise
b. Make decisions
c. Identify and solve problems
d. Create and innovate
e. Work in a digital world
Foundation Skills are in the units of competency in your program. When you demonstrate that you are competent in your particular job skills and knowledge, you are also demonstrating that you have developed relevant foundation skills for further learning and work.Top of page
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