Preparation for Oral Assignment - Desklib

Oral Assignment
Audio
Self Managed Superannuation Funds
(SMSF_OR_v4A1)
Student identification(student to complete)
Please complete the fields shaded grey.
Student number
Oral assignment result (assessor to complete)
Result — first submission (details for each activity are shown in the table below)
Parts that must be resubmitted
Result — resubmission (if applicable)
Result summary(assessor to complete)
Time First submission Resubmission (if required)
Preparation for
oral assignment Part 1: Preparation for oral assignment n.a. Not yet demonstrated Not yet demonstrated
Oral assignment Part 2: Oral response to questions 10 minutes Not yet demonstrated Not yet demonstrated
Part 3: Role play 10 minutes Not yet demonstrated Not yet demonstrated
Total time required 20 minutes
Feedback (assessor to complete)
[insert assessor feedback]
SMSF_OR_v4A1

Before you begin
Read everything in this document before you start your oral assignment by audio recording.
About this document
This document is the oral assignment — half of the overall written and oral assignment.
This document includes the following parts:
• Instructions for completing and submitting this oral assignment
• Part 1:Preparation for oral assignment
• Part 2: Oral responses to questions—10 minutes
• Part 3:Role play— 10 minutes.
How to use the study plan
We recommend that you use the study plan for this subject to help you manage your time to complete
the oral assignment within your enrolment period. Your study plan is in the KapLearn subject room.
You will need to start preparing for your oral assignment a few weeks before the written and oral
assignment is due.
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Instructions for completing and submitting
thisoral assignment
Completing the oral assignment
For this oral assignment you are required to complete the following tasks:
• Part 1: Preparation for oral assignment (written)
• Part 2: Oral response to questions (audio)
• Part 3: Role Play (audio).
More information regarding requirements for the oral assignment are provided in the resources in your
subject in KapLearn.
Saving your work
Download this document to your desktop, type your answers in the spaces provided and save your
work regularly.
• Use the template provided, as other formats will not be accepted for these assignments.
• Name your file as follows:
Studentnumber_SubjectCode_OralSubmissionnumber(e.g. 12345678_SMSF_OR_v4A1_Submission1).
• Include your student ID on the first page of the assignment.
Before you submit your work, please do a spell check and proofread your work to ensure that everything is
clear and unambiguous.
Submitting the oral assignment
You must submit your completed oral assignment as a compatible Microsoft Word document. You need to
save and submit this entire document.
Do not remove any sections of the document.
Do not save your completed oral assignment as a PDF.
You will also need to upload anaudio recording of your oral assignment.
The oral assignment (in Word) and the audio recording must all be completed before submitting it to Kaplan
Professional Education. Incomplete oral assignment documents and/or audio recordings will be returned to
you unmarked.
The maximum file size for the written assignment (word document), oral assignment (word document)
and audio recording is 20MB. Once you submit your oral assignment and audio recording for marking you
will be unable to make any further changes to it.
You are able to submit your written and oral assignment earlier than the deadline if you are confident you
have completed all parts and have prepared a quality submission.
Refer to your study guide so you can plan ahead to complete your audio recording before the written and
oral assignment is due.
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For more information, see the resources in your subject room about how to organise and upload your
audio recording in KapLearn.
Note: The written assignment (in Word), oral assignment (in Word) and audio recording must all be
submitted together.
The oral assignmentmarking process
You have twelve (12) weeks from the date of your enrolment in this subject to submit your completed oral
assignment and audio recording.
If you reach the end of your initial enrolment period and have been deemed ‘Not Yet Competent’ in one or
more assessment items, then an additional four (4) weeks will be granted, provided you attempted all
assessment tasks during the initial enrolment period.
Your assessor will mark your assignments and return them to you in the subject room in KapLearn under
the ‘Written and Oral Assessment’ page.
Make a reasonable attempt
You must demonstrate that you have made a reasonable attempt to complete all the parts of your oral
assignment. Failure to do so will mean that your oral assignmentwill not be accepted for marking;
therefore you will not receive the benefit of feedback on your submission.
If you do not meet these requirements, you will be notified. You will then have until your submission
deadline to submit your completedwritten and oral assignment.
How your oral assignment is graded
Oral assessment tasks are used to determine your ‘competence’ in demonstrating the required knowledge
and/or skills for each subject. As a result, you will be graded as either competent or not yet competent for
this oral assignment.
Your assessor will follow the below process when marking your oral assignment:
• Assess your responses in each part of the oral assignment, and then determine whether you have
demonstrated competence in each question or checklist.
• Determine if, on a holistic basis, your responses have demonstrated overall competence.
You must be deemed competent in all assessment items in order tobe awarded the units of
competencywithin this subject, including demonstrating competency in:
• all of the exam questions
• the written and oral assignment.
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‘Not yet competent’ and resubmissions
Should parts of your oral assignment be marked as ‘not yet demonstrated’ you will be given an additional
opportunity to amend your responses so that you can demonstrate your competency to the required level.
You must address the assessor’s feedback in your amended responses. You only need amend and resubmit
those sections where the assessor has determined the assessment result is ‘not yet demonstrated’.
You may be asked to re-record a part of your audio recording or to answer some written questions in this
document. Use a different text colour for any written sections of your resubmission. Your assessor will be
in a better position to gauge the quality and nature of your changes. Ensure you leave your first assessor’s
comments in your oral assignment, so your second assessor can see the instructions that were originally
provided for you. Do not change any comments made by a Kaplan assessor.
Units of competency
This oral assignment is your opportunity to demonstrate your competency against these units:
FNSSMS501 Invest selfmanaged superannuation funds assets
FNSSMS505 Support trustee in the selection and performance monitoring of outsourced services
FNSSMS601 Provide advice in selfmanaged superannuation funds
FNSSMS602 Consider taxation requirements when advising in selfmanaged superannuation funds
FNSSMS603 Apply legislative and operational requirements to advising in selfmanaged superannuation funds
Note:The written and oral assignmentis one of two assessments required to meet the requirements of the
units of competency.
We are here to help
If you have any questions, you can do the following steps:
1 Read the resources and watch the video about the oral assignment in your subject in KapLearn.
2 Post your query at the ‘Ask your Tutor’ forum in your subject room. You can expect an answer within
24 hours of your posting from one of our technical advisers or student support staff.
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Part 1: Preparation for oral assignment
To prepare for your oral assignment you are required to complete the following written tasks.
Refer to Part 3 for more information about the client in the case study:
Question1
Prepare a list of resources and equipment you will need for your role play.
Resources and equipment needed for the role play are mentioned below.
a) Script detailing the content of participants’ submissions
b) Laptop for making notes after deliberation
c) Wi-fi connection for internet
d) Volunteer oriented with the session
e) Quiet room for practicing role play
f) Iphone used as recording device
g) Questionnaire prepared for client to answer
Question 2
Describe how you have prepared for the role play. Include how you will customise your approach to the
needs of the client.
I (Student 10470635) play the role of an advisor of the financial planning company, FAT Pty Ltd. The role needed
preparation in terms of getting acquainted to the relevant regulations and laws relating to financial products and
services, taxation and insurance standards. The preparation also included noting the recent development or changes
in the tax rates or slabs and the manner it may impact the members of SMSF.
The approach is customized to meet the need of the client by taking into account their investing concerns with regard
to SMSF. Questions are to be asked to the client to understand their requirement and frame the Statement of Advice
accordingly. Their level of risk appetite will also have to be determined.
I would tailor my approach to meet the circimstances. For instance, I will first try to asceratin whether a client who has
less knowledge of SMSF is able to grasp the related cconcepts. I would invest considerable to make the client assess
the suitability of SMSF and find out if trustee duties can be carried out.My communication with a client with previous
SMSF or share market experience will take a different approach. I will focus more on current market and investment
strategies.
Assessor feedback: Resubmission required?
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