NZQA registered unit standard
26368 version 3
Page 1 of 3
Title
Describe business-related services offered by financial institutions
and select services for a New Zealand entity
Level
4
Credits
Purpose
4
People credited with this unit standard are able to describe
business-related services offered by financial institutions and
select business-related services from financial institutions for a
New Zealand entity.
This unit standard is for people who are not financial specialists
or experts but who need financial knowledge and skills in their
workplace.
Classification
Financial Management > Financial Skills
Available grade
Achieved
Explanatory notes
1
Legislation relevant to this unit standard includes but is not limited to – Industrial and
Provident Societies Act 1908.
2
Definitions
Financial institutions include retail banks and other institutions providing businessrelated financial services.
A New Zealand entity must operate within New Zealand, and may include but is not
limited to – an entire organisation; a part of an organisation such as a cost-centre,
department, or branch; a small-to-medium enterprise (SME); a community group
such as a sports club.
Outcomes and evidence requirements
Outcome 1
Describe business-related services offered by financial institutions.
Evidence requirements
1.1
Services offered by financial institutions are described in terms of their potential
relevance to New Zealand entities.
Range
services – retail banking, advice, lending, investment,
international, securities, insurance;
financial institutions – a specific retail bank and three other specific
institutions.
NZQA National Qualifications Services
SSB Code 9998
 New Zealand Qualifications Authority 2016
NZQA registered unit standard
1.2
26368 version 3
Page 2 of 3
Sources of entrepreneurial funding are described in terms of the businessrelated services they offer.
Range
evidence is required for at least two sources.
Outcome 2
Select business-related services from financial institutions for a New Zealand entity.
Evidence requirements
2.1
The entity’s requirements for financial services are defined.
requirements – present, ongoing.
Range
2.2
Financial services offered by financial institutions are evaluated and compared
in terms of how they meet the identified requirements of the entity.
2.3
Non-financial factors are described in terms of how they may impact on the
decision whether or not to use the institution’s financial services.
factors – ownership, structure, stability, social responsibility,
reliability, customer service, trust deed, prospectus, legislation;
evidence is required for three factors.
Range
2.4
Financial services are selected that meet the identified requirements of the
entity.
Replacement information
This unit standard replaced unit standard 1864 and unit
standard 1865.
Planned review date
31 December 2020
Status information and last date for assessment for superseded versions
Process
Version Date
Last Date for Assessment
Registration
1
21 May 2010
31 December 2016
Rollover
2
18 April 2013
N/A
Rollover and
Revision
3
17 September 2015
Republished
3
11 March 2016
NZQA National Qualifications Services
SSB Code 9998
N/A
N/A
 New Zealand Qualifications Authority 2016
NZQA registered unit standard
26368 version 3
Page 3 of 3
Consent and Moderation Requirements (CMR) reference
0113
This CMR can be accessed at http://www.nzqa.govt.nz/framework/search/index.do.
Please note
Providers must be granted consent to assess against standards (accredited) by NZQA,
before they can report credits from assessment against unit standards or deliver courses
of study leading to that assessment.
Industry Training Organisations must be granted consent to assess against standards by
NZQA before they can register credits from assessment against unit standards.
Providers and Industry Training Organisations, which have been granted consent and
which are assessing against unit standards must engage with the moderation system that
applies to those standards.
Requirements for consent to assess and an outline of the moderation system that applies
to this standard are outlined in the CMR. The CMR also includes useful information about
special requirements for organisations wishing to develop education and training
programmes, such as minimum qualifications for tutors and assessors, and special
resource requirements.
Comments on this unit standard
Please contact NZQA National Qualifications Services nqs@nzqa.govt.nz if you wish to
suggest changes to the content of this unit standard.
NZQA National Qualifications Services
SSB Code 9998
 New Zealand Qualifications Authority 2016