Assessor Resource
SITXFIN003A
Interpret financial information
Assessment tool
Version 1.0
Issue Date: May 2024
This unit applies in any industry context and to a wide range of individuals who need to interpret financial data to inform their work practice, including senior operational staff, supervisors and managers.
This unit does not include the skills required to produce financial reports that would generally be created by senior managers, financial specialists or accountants.
This unit describes the performance outcomes, skills and knowledge required to interpret the types of financial information used by operational supervisors and managers in their day-to-day work activities. The unit focuses on understanding key financial terminology, different types of financial reports and on how financial information is used in the management of a business.
This unit is therefore related to other financial units such as: SITXFIN004A Manage finances within a budget, SITXFIN005A Prepare and monitor budgets, and SITXFIN008A Manage financial operations.
You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)