Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
BSBSMB406 Mapping and Delivery Guide
Manage small business finances
Version 1.0
Issue Date: July 2024
Qualification | - |
Unit of Competency | BSBSMB406 - Manage small business finances |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the skills and knowledge required to implement and review financial management strategies on a regular basis.It applies to individuals who operate a small business that stands alone, or is part of a department within a larger organisation. Individuals in this role interpret financial reports and other numerical data to develop financial management strategies.No licensing, legislative or certification requirements apply to this unit at the time of publication. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the Management and Leadership – Small and Micro Business field of work and include access to: business equipment and resources relevant legislation, regulations, standards and codes relevant workplace documentation and resources case studies or where possible, real situations interaction with others. Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards. |
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Prerequisites/co-requisites | |||
Competency Field |
Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Implement financial plan |
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Element: Monitor financial performance |
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