Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
SIRRRTF002 Mapping and Delivery Guide
Monitor retail store financials
Version 1.0
Issue Date: April 2024
Qualification | - |
Unit of Competency | SIRRRTF002 - Monitor retail store financials |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the performance outcomes, skills and knowledge required to manage retail store financials by controlling costs, managing rosters and stock levels, and reviewing financial performance. It applies to individuals working in frontline management roles in a diverse range of retail industry sectors and business contexts. They operate independently with some responsibility for others and decision making, and within established organisational policies and procedures. No occupational licensing, certification or specific legislative 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. Skills must be demonstrated in a retail environment. This can be: an industry workplace a simulated industry environment. Assessment must ensure access to: relevant documentation: store budgets store financial reports template store financial reporting documents template store roster documents current plain English guidelines issued by regulatory bodies covering: minimum workplace entitlements provided by the National Employment Standards (NES) industrial awards for retail employees organisational policies and procedures for: rosters labour spend allowance schedule amendment procedures shrinkage concerns human resource policies and procedures relevant to staff work hours and leave entitlements operational requirements of the business activity, department or event subject to rosters wage budget for the business activity, department or event subject to rosters. Assessors must satisfy the Standards for Registered Training Organisations’ requirements for assessors. |
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Prerequisites/co-requisites | |||
Competency Field | Retail Financials |
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: Control cost of labour. |
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Element: Control stock levels. |
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Element: Review and address financial performance. |
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