Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
SIRRRTF003 Mapping and Delivery Guide
Drive retail profitability
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | SIRRRTF003 - Drive retail profitability |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the performance outcomes, skills and knowledge required to interpret financial information for a retail business, and to identify, promote and implement strategies to positively impact the business financials. This unit applies to senior personnel working in a diverse range of retail industry sectors and business contexts. They operate independently and are responsible for making a range of operational business decisions and financial planning and monitoring. 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: organisational budgets and financial plans organisational financial results including: sales variable costs semi variable costs stakeholders and team members with whom the individual can interact; these can be: relevant personnel and team members in a retail workplace, or people who participate in role plays or simulated activities, set up for the purpose of assessment, in a simulated industry environment. 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: Evaluate and plan retail financials. |
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Element: Monitor and control financials. |
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Element: Positively impact the financials. |
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