Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
SITXFIN002 Mapping and Delivery Guide
Interpret financial information
Version 1.0
Issue Date: April 2024
Qualification | - |
Unit of Competency | SITXFIN002 - Interpret financial information |
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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 and reports used by organisations to monitor business performance and provide information on operational or departmental financial activities.The unit applies to all tourism, travel, hospitality and event sectors.It applies to those people who operate independently or with limited guidance from others. This includes supervisors and departmental managers. This unit does not include the skills required to produce reports for the overall operation of the department or whole organisation. These would be created by senior managers, financial specialists or accountants.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 an operational tourism, travel, hospitality or events environment for which financial information can be interpreted. This can be: an industry workplace a simulated industry environment. Assessment must ensure access to: computers, printers and accounting software packages financial data and reports. Assessors must satisfy the Standards for Registered Training Organisations’ requirements for assessors. |
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Prerequisites/co-requisites | |||
Competency Field | Finance |
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: Access and interpret financial information. |
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Element: Use and provide financial information. |
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