NTISthis.com

Evidence Guide: AHCAGB604A - Analyse business performance

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

AHCAGB604A - Analyse business performance

What evidence can you provide to prove your understanding of each of the following citeria?

Analyse financial reports

  1. Taxation reports are correctly interpreted and accounts are determined to be true and fair.
  2. Management reports generated by the enterprise are reviewed and interpreted.
  3. Distribution of profit is determined.
Taxation reports are correctly interpreted and accounts are determined to be true and fair.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Management reports generated by the enterprise are reviewed and interpreted.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Distribution of profit is determined.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Use financial analysis tools

  1. Gross margins and relevant breakdowns of profit and loss are calculated.
  2. Ratios related to production activity, solvency and liquidity, gearing and profitability are calculated.
  3. Relevant performance benchmarks are sourced and compared to the enterprise.
  4. Trends in production and profitability are identified and analysed.
Gross margins and relevant breakdowns of profit and loss are calculated.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ratios related to production activity, solvency and liquidity, gearing and profitability are calculated.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Relevant performance benchmarks are sourced and compared to the enterprise.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Trends in production and profitability are identified and analysed.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify opportunities for increasing profit

  1. Yield/production potential is assessed and current position determined.
  2. Key issues related to production efficiency are identified.
  3. Key issues related to market return are identified.
Yield/production potential is assessed and current position determined.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Key issues related to production efficiency are identified.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Key issues related to market return are identified.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop strategies for improving business performance

  1. Strengths, Weaknesses, Opportunities and Threats (SWOT) approach is used to determine possible strategies for addressing production and marketing issues.
  2. Sensitivity analyses are performed to evaluate strategies.
Strengths, Weaknesses, Opportunities and Threats (SWOT) approach is used to determine possible strategies for addressing production and marketing issues.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Sensitivity analyses are performed to evaluate strategies.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.

Overview of assessment

Critical aspects for assessment and evidence required to demonstrate competency in this unit

The evidence required to demonstrate competency in this unit must be relevant to workplace operations and satisfy holistically all of the requirements of the performance criteria and required skills and knowledge and include achievement of the following:

analyse financial reports

use financial analysis tools

identify profit drivers for the enterprise

benchmark business performance against other businesses

develop strategies for improving business performance.

Context of and specific resources for assessment

Competency requires the application of work practices under work conditions. Selection and use of resources for some worksites may differ due to the regional or enterprise circumstances.

Required Skills and Knowledge

Required skills

analyse financial reports

use financial analysis tools

identify profit drivers for the enterprise

develop strategies for improving business performance

use literacy skills to fulfil job roles as required by the organisation. The level of skill may range from reading and understanding documentation to completion of written reports

use oral communication skills/language competence to fulfil the job role as specified by the organisation, including questioning, active listening, asking for clarification, negotiating solutions and responding to a range of views

use numeracy skills to estimate, calculate and record complex workplace measures

use interpersonal skills to work with others and relate to people from a range of cultural, social and religious backgrounds and with a range of physical and mental abilities.

Required knowledge

financial reports

financial analysis tools

performance benchmarking

issues related to production efficiency and marketing

SWOT analysis and developing business strategies.

Range Statement

The range statement relates to the unit of competency as a whole.

Financial analysis tools and reporting systems applied may include:

the range of primary production and related business activities.