Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
BSBESB403 Mapping and Delivery Guide
Plan finances for new business ventures
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | BSBESB403 - Plan finances for new business ventures |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the skills and knowledge required to identify financial requirements of a business, including profit targets, cash flow projections and strategies to garner financial support.The unit applies to those establishing a business providing self-employment, as well as those establishing a new venture as part of a larger organisation.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. Skills in this unit must be demonstrated in a workplace or simulated environment where the conditions are typical of those in a working environment in this industry. This includes access to: software for financial calculations legislation and regulations relating to business described in performance evidence workplace documentation and resources relevant to performance evidence. 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: Prepare to plan finances |
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Element: Develop a financial plan |
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Element: Plan to acquire finance |
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