Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
BSBESB407 Mapping and Delivery Guide
Manage finances for new business ventures
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | BSBESB407 - Manage finances for new business ventures |
---|---|---|---|
Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the skills and knowledge required to implement and review financial management strategies, including by using new and emerging digital technologies and interpreting financial reports and other numerical data.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: business equipment and resources, including business technology legislation, regulations, codes of practice and standards 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. |
||
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 | |
---|---|---|---|---|---|---|---|---|
Elements of Competency | Performance Criteria | |||||||
Element: Implement financial strategy |
| |||||||
Element: Monitor financial performance |
| |||||||
Element: Review financial performance |
|