Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
BSBSMB303 Mapping and Delivery Guide
Organise finances for the micro business
Version 1.0
Issue Date: June 2024
Qualification | - |
Unit of Competency | BSBSMB303 - Organise finances for the micro business |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the skills and knowledge required to estimate start-up costs, financial viability and projected cash flow for a micro business with reference to candidates’ personal financial situation.It applies to individuals who are establishing or operating a micro business providing self-employment.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. Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the Management and Leadership – Small and Micro Business field of work and include access to: business technology including internet access specialist accounting software relevant workplace documentation and resources case studies, or where possible, real situations interaction with others. 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: Ascertain own financial position and ability to provide capital/equity for the business |
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Element: Determine projected cash flow for the business |
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Element: Source required funds to establish the business |
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Element: Monitor business profitability |
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Element: Ascertain own financial position and ability to provide capital or equity for the business |
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