Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
BSBSMB402 Mapping and Delivery Guide
Plan small business finances
Version 1.0
Issue Date: June 2024
Qualification | - |
Unit of Competency | BSBSMB402 - Plan small business finances |
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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.It applies to individuals who operate a small business or work within an existing micro or small businesses and interpret financial data.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: software for financial calculations relevant legislation, regulations, standards and codes relevant workplace documentation and resources case studies or where possible, real situations. 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: Identify costs, calculate prices and prepare profit statement |
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Element: Develop a financial plan |
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Element: Acquire finance |
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