Plan finances for new business ventures

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver BSBESB403, 'Plan finances for new business ventures'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Plan finances for new business ventures' on fishpond.com.au. This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to ntisthis.com for every purchase, so go nuts :)


Elements and Performance Criteria

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Prepare to plan finances

1.1 Identify costs associated with production and delivery of business products and/or services

1.2 Set profit targets according to business venture requirements and workplace procedures

1.3 Calculate prices based on costs and profit targets, as a charge-out rate for labour or unit price for products and/or services

1.4 Calculate breakeven sales point to assess viability of business venture

1.5 Evaluate and select pricing strategies in relation to market conditions to meet profit targets and according to workplace procedures

1.6 Prepare projected profit statement to supplement business plan

2. Develop a financial plan

2.1 Identify working capital requirements necessary to attain profit projections

2.2 Identify noncurrent asset requirements and consider alternative asset management strategies

2.3 Prepare cash flow projections to enable business operation according to business plan and legal requirements

2.4 Identify capital investment requirements accurately for each operational period

2.5 Select budget targets to enable ongoing monitoring of financial performance

3. Plan to acquire finance

3.1 Identify startup and ongoing financial requirements according to financial plan and budget

3.2 Identify sources of finance for required liquidity according to business goals and objectives and workplace procedures

3.3 Research and assess cost of securing finance on optimal terms

3.4 Develop strategies to obtain finance as required to ensure financial viability of business venture