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Unit of competency details

AHCAGB604 - Analyse business performance (Release 1)

Summary

Usage recommendation:
Superseded
Mapping:
MappingNotesDate
Supersedes and is equivalent to AHCAGB604A - Analyse business performanceThis unit is equivalent to AHCAGB604A Analyse business performance 26/Jun/2016
Is superseded by and equivalent to AHCAGB611 - Analyse business performancePerformance criteria clarified. Foundation skills added. Assessment requirements updated. 20/Oct/2019

Releases:
ReleaseRelease date
1 1 (this release) 27/Jun/2016

Companion volumes:
Unit of competency Assessment requirements

Delivery:
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Training packages that include this unit

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Classifications

SchemeCodeClassification value
ASCED Module/Unit of Competency Field of Education Identifier 080301 Business Management  

Classification history

SchemeCodeClassification valueStart dateEnd date
ASCED Module/Unit of Competency Field of Education Identifier 080301 Business Management  14/Oct/2016 
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Unit of competency

Modification History

Release

TP Version

Comment

1

AHCv1.0

Initial release

Application

This unit of competency describes the skills and knowledge required to analyse the business performance of an enterprise.

All work must be carried out to comply with workplace procedures, work health and safety legislation and codes.

This unit applies to individuals who take personal responsibility and exercise autonomy in undertaking complex work. They must analyse information and exercise judgement to complete a range of advanced skilled activities. They work in contexts that are subject to change and adapt a range of fundamental principles accordingly.

No occupational licensing, legislative or certification requirements are known to apply to this unit at the time of publication.

Pre-requisite Unit

Nil.

Unit Sector

Agribusiness (AGB)

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. Analyse financial reports

1.1 Interpret taxation reports and determine accounts to be true and fair

1.2 Review and interpret management reports generated by the enterprise

1.3 Determine distribution of profit

2. Use financial analysis tools

2.1 Calculate gross margins and relevant breakdowns of profit and loss

2.2 Calculate ratios related to production activity, solvency and liquidity, gearing and profitability

2.3 Source and compare relevant performance benchmarks

2.4 Identify and analyse trends in production and profitability

3. Identify opportunities for increasing profit

3.1 Assess yield or production potential and determine current position

3.2 Identify key issues related to production efficiency

3.3 Identify key issues related to market return

4. Develop strategies for improving business performance

4.1 Use Strengths, Weaknesses, Opportunities and Threats (SWOT) approach to determine possible strategies for addressing production and marketing issues

4.2 Perform sensitivity analyses to evaluate strategies

Foundation Skills

Foundation Skills essential to performance are explicit in the performance criteria of this unit of competency.

Range of Conditions

Unit Mapping Information

This unit is equivalent to AHCAGB604A Analyse business performance.

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c6399549-9c62-4a5e-bf1a-524b2322cf72

 

Assessment requirements

Modification History

Release

TP Version

Comment

1

AHCv1.0

Initial release

Performance Evidence

The candidate must be assessed on their ability to integrate and apply the performance requirements of this unit in a workplace setting. Performance must be demonstrated consistently over time and in a suitable range of contexts.

The candidate must provide evidence that they can:

  • analyse financial reports
  • use financial analysis tools
  • identify profit drivers for the enterprise
  • benchmark business performance against other businesses
  • develop strategies for improving business performance.

Knowledge Evidence

The candidate must demonstrate knowledge of:

  • financial reports
  • financial analysis tools
  • performance benchmarking
  • issues related to production efficiency and marketing
  • SWOT analysis and developing business strategies.

Assessment Conditions

Competency is to be assessed in the workplace or simulated environment that accurately reflects performance in a real workplace setting.

Assessors must satisfy current standards for RTOs.

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c6399549-9c62-4a5e-bf1a-524b2322cf72

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