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Unit of competency details

AHCAGB611 - Analyse business performance (Release 1)

Summary

Usage recommendation:
Current
Mapping:
MappingNotesDate
Supersedes and is equivalent to AHCAGB604 - Analyse business performancePerformance criteria clarified. Foundation skills added. Assessment requirements updated. 20/Oct/2019

Release Status:
Current
Releases:
ReleaseRelease date
1 1 (this release) 21/Oct/2019

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  21/Oct/2019 
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Unit of competency

Modification History

Release

Comments

Release 1

This version released with AHC Agriculture, Horticulture and Conservation and Land Management Training Package Version 4.0.

Application

This unit of competency describes the skills and knowledge required to analyse the business performance of a production enterprise and develop strategies for improving business profitability.

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.

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

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

Pre-requisite Unit

Nil

Unit Sector

Agribusiness (AGB)

Elements and Performance Criteria

Elements

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 to determine possible strategies to address production and marketing issues

4.2 Perform sensitivity analyses to evaluate strategies

Foundation Skills

This section describes those language, literacy, numeracy and employment skills that are essential for performance in this unit of competency but are not explicit in the performance criteria.

Skill

Description

Reading
  • Access, interpret and analyse business records and legislation and regulations

Unit Mapping Information

Code and title current version

Code and title previous version

Comments

Equivalence status

AHCAGB611 Analyse business performance

AHCAGB604 Analyse business performance

Performance criteria clarified

Foundation skills added

Assessment requirements updated

Equivalent unit

Links

Companion Volumes, including Implementation Guides, are available at VETNet: - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c6399549-9c62-4a5e-bf1a-524b2322cf72

 

Assessment requirements

Modification History

Release

Comments

Release 1

This version released with AHC Agriculture, Horticulture and Conservation and Land Management Training Package Version 4.0.

Performance Evidence

An individual demonstrating competency must satisfy all of the elements and performance criteria in this unit.

There must be evidence that the individual has analysed the business performance of at least one business, including:

  • used financial analysis tools
  • identified profit drivers for the enterprise
  • benchmarked business performance against other businesses
  • developed strategies for improving business performance.

Knowledge Evidence

An individual must be able to demonstrate the knowledge required to perform the tasks outlined in the elements and performance criteria of this unit. This includes knowledge of:

  • financial reports of the business
  • legislation and regulations for taxation and business operation
  • financial analysis tools
  • performance benchmarking strategies
  • issues related to production efficiency and marketing
  • methods to determine strengths, weaknesses, opportunities and threats
  • methods to develop business strategies.

Assessment Conditions

Assessment of skills must take place under the following conditions:

  • physical conditions:
  • skills must be demonstrated in a workplace setting or an environment that accurately represents workplace conditions
  • resources, equipment and materials:
  • access to financial and production records for business
  • specifications:
  • legislation and regulations relevant to taxation and business operation.

Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards.

Links

Companion Volumes, including Implementation Guides, are available at VETNet: - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c6399549-9c62-4a5e-bf1a-524b2322cf72

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