Course Title: Undertake financial planning

Part A: Course Overview

Program: C5193

Course Title: Undertake financial planning

Portfolio: DSC

Nominal Hours: 50.0

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

BUSM7791C

Brunswick Campus

TAFE

320T Design (TAFE)

Face-to-Face or Internet or Workplace


Course Contact: Ray Hester

Course Contact Phone: +61 3 9925 446

Course Contact Email: ray.hester@rmit.edu.au


Course Description

This unit involves the development of a financial plan to support business viability. It is suitable for setting up or existing micro and small businesses or a department in a larger organisation.


Pre-requisite Courses and Assumed Knowledge and Capabilities

This unit is related to BSBSBM404A Undertake business planning



National Competency Codes and Titles

National Element Code & Title:

BSBSBM402A Undertake financial planning

Elements:

1. Analyse the financial requirements of the business

2. Develop a financial plan.

3. Acquire finance.


Learning Outcomes

Development of a financial plan which identifies the financial requirements of the business, including profit targets, cash flow projections and strategies for the acquisition of finance.


Overview of Assessment

Assessment  is demonstrated by performance of all stated criteria, including paying particular attention to the critical aspects and the knowledge and skills elaborated in the Evidence Guide, and within the scope as defined by the Range of Variables .

 Assessment must take account of the endorsed assessment guidelines in the Business Services Training Package .

Assessment of performance requirements in this unit  should be undertaken in an actual workplace or simulated environment .

Assessment should reinforce the integration of the key competencies and the business services common competencies for the particular AQF level.