Unit of competency Outline
Date retreived
22/07/2026 1:59 PM AWST
22/07/2026 1:59 PM AWST
Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.
Evaluate business performance
Evaluate business performance
Unit of competency
National Code
FNSACC607A
FNSACC607A
State Code
D4052
D4052
TGA Status
Replaced
Replaced
DTWD Status
Replaced
Replaced
State Implementation and Classification
Approved Date
07/07/2014
Field of Education
080101 - Accounting
Original Release Date
07/07/2014
Nominal Hours
40
Description
This unit describes the performance outcomes, skills and knowledge required to analyse trends in an organisation's business operations, develop performance indicators and identify options for improvement.This unit may apply to job roles subject to licensing, legislative, regulatory or certification requirements so Commonwealth, State or Territory requirements should be confirmed with the relevant body.
Notes
Elements and Performance Criteria
1. Analyse trends in performance
- 1.1. Data relating to program and organisational performance is gathered and analysed using standard accounting techniques to identify past, current and future performance
- 1.2. Variations from targets and divergences from trends are researched and evaluated to determine margins of errors and any repeating patterns
- 1.3. Trends in performance are assessed in terms of organisational short-term and long-term objectives
2. Develop performance indicators
- 2.1. Performance indicators are developed that link organisational processes, resource use and organisational objectives to environmental factors
- 2.2. Performance indicators are developed using processes that are planned, inclusive and realistic within available timeframes and resources
- 2.3. Components of performance indicators are regularly reviewed for relevance against performance trends and organisational capacities
3. Identify options for improvement
- 3.1. Factors inhibiting performance are identified, minimised or eliminated and organisational programs are reviewed to include factors that promote performance in line with available resources
- 3.2. Value is added through the use of standard financial management techniques such as capital budgeting
- 3.3. Communication strategies are developed and implemented to facilitate the extension of improvement options in line with operational goals and needs
RANGE STATEMENT
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included.
Data may include:
Australian Bureau of Statistics (ABS) economic data
budgets and forecasts
capital equipment and development plans
credit ratings
financial markets monitoring services
financial statements and reports
investment plans
market valuations.
Standard accounting techniques may include:
capital budgeting
deprival asset valuations
direct allocation
discounted cash flows
impact statements
pay-back periods
pro rata and percentage apportionment
rates of return
ratio analysis
working capital management.
Targets may include:
asset turnover
budgeted expenditures
budgeted revenue
capital expenditure management
cost of capital
profits and losses
rate of investment returns
sales
working capital levels.
Short and long term objectives may include:
asset management
budgetary targets:
quarterly
half-yearly
annually
client development
investment levels and returns
investment realisations
monthly cash flows
profit growth
sales and revenue targets.
Performance indicators may include:
compliance with scheduled payment dates
debt reduction targets
debt-to-equity ratios
investment levels
profits and losses
reports:
daily
weekly
monthly
quarterly
half yearly
annually
target cost of capital.
Environmental factors may include:
community service obligations
competitors' behaviour
consumer demand
cost of debt
environmental sustainability factors
government financial policies
inflation
market share
skills shortages.
Factors inhibiting performance may include:
client opinions and interface
financial management techniques and tools
financial monitoring
information management systems
internal procedures
market share
staff skills.
Communication strategies may include:
documented procedures and staff manuals
memos
newsletters
staff meetings
workshops.
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included.
Data may include:
Australian Bureau of Statistics (ABS) economic data
budgets and forecasts
capital equipment and development plans
credit ratings
financial markets monitoring services
financial statements and reports
investment plans
market valuations.
Standard accounting techniques may include:
capital budgeting
deprival asset valuations
direct allocation
discounted cash flows
impact statements
pay-back periods
pro rata and percentage apportionment
rates of return
ratio analysis
working capital management.
Targets may include:
asset turnover
budgeted expenditures
budgeted revenue
capital expenditure management
cost of capital
profits and losses
rate of investment returns
sales
working capital levels.
Short and long term objectives may include:
asset management
budgetary targets:
quarterly
half-yearly
annually
client development
investment levels and returns
investment realisations
monthly cash flows
profit growth
sales and revenue targets.
Performance indicators may include:
compliance with scheduled payment dates
debt reduction targets
debt-to-equity ratios
investment levels
profits and losses
reports:
daily
weekly
monthly
quarterly
half yearly
annually
target cost of capital.
Environmental factors may include:
community service obligations
competitors' behaviour
consumer demand
cost of debt
environmental sustainability factors
government financial policies
inflation
market share
skills shortages.
Factors inhibiting performance may include:
client opinions and interface
financial management techniques and tools
financial monitoring
information management systems
internal procedures
market share
staff skills.
Communication strategies may include:
documented procedures and staff manuals
memos
newsletters
staff meetings
workshops.
EVIDENCE GUIDE
The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.
Overview of assessment
Critical aspects for assessment and evidence required to demonstrate competency in this unit
Evidence of the ability to:
apply standard accounting techniques to analyse trends in business performance
develop performance indicators and identify options for improvement
establish organisational objectives, policies and procedures.
Context of and specific resources for assessment
Assessment must ensure:
competency is demonstrated in the context of the financial services work environment and conditions specified in the range statement either in a relevant workplace or a closely simulated work environment
access to and the use of a range of common office equipment, technology, software and consumables
corporate governance documentation and organisational operational policies and procedures information.
Method of assessment
A range of assessment methods should be used to assess practical skills and knowledge. The following examples, in combination, are appropriate for this unit:
evaluating an integrated activity which combines the elements of competency for the unit or a cluster of related units of competency
verbal or written questioning on underpinning knowledge and skills which may include formal examinations
setting and reviewing workplace projects and business simulations or scenarios
evaluating samples of work
accessing and validating third party reports.
Guidance information for assessment
The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.
Overview of assessment
Critical aspects for assessment and evidence required to demonstrate competency in this unit
Evidence of the ability to:
apply standard accounting techniques to analyse trends in business performance
develop performance indicators and identify options for improvement
establish organisational objectives, policies and procedures.
Context of and specific resources for assessment
Assessment must ensure:
competency is demonstrated in the context of the financial services work environment and conditions specified in the range statement either in a relevant workplace or a closely simulated work environment
access to and the use of a range of common office equipment, technology, software and consumables
corporate governance documentation and organisational operational policies and procedures information.
Method of assessment
A range of assessment methods should be used to assess practical skills and knowledge. The following examples, in combination, are appropriate for this unit:
evaluating an integrated activity which combines the elements of competency for the unit or a cluster of related units of competency
verbal or written questioning on underpinning knowledge and skills which may include formal examinations
setting and reviewing workplace projects and business simulations or scenarios
evaluating samples of work
accessing and validating third party reports.
Guidance information for assessment
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| C9614 | FNSACCT607B | Evaluate business performance | Unit of competency |
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| AUQ19 | FNSACC607 | Evaluate business performance | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| S718 | FNS50210 | Diploma of Accounting | Qualification |
| J324 | PSP60312 | Advanced Diploma of Government (Financial Management) | Qualification |