Unit of competency Outline

Date retreived
23/07/2026 5:16 AM AWST

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Evaluate business performance

Evaluate business performance

Unit of competency
National Code
FNSACC607
State Code
AUQ19
TGA Status
Current
DTWD Status
Approved
Current Release Number
3.00
Current Release Date
23/09/2022
View on TGA
State Implementation and Classification
Approved Date
16/09/2015
Field of Education
080101 - Accounting
Original Release Date
16/09/2015
Nominal Hours
55
Description
This unit describes the skills and knowledge required to analyse trends in an organisation’s business operations, develop performance indicators and identify options for improvement.It applies to experienced individuals who use specialised knowledge and skills to evaluate complex information and make recommendations relevant to strategic organisational activity.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
Notes
Elements and Performance Criteria
1. Analyse trends in performance
  • 1.1 Gather and analyse data relating to program and organisational performance using standard accounting techniques to identify past, current and future performance
  • 1.2 Research variations from targets and divergences from trends, and evaluate to determine margins of error and any repeating patterns
  • 1.3 Assess trends in performance in terms of organisational short-term and long-term objectives
2. Develop performance indicators
  • 2.1 Develop performance indicators that link organisational processes, resource use and organisational objectives to environmental factors
  • 2.2 Develop performance indicators using processes that are planned, inclusive and realistic within available timeframes and resources
  • 2.3 Regularly review components of performance indicators for relevance against performance trends and organisational capacities
3. Identify options for improvement
  • 3.1 Identify, minimise or eliminate factors inhibiting performance and review organisational programs to include factors that promote performance in line with available resources
  • 3.2 Ensure value is added through use of standard financial management techniques such as capital budgeting
  • 3.3 Develop and implement communication strategies to facilitate extension of improvement options in line with operational goals and needs
No information
No information
Replaces
State Code National Code Title Type
D4052 FNSACC607A Evaluate business performance Unit of competency
State Code National Code Title Type
BHX1 FNS50222 Diploma of Accounting Qualification
BDP8 FNS50217 Diploma of Accounting Qualification
AVX7 FNS50215 Diploma of Accounting Qualification
BHE1 SIR60221 Advanced Diploma of Visual Merchandising Qualification