Unit of competency Outline

Date retreived
23/07/2026 8:36 PM AWST

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Provide business advisory services within a financial services context

Provide business advisory services within a financial services context

Unit of competency
National Code
FNSBNK503
State Code
AUQ70
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
25/03/2015
View on TGA
State Implementation and Classification
Approved Date
16/09/2015
Field of Education
081101 - Banking And Finance
Original Release Date
16/09/2015
Nominal Hours
60
Description
This unit describes the skills and knowledge required to provide advisory services to small businesses with the intent of stimulating community and business development and involves provision of business advice including the business planning, marketing and opportunity seeking processes required to identify and capitalise on business opportunities and develop financing proposals.It applies to individuals who provide specialised knowledge and services and have managerial responsibilities for building business and clients.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. Contribute to identification of business opportunities
  • 1.1 Foster business relationships with community members and business developers over time
  • 1.2 Identify attributes, and service needs and wants of business clients as basis for tailoring communications and services
  • 1.3 Provide support and advice to potential business operator or client in evaluating potential business opportunities and in identifying market potential of business opportunity
  • 1.4 Provide support and advice to potential business operator or client in identifying financial, infrastructure and human resources required to realise business opportunity
2. Provide advice about development of business plans and financing proposals
  • 2.1 Explain requirements and structure of business plan to client
  • 2.2 Provide advice regarding development of comprehensive business plan and its implementation
  • 2.3 Provide advice regarding development of proposal for financing of business initiative which meets guidelines and requirements of organisation
  • 2.4 Provide advice about benefits of accessing other relevant business professionals to ensure business venture has appropriate structure and is compliant with relevant legislation
3. Provide high level and tailored business banking solutions and service
  • 3.1 Analyse potential or current usage patterns of business and identify effective service and product options
  • 3.2 Ascertain and evaluate business banking needs to identify products to manage business cash flow, and negotiate rates
  • 3.3 Identify, model and sell products to support range of business needs including financial transactions, borrowing and leasing needs
  • 3.4 Identify and implement banking services that assist with efficient management and statutory reporting of business
  • 3.5 Coordinate service delivery to business client by other departments or units across organisation
No information
No information
Replaces
State Code National Code Title Type
D4068 FNSBNK503A Provide business advisory services within a financial services context Unit of competency
Replaced By
State Code National Code Title Type
OEC05 FNSBNK513 Provide business advisory services within a financial services context Unit of competency