SIRRRTF003
Drive retail profitability
This unit is an accredited training resource consistent with the Nationally Recognised Training requirements for Vocational Education and Training (VET) and is ideal for Registered Training Organisations (RTOs) in Australia. It consists of Learning Resource Material (instructional theory), an Assessment Workbook, and information about assessment mapping to the Performance Criteria, Knowledge Evidence, and Performance Evidence requirements of this accredited unit.
Our SIRRRTF003 training product is available for purchase as a hardcopy (printed) book in both Learner Guide and Trainer/Assessor Guide variants. This unit is available for enrolment and online training/assessment via Catapult LMS (Learning Management System). NOTE: If you are a training provider, please do your own validation, in accordance with your Training and Assessment Strategy (TAS).
$15.00 inc GST
Unit information about the SIRRRTF003 training material in this resource
SIRRRTF003 information from training.gov.au.
Application
This unit describes the performance outcomes, skills and knowledge required to interpret financial information for a retail business, and to identify, promote and implement strategies to positively impact the business financials.
This unit applies to senior personnel working in a diverse range of retail industry sectors and business contexts. They operate independently and are responsible for making a range of operational business decisions and financial planning and monitoring.
Unit mapping information
No equivalent unit.
Licensing, legislative, regulatory or certification requirements
No occupational licensing, certification or specific legislative requirements apply to this unit at the time of publication.
Foundation skills
Foundation skills essential to performance are explicit in the performance criteria of this unit of competency.
Unit sector or competency field
Retail—Retail Financials
Prerequisite, co-requisite or interdependent assessment of units
Not applicable
Assessment conditions
Skills must be demonstrated in a retail environment. This can be:
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an industry workplace
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a simulated industry environment
Assessment must ensure access to:
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organisational budgets and financial plans
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organisational financial results including:
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sales
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variable costs
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semi variable costs
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stakeholders and team members with whom the individual can interact; these can be:
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relevant personnel and team members in a retail workplace, or
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people who participate in role plays or simulated activities, set up for the purpose of assessment, in a simulated industry environment
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Assessors must satisfy the Standards for Registered Training Organisations’ requirements for assessors.