Cambodian Skills Delivery Model

SEAL National Course Catalogue · MLVT / National Training Board

Sector Frameworks

1,164

Qualifications

15,161

Competency Units

10,938

Elements

41,782

Learning Outcomes

2,822

Assessment Packages

Manage building and construction business finances

KHU-CON-0049

Australian Equivalent

CPCCBC5019

Elements

Learning Outcomes

This unit of competency specifies the skills and knowledge required to manage and administer finances within a building and construction business. It includes managing business financial risks, revenue and expenditure and meeting statutory financial obligations. This unit of competency applies to builders, site supervisors and related construction industry professionals responsible for managing organisational finance systems to ensure the financial viability of a building and construction business. Completion of the general construction induction training program specified by the model Code of Practice for Construction Work is required for any person who is to carry out construction work. Achievement of CPCWHS1001 Prepare to work safely in the construction industry meets this requirement. No licensing, legislative or certification requirements apply to this unit at the time of publicatio

Elements & Learning Outcomes

E1Identify requirements of the business.

0049.E1.O1Identify building and construction business legislation, regulations and operational and business requirements.

0049.E1.O2Recognise areas of the business requiring expert advice and assistance to meet compliance.

0049.E1.O3Establish business systems and programs to manage business financial requirements and remain up to date and compliant with industry and business changes.

0049.E1.O4Conduct a risk assessment to determine adverse outcomes and consequences.

0049.E1.O5Interpret obligations and responsibilities of managing building and construction finances.

E2Manage business finances.

0049.E2.O1Review project budgets and scheduled progress payments to schedule project expenses over the life of the project.

0049.E2.O2Manage cash flow, pay supplier and contractor invoices and retain taxation records.

0049.E2.O3Manage receipt of revenue and progress payments, and action processes for outstanding debt.

0049.E2.O4Monitor financial health of the business regularly to identify potential problems and take appropriate action.

0049.E2.O5Introduce options to improve the financial position of the business.

0049.E2.O6Maintain and save accurate financial records.

E3Process taxation, insurance and payments.

0049.E3.O1Lodge and pay taxes and employee liabilities that apply to a building and construction business.

0049.E3.O2Review and adjust all insurance cover to accommodate business growth or changes to business operation.

0049.E3.O3Process payments to employees on time and contractors and suppliers by the due date.

0049.E3.O4Monitor loan and interest repayments.

0049.E3.O5Review ongoing business finances against project budgets.