SITXFIN005 Section ABC (1).docx - SITXFIN005 Manage physical assets Section A 1 Read a complex asset description and explain the meaning of it to

SITXFIN005 Section ABC (1).docx - SITXFIN005 Manage...

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SITXFIN005 - Manage physical assets Section A 1. Read a complex asset description and explain the meaning of it to another learner. You should be able to understanding and interpret complex product specifications and communicate this information. The asset description may need to be provided by the assessor. 2. With another learner, roleplay negotiating the price and conditions of an asset. Take turns playing the role of buyer and the seller. You should be able to use oral communications to clearly and persuasively negotiate financial transactions with suppliers. Conditions may be the type of purchase and data of delivery. 3. Analyse numerical information about an asset and explain the meaning of it to another learner. You should show the ability to analyse and interpret financial information, such as estimates, deprecation or financial agreements, and convey the meaning clearly. You should also show the ability to consider and research ways for the organisation to expand, and use the research to determine the viability of it. 4. Identify an issue or problem in the workplace. Research a new physical asset which may solve it and enhance the business’s performance. Give details of it. Problems in the workplace may relate to lack of physical assets or inappropriate ones and be able to evaluate current asset needs and the financial ability to fulfil it, showing problem- solving skills. 5. With other learners, discuss a proposed improvement for a physical asset that you identified in a previous question. You should show the ability to conduct discussions regarding physical assets with other team members. They don’t need to accept all of the opinions but should take their feedback into account.

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