BSBSMB406 Manage small business finances

This unit describes the skills and knowledge required to implement and review financial management strategies on a regular basis.

It applies to individuals who operate a small business that stands alone, or is part of a department within a larger organisation. Individuals in this role interpret financial reports and other numerical data to develop financial management strategies.

Entry Requirements

All students will be required to provide the following prior to being enrolled:

  • Photo ID

Students must:

  • Be at least 18 years of age
  • Have a valid USI

Students will need to have access to:

  • Business equipment and resources
  • Relevant legislation, regulations, standards and codes
  • Relevant workplace documentation and resources
  • Interaction with others
Course Requirements

The course with teach students how to:

  • Operate the business according to the business plan including managing cash flow, defining key performance indicators and defining strategies for debt collection and contingencies for debtors
  • Monitor the business against financial plan and make changes as required
  • Produce financial budgets or projections, including cash flow estimates
  • Negotiate, secure and manage business capital
  • Monitor marketing and operational strategies
  • Calculate and evaluate financial ratios
  • Assess financial plan
Delivery Methods

Students can obtain this qualification by either:

  • Online
Duration

This online program is self-paced. If you are doing a little each day, it would be expected that you could complete this course within a week.

Fees and Funding

The fees for this program are $250.

Certification

Upon successful completion of the program, students will be issued with a Statement of Attainment for the unit BSBSMB406 Manage small business finances.

How to Enrol to this course

All enquiries and applications to this course are welcome any time of the year. To apply please make an official enquiry by going through our enquiries page with the link below, alternatively you can call us.

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