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Training.gov.au
This Learning Guide aims to build your skills to better Manage small business finances. In financial matters, you will no doubt enlist the help of external experts such as your accountant. However, this is not the same as having an internal accountant on staff. No small business can afford all the outside help it might like. In day-to-day operations, you will have to take prime responsibility for the financial management of your business.
AQF - Australian Quality FrameworkCertificate IV
Competency FieldBusiness, Labour and Professional Organisations
National Code - Training.gov.auBSBSMB406: Manage small business finances
Copyright © 2019 TAFE SA, Government of South Australia. All rights reserved. Terms and conditions apply.
TAFEshop Identifier: TAFESA-843
TAFEshop Catalogue: 07.149.0943-E7
ISBN: 978-1-86506-982-1
Related Resources
'Bookkeeping with GST', in conjunction with its companion resource 'Understanding double-entry accounting', provides the underpinning knowledge and skills for the unit BSBFIA301 Maintain financial records. This resource teaches a practical (rather than theoretical) easy-to-follow method of maintaining financial records.
This resource has been written to provide the underpinning knowledge and skills for the units BSBSMB402 Plan small business finances. The aim of this unit is to develop a financial plan to ensure business viability. This requires an understanding of business costs and their affect on setting prices, the capital requirements to set up and operate a business and the possible sources of funds. A financial plan can then be prepared to forecast profits and cash flow to ensure financial success.
Have you ever said ‘I have a great idea for a business’ but didn’t know how to take it any further? This text details the process from generating ideas to investigating those ideas to assess their potential. At the end of your study you should have the tools to both generate and assess ‘great business ideas’.