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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
This resource has been written to provide the underpinning knowledge and skills for the unit BSBSMB404 Undertake small business planning. This unit covers the research and development of an integrated business plan for achieving business goals and objectives. It can be used to set up a new business, or expand an existing small business. Completion of this unit will count towards the qualification BSB40407 Certificate IV in Business (Small Business Management).
This Unit is from the Small Business Management domain of the Business Services Training Package. This Unit is concerned with the operation of the business and with implementing the business plan. The strategies involve monitoring, managing and reviewing operational procedures.
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.