BSBSMB406 - Manage small business finances
This online course is ideal for people who are applying for an electrical contractor’s licence from the Electrical Safety Office (ESO) or are required to become a Qualified Business Person (QBP).
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.
- Implement financial plan
- Monitor financial performance
100% Online Learning
Method of Assessment
Once you submit your completed unit
Once you have completed all of your assessments for the unit of competency you are studying and have submitted this to be assessed, you will be notified of the outcome as either ‘Satisfactory’ or ‘Not Satisfactory’.
Your dedicated trainer who is also your assessor, will complete the record of assessment outcome and record this as either “Competent” or “Not Yet Competent”. The maximum term for your assessor to provide feedback to you on your completed assessments is 10 working days.
When awarding any assessment result, your assessor will ensure that feedback will be sent to you in relation to the outcome. You will receive this via e-mail and also via your online learning within the 'Message Tab'.