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​​Start Your Nationally Recognised Qualification


Manage small business finances BSBSMB406
Mode of Delivery (Complete at your own pace)

100% Online Learning
Price: Now Only $270.00 (one off payment)​ / Normally $300.00

About this Unit of Competency
 
BSBSMB406 - Manage small business finances, is specifically designed to complement your trade knowledge with business knowledge.

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.

You will be guided through the following subjects by your learning resources and with support from your dedicated Trainer:

  • Implement financial plan
  • Monitor financial performance

Prerequisite requirements
 
There are no prerequisite requirements for this individual unit of competency.

For further information about this unit of competency, please visit the following link: 




100% Online Learning

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Complete Your Nationally Recognised Qualification 100% Online

Our online learning platform allows you to complete your qualification on any Smart Phone, Tablet, Ipad, Computer or MAC.

Your online learning materials and assessment activities can be accessed 24 hours, 365 days a year. You can save your work online as you go and complete your qualification at your own pace within 12 months, if not sooner. 

Our online learning platform also allows you to login to your online learning multiple times, using multiple devices. This way you will be able to view your online learning resources on more than one screen whilst completing your assessments at the same time. 

To streamline the completion of your qualification, once enrolled you are assigned a dedicated experienced Trainer who is there for your support should you have a question or need guidance as you complete your qualification. You will be provided with all contact details for your Trainer and the best method of contact upon enrolment. Your Trainer will work with you through your learning journey through to completion. 

Within your online learning materials you will be provided with comprehensive resources and recommended links to increase your knowledge, skill and experience, providing you with clear advice and information about the:

• Structure of the assessment
• How the assessment is to be completed
• What you are required to do to demonstrate your knowledge and learning achieved

If you require any further assistance in regards to how to complete your assessment, you are able to contact your dedicated trainer who is there for your support.

For further information about how to view our online learning resources, how to complete your assessment online, and how to maximise your online learning experience, please click the following link to view our tutorials.




Technology Needed

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Technology Needed

• Any of the following technologies: Smart Phone, Tablet, Ipad, Desktop Computer,  
  Laptop or MAC Computer

• Internet connection

• E-mail address

• Adobe Reader & Adobe Flash Player

• Basic Microsoft suite or equivalent

• Printer/Scanner

Method of Assessment

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Method of Assessment

The term assessment refers to the process that the Australian Adult Learning Institute will use to gather and discuss information from multiple and diverse sources, in order to develop a clear picture of what a student knows, has learnt and understood, and can do with their knowledge gained as a result of their educational experience with us. 

Our goal is to guide you towards the successful completion of your Nationally Recognised Qualification with the industry knowledge and practice, to confidently implement these skills into a workplace environment. 

Upon enrolment you will be provided with an Assessment Plan recommending the dates to complete your assessments.

Please be advised that if you have not submitted your completed assessments by the recommended date, a member of the Australian Adult Learning Institute will be in contact with you should you require any further support completing your assessment.


The assessments that you will be completing

You should respond to all the formative and summative assessments by completing your assessments online after you have read all the online learning resources for the unit of competency that you are currently studying. Written responses can be recorded in the areas provided within your online learning, or submitted in either a word or pdf document.

Formative Assessment 1

What you will be required to do whilst completing your assessment:

• Questions to be answered online

You will be required to answer a number of short answer questions relating to the unit of competency you are studying.

• Activities to be completed online

You will be required to conduct research and write responses to scenarios addressing questions relating to the learning materials provided to you online.

Summative Assessment 1

What you will be required to do whilst completing your assessment:

• Questions to be answered online

You will be required to answer a number of short answer questions relating to the unit of competency you are studying, extending your knowledge, skill and practice, further from the Formative Assessment.

• Activities to be completed online

You will be required to conduct research and write responses to scenarios addressing questions relating to the learning materials provided, extending your knowledge, skill and practice, further from the Formative Assessment.

Summative Assessment 2

What you will be required to do whilst completing your assessment:

• Project/s to be completed online

You will be required to complete project work to put your knowledge into practice in either a simulated or workplace environment.


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'.