The BSBSMB421 Manage small business finance provides the skills and knowledge required to implement and review financial management strategies on a regular basis.

You will learn how to interpret financial reports and other numerical data to develop financial management strategies for small business.

It is of great benefit to individuals who operate or work in a small business or who are part of a department within a larger organisation. Students will learn how to interpret financial reports and other numerical data to develop financial management strategies.

The completion of this unit will provide knowledge on aspects associated with small business finances, including financial information requirements, producing financial budgets and projections, business capital, taxation, client credit policies, key performance indicators, financial procedures, financial performance targets, monitoring marketing and operational strategies, financial ratios and assessing a financial plan.

ARC Institute of Business offers this course via an online format with direct contact and assistance from a designated trainer, allowing you to study in your own time and surroundings.

Unit of Competency

This unit of competency have been developed in consultation with industry experts along with our trainers who draw upon real-life experience and examples to ensure the knowledge you gain is practical and applicable to your role.

BSBSMB421 Manage small business finance

Study Options

Online Study with support 
Studying online has never been easier or more convenient than through ARC’s online course. You can take each step of your qualification with direct contact and assistance from a designated trainer/assessor who will support you every step of the way.

Course Details

The nominal duration for this course is 60 hours. The actual duration may end up lower or higher depending on your particular circumstances. We believe you should completed the course within four (4) weeks on a part-time basis.

You will be supplied with all relevant learning materials, assessments and assessment templates required to complete the course, including instructions on how to navigate the online platform.

Participants will be required to complete a range of assessments during the course. These include theoretical and skill assessments. As the course is delivered online, access to a computer will be required for completing all assessments.

By successfully completing this course, you will have demonstrated the skills and knowledge required to receive a Statement of Attainment for BSBSMB406 Manage small business finance. All certification documentation is issued directly by ARC Institute of Business to you.

Entry Requirements

There are no specific entry requirements for this course however you would be expected to have an adequate level of language, literacy and numeracy skills to read financial reports and other numerical data.

Fees and Charges

The total cost of this program is $500.

Please contact ARC Institute of Business for payment options

Recognition of Prior Learning (RPL)

ARC Institute of Business offers recognition of prior learning (RPL) for this unit of competency. If you have experience and are currently working within the business sector you may qualify for RPL. Once you have enrolled, you can request to participate in an RPL Assessment.

To attain recognition, you will need to compile and present evidence that shows you can meet the variety of requirements as outlined in the unit of competency.

How to Enrol

Simply click on the "Enrol" menu item at the top of the page and complete the online enrolment form, answering all questions and providing details as requested.

You will need to attach specific documentation to confirm your identity - these are detailed at the end of the form.

Unit Code:                      BSBSMB421

Duration:                       4 weeks

Structure:                      1 unit

Delivery Mode:           Online with support

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