BSBESB407 Manage finances for new business ventures

Price:

$280.00

To enrol, select payment option below:

Prepaid Fee

BSBESB407 Manage finances for new business ventures

$280.00

Units of Competency

Course Access

3 months access to online course

Support Hours

7am - 9pm AEST (Mon - Fri)

Why Study with AOT?

Over 15 years of delivering qualifications online
Dedicated eLearning and LMS development team
Courses developed in-house by industry experts
Courses written specifically for online delivery
Professional and industry skilled trainers
Rated ‘Excellent’ on independent review platform TrustPilot

Simulated Workplace

Full access to our unique virtual company that brings your course material to life.

Delivery Mode

100% online, available 24/7
No classroom attendance or work placement

Trainer Support

One-on-one unlimited

Description

Course Overview

This single unit course describes the skills and knowledge required to implement and review financial management strategies, including by using new and emerging digital technologies and interpreting financial reports and other numerical data.

The unit applies to those establishing a business providing self-employment, as well as those establishing a new venture as part of a larger organisation.

Successful completion of this short course will earn you a Statement of Attainment in partial completion of the BSB40320 Certificate IV in Entrepreneurship and New Business.

Study Pathways

You may use the unit of this course to credit transfer towards the below qualification at AOT:

BSB40320 Certificate IV in Entrepreneurship and New Business.

Talk to our course advisor for more information on credit transfer rules and the qualification that will best suit your needs.

Units

BSBESB407

BSBESB407 Manage finances for new business ventures

This unit describes the skills and knowledge required to implement and review financial management strategies, including by using new and emerging digital technologies and interpreting financial reports and other numerical data.

The unit applies to those establishing a business providing self-employment, as well as those establishing a new venture as part of a larger organisation.

Topics:

Implement financial strategy
Monitor financial performanc
Review financial performance

Upon successful completion of this unit, you will implement a financial strategy for at least one business or new business venture according to business plan and goals. In the course of the above, you must:

Adhere to legal requirements
Produce financial projections, including cash flow estimates
Develop a plan to negotiate and manage business assets and financial capital
Define strategies for debt collection and contingencies for debtors
Manage cash flow
Define key indicators for financial performance
Communicate with required people
Seek specialist services, where required
Monitor the financial performance of the business and make changes to strategy as required
Identify opportunities to implement new and emerging digital technologies to support the financial management of the business.

Nominal hours = 60

Course Assessment

You will be assessed for these units of competency using a variety of tasks to assess your understanding and skills. A virtual session means you will be one on one with your assessor either answering questions or taking part in a role play, just as you would do in any classroom, only we do it online.

All of our assessments are marked by your assessor within ten (10) working days following the day you submitted your work. You have three (3) attempts for each assessment task to achieve a satisfactory outcome (100% pass mark), with your assessor giving you detailed feedback following each submission.

Unit	Written Activities	Virtual Classroom/Roleplay	Scenario/ Case study	Project/ Report
BSBESB407 Manage finances for new business ventures		✔Virtual Classroom	✔Scenario/Case Study

Course Requirements

Requirements

There are no formal requirements. However, learners will need:

Sufficient language, literacy and numeracy skills to complete the course
Basic computer skills
- Knowledge of common computing terms and word processing
- Proficiency with web browser software and sending/receiving e-mail including e-mail with attachment
- Familiarity with navigating the Internet
Meet technology requirements
Be at least 18 years old or have completed Year 12 if enrolling in a Diploma

Technology requirements

Operating System: Windows 7 or higher (recommended); MAC OS X 10.6 (Snow Leopard) or higher (recommended)
CPU: Min. of 2 GB of RAM, Min. of 2 GB of spare disk space is recommended
Processor: 2.0 GHz processor or higher (32-bit or 64-bit)
Monitor with at least 1024x768 screen resolution
Internet access: Minimum ADSL1 with a speed of at least 3 Mbps
An email address that is unique to you and that you will maintain throughout your enrolment
Headset (or speakers and microphone) and webcam
Microsoft Office (Word, Excel, PowerPoint, Publisher) or similar software
Up-to-date web browser version

Learner Support

Support you can expect from AOT

Our focus is to provide the real-world skills and knowledge that you need to advance your career, fulfil your goals and achieve success in the workplace. No matter what course you choose, here at AOT you will receive the assistance and support that will help make your study time convenient, manageable and worthwhile. The benefit of studying with us is that you don't have to schedule your time to attend face-to-face classroom sessions. You can study at times convenient to you in your own home or anywhere that suits your learning style. To support you in your study we provide:

Live chat

Trainer support available whilst you are studying 7am – 9pm AEST (Mon to Fri).

Contact us form

Mentoring sessions

You can book unlimited appointments with a trainer to discuss the learning material, assessment expectations, or assessment feedback.

Virtual classroom sessions

This can be booked with your trainer for specific assessments.

Course induction

You are provided with a course induction tutorial and you may also request for a Learner Support Officer to personally take you through the sauceLMS and your course.

Help and Support

A section on your sauceLMS dashboard with useful links.

Student Frequently Asked Questions

Find answers to your questions quickly and easily using the FAQs.

You are not alone in your study with AOT!

BSBESB407 Manage finances for new business ventures

BSBESB407 Manage finances for new business ventures