This unit describes the skills and knowledge required to identify financial requirements of a business, including profit targets, cash flow projections and strategies to garner financial support.

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.


  1. Prepare to plan finances
  2. Develop a financial plan
  3. Plan to acquire finance

Upon successful completion of this unit, you will develop at least one financial plan that addresses financial requirements of a business or new business venture, including cash flow projections and a projected profit statement.

In the course of the above, you must demonstrate that the plan:

  • Reflects legal requirements applicable to business
  • Include strategies to monitor financial performance of business.

Nominal hours = 50