This skill set is for small business practitioners who are managing finances for a small business. It may relate to people who are establishing or operating a micro business providing for self-employment.
|Qualification:||Statement of Attainment - Small Business Financial Management Skill Set BSBSS00050|
|Duration:||1 semester part time (approximately 4.5 hours one day per week)
Delivery will be via classroom based workshops. Additional individual research reading, skill development of approximately 4 hours per week will be required outside of class time.
|Cost Info:||Details available from the contact officer at Skilled Capital for Industry and Business|
|Likely Job Outcome:||Gives you the skills and knowledge to manage small business finances.|
|Enrolment Type:||Register Your Interest|
Skilled Capital Information
This course is offered under Skilled Capital. The initiative will give eligible participants the opportunity to complete a nationally recognised qualification and receive a completion payment from the Education Directorate. The completion payment is made upon successful completion of their skilled capital qualification which must be completed within two years of the commencement date.
To find out if you are eligible please visit the ACT Government Skilled Capital training website.
Entry Requirements / How to Apply
You must be working or self-employed in a small business in the ACT.
To study any course at CIT (excluding degrees and non-accredited training) you must have a Unique Student Identifier (USI).
Literacy Skills Information
We suggest that you will need Australian Core Skills Framework levels of at least 2 across reading, writing, learning, oral communication and, depending on your program of study, numeracy skills to successfully complete this program. If you do not have this level, you can still enrol and seek support to improve your skills or you may prefer to begin with a lower level program, or enrol in the Certificate I in Skills for Vocational Pathways (FSK10213) to develop your literacy skills. Please visit Foundation Skills or phone (02) 6207 4872 to have a chat to one of our teachers.
Qualifications at CIT are regularly updated or replaced to meet current industry needs and maximise your employment opportunities. If this occurs while you are part way through a qualification, you may need to vary your learning to meet the new national requirements. CIT will aim to make this as smooth as possible for you.
To ensure positive outcomes for all students, CIT may need to cancel or change classes at short notice. CIT will make every effort to inform students as soon as changes are made and will also make every effort to offer alternative arrangements for students to meet the requirements of the subject and complete their qualification. In an unfortunate instance when this cannot be met, you will receive a full refund. Please ensure you maintain current contact details via CIT Self Service or by contacting CIT Student Services at firstname.lastname@example.org.
Complete 3 subjects
Core: Complete all 3
Determine resource requirements for the micro business
CIT Code: BUSN137 Description: This unit describes the skills and knowledge required to select options for resource acquisition, develop procedures and systems for efficient installation, and use and maintain resources. It applies to individuals who are establishing or operating a micro business providing self-employment. Prerequisites: Nil
Plan small business finances
CIT Code: MGNT357 Description: 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. It applies to individuals who operate a small business or work within an existing micro or small businesses and interpret financial data. Prerequisites: Nil
Manage small business finances
CIT Code: MGNT793 Description: This unit describes the skills and knowledge required to implement and review financial management strategies on a regular basis, including by using new and emerging digital technologies. It applies to individuals who operate a small business that stands alone, or that 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. Prerequisites: Nil
For more information about this course please contact CIT Student Services on (02) 6207 3188 or email email@example.com