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Managing Finances
UNITS
Financial Planning
(BSBSBM402A Undertake Financial Planning)
Control of finances is a critical element in the success of a small business. This unit covers three main aspects of financial planning - planning for profit, planning the financial structure of your business and planning for cash flow. You will gain the skills necessary to project profits and to develop a financial plan for your own business or intended business.
Specific topics include understanding costs and how to ensure full recovery of costs in your pricing strategy, costing for different industries, breakeven analysis and profit projection. Other aspects covered include an understanding of equity and loan capital, assets, working capital and the cash flow cycle.
You will also learn how to estimate the funds needed in small business and how to identify and compare the types and sources of funds available as well as how to make an application for finance. In addition you will learn how to prepare a cash flow forecast.
The Specialist Small Business Trainers
| tel: 618 8410 0000 | fax: 618 8410 0633 |
| Email: sbtc@tafesa.edu.au |
TAFE SA Adelaide City Campus
GPO Box 1872 Adelaide SA 5001
