Course Title: Manage small business finances

Part B: Course Detail

Teaching Period: Term2 2016

Course Code: BUSM6353C

Course Title: Manage small business finances

School: 130T Vocational Engineering

Campus: City Campus

Program: C4274 - Certificate IV in Building and Construction (Building)

Course Contact: Program Manager

Course Contact Phone: +61 3 9925 4468

Course Contact Email: vocengineering@rmit.edu.au


Name and Contact Details of All Other Relevant Staff

Michael Kenna

Ph: 9925 4595

Email:michael.kenna@rmit.edu.au 

 

Nominal Hours: 60

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Pre-requisites and Co-requisites

Nil

Course Description

This unit describes the performance outcomes, skills and knowledge required to implement, monitor and review strategies for the ongoing management of a small business’s finances. It also includes day to day financial management of the small business. Specific legal requirements apply to the management of a small business.


National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

BSBSMB406A Manage small business finances

Element:

1. Implement financial plan

Performance Criteria:

1.1. Identify financial information requirements and obtain specialist services, as required, to profitably operate and extend the business in accordance with the business plan 1.2. Produce financial budgets/projections, including cash flow estimates, as required for each forward period, and distribute to relevant people in accordance with legal requirements 1.3. Negotiate, secure and manage business capital to best enable implementation of the business plan and to meet the requirements of financial backers 1.4. Develop and maintain strategies to enable adequate financial provision for taxation in accordance with legal requirements 1.5. Develop, monitor and maintain client credit policies, including contingencies for debtors in default, to maximise cash flow 1.6. Select key performance indicators to enable ongoing monitoring of financial performance 1.7. Record and communicate financial procedures to relevant people to facilitate implementation of the business plan

Element:

2. Monitor financial performance

Performance Criteria:

2.1. Regularly monitor and report on financial performance targets and analyse data to establish the extent to which the financial plan has been met 2.2. Monitor marketing and operational strategies for their effects on the financial plan 2.3. Calculate and evaluate financial ratios according to own/industry benchmarks 2.4. Assess financial plan to determine whether variations or alternative plans are needed, and change as required


Learning Outcomes


Refer to Elements


Details of Learning Activities

Students will be involved in the following learning activities to meet requirements for this competency:

• Face to Face classes

• Simulated Workplace Learning

• Online learning via blackboard

• Other forms of structured teaching and learning

• Evidence Guides
Students will be observed and assessed through their planned activities throughout the duration of the cours


Teaching Schedule

 1. Each theme commences with a face to face interview, self analysis and quiz. 

 2. The remaining delivered is on line, and face to face tutorials for each cluster

 3. Evidence guides to capture student's existing skills and knowledge are also utilised in this program.

 

SessionsTopics/Assessments
Session 1Upfront interviews and quiz, OHS Assessment
Session 2OHS
Session 3OHS/Admin Legal
Session 4Admin Legal
Session 5Contracts
Session 6Contracts/Finance
Session 7Finance, Submit Workbooks and Quiz

 

 Refer to lesson plan on Blackboard.


Learning Resources

Prescribed Texts


References


Other Resources


Overview of Assessment

Assessment will incorporate a variety of methods including written, oral, practical tasks and activities.Students will be asked to personally demonstrate to the teacher/assessor the practical skills gained during this course to the relevant industry standards. Assessment activities will occur throughout this course and feedback will be provided at regular intervals. 

Assessment Tasks

Students must pass each of the following assessment tasks to demonstrate competent. 

Assessment

Weight %

Assessment 1

Observation Written Assessment and Project

50%

Assessment 2

Case Study and Projects

50%

 these tasks assesses the following Course Learning Outcomes (CLOs):

 Assessment Mapping Matrix

Element/Performance Criteria

Assessment 1

Assessment 2

1.1

X

 

1.2

X

 

1.3

X

 

1.4

X

 

1.5

X

 

1.6

X

X

1.7

X

X

2.1

 

X

2.2

 

X

2.3

 

X

2.4

 

X

 

 


Assessment Tasks

Students must pass each of the following assessment tasks to demonstrate competent.

Assessments

Assessment 1

Knowledge Survey (formative)

Skills Analysis Assessor Interview (summative)

Assessment 2

Workbook

Assessment 3

Online Summative final Quiz

Assessment 4

Evidence Guide (Summative)


Assessment Matrix

Assessment Mapping Matrix

Element/Performance Criteria

Assessment 1

Assessment 2

Assessment 3

Assessment 4

1.1

X

x

 

 X

1.2

X

x

 

 X

1.3

x

X

 

 X

1.4

x

X

 

 X

1.5

X

 

 x

 X

1.6

X

x

 

 X

1.7

X

x

 

 X

2.1

X

x

 

 X

2.2

X

x

 

 X

2.3

x

X

 

 X

2.4

x

X

 

 X

 

To be deemed competent you must demonstrate an understanding of all aspects required of the competency. Assessment methods have been designed to measure your achievement of each competency in a flexible manner over multiple tasks

Other Information

Credit Transfer and/or Recognition of Prior Learning (RPL):

You may be eligible for credit towards courses in your program if you have already met the learning/competency outcomes through previous learning and/or industry experience. To be eligible for credit towards a course, you must demonstrate that you have already completed learning and/or gained industry experience that is:
• Relevant
• Current
• Satisfies the learning/competency outcomes of the course

Please refer to http://www.rmit.edu.au/students/enrolment/credit to find more information about credit transfer and RPL.

Study and Learning Support:
Study and Learning Centre (SLC) provides free learning and academic development advice to you. Services offered by SLC to support your numeracy and literacy skills are:
• Assignment writing, thesis writing and study skills advice
• Maths and science developmental support and advice
• English language development

Please refer to http://www.rmit.edu.au/studyandlearningcentre to find more information about Study and Learning Support.

Disability Liaison Unit:
If you are suffering from long-term medical condition or disability, you should contact Disability Liaison Unit to seek advice and support to complete your studies.
Please refer to http://www.rmit.edu.au/disability to find more information about services offered by Disability Liaison Unit.

Late Submission:
If you require an Extension of Submittable Work (assignments, reports or project work etc.) for seven calendar days or less (from the original due date) and have valid reasons, you must complete an Application for Extension of Submittable Work (7 Calendar Days or less) form and lodge it with the Senior Educator/ Program Manager.


The application must be lodged no later than one working day before the official due date. You will be notified within no more than two working days of the date of lodgement as to whether the extension has been granted.
If you seek an Extension of Submittable Work for more than seven calendar days (from the original due date), you must lodge an Application for Special Consideration form under the provisions of the Special Consideration Policy, preferably prior to, but no later than two working days after the official due date.

Submittable Work (assignments, reports or project work etc.) submitted late without approval of an extension will not be accepted or marked.

Special Consideration:
Please refer to http://www.rmit.edu.au/students/specialconsideration to find more information about special consideration.

Plagiarism:
Plagiarism is a form of cheating and it is very serious academic offence that may lead to expulsion from the university.
Please refer to http://www.rmit.edu.au/academicintegrity to find more information about plagiarism.

Email Communication:
All email communications will be sent to your RMIT email address and you must regularly check your RMIT emails.

Course Overview: Access Course Overview