BSBSMB303 Organize Finances for the Micro Business Assessment Answer

If you are a student at Swinburne University studying Certificate IV in business then eventually you will encounter an assignment of solving BSBSMB303 Organise Finances for the Micro Business Assessment Answer.

When a student complete this assignment they gain knowledge about ascertaining own financial position. They develop the ability to provide equity or capital for the business. For many students completing the BSBSMB303 Organise Finances for the Micro Business Assessment is a very difficult task, because of the many complex terms involved in this topic.

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Learning outcomes of BSBSMB303 Organise Finances for the Micro Business Assessment:

Upon successful completion of BSBSMB303 Micro Business Assessment a student will be able to:

Ascertain their own financial position and the ability to provide the equity or capital for the business:

1. A student will be able to realistically detail the financial situation of personal, family, or a community showing funds available and commitments already incurred.
2. After completion of BSBSMB303, courseEquity finance and assets can be determined by a student that is available for micro-business from personal, family, or community sources.

Determine the projected cash flow for the business:

1. The level of forecast business activity over a year and business mix can be determined by a student.
2. For the business and repayment schedule for borrowings, students can estimate the establishment cost.
3. Variable and fixed costs needed to conduct business activity over a year can be calculated monthly by a student.
4. For the first year of business operation, a student can develop a cash flow budget.
5. To estimate goods and service tax, and operating finance required for the business, a student can seek professional advice.

Monitor business profitability:

1. Students need to review and maintain monthly expenditures and income records.
2. To estimate business performance a student can compare equity at the beginning and the end of the year.
3. After a year of operation, a student can assess the financial viability of the business.
4. On depreciation, insurance, and tax implications of the business students will be able to seek professional advice from various sources.

Tasks and questions in BSBSMB303 Organise Finances for the Micro Business Assessment:

1. Students have to investigate their own financial position, commitments, and needs.
2. What are the dissertation topics on microfinance?
3. To establish and operate the business you need to estimate funding.
4. Students have to assess the financial viability of the business.
5.  Microbusiness operators, you have to identify the sources of specialist financial advice.
6. For use in the business, you have to describe the appropriate accounting software.
7. Operating a micro business you have to locate the Australia Taxation Office (ATO) website and summarise the data.
8. What are the finance dissertation topics?
9. Between finances and business sales and marketing strategies describe the relation.
10. What are the methods of costing or pricing and preparation of financial forecasts?
11. What is financial management?

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