TAP> Manage finances of a new venture

Course Purpose

Running a new venture involves understanding and explaining the financial aspects, including applying cash flow management and implementing an accounting system to effectively manage finances. Analysing income and expenditure statements, evaluating balance sheets, and making informed financial decisions based on financial statements are crucial skills in ensuring the financial success and sustainability of a new business.

What you’ll learn

This unit standard is intended for learners who have to manage the finances of a business venture. Learners who achieve this unit standard are able to manage the income and expenditure of own business and base financial decision-making on financial data. Learners credited with this unit standard will be able to explain financial aspects involved in running new venture, apply cash flow management in the running of a new venture, apply an accounting system to manage a new venture, analyse an income and expenditure statement, analyse a balance sheet and make a financial decision based on financial statements.