SSBU10.1.1 Victoria mapping

BUSINESS MANAGEMENT

Unit 2: Establishing a Business 

Area of Study 1

Legal requirements and financial considerations

Outcome 1

  • explain the importance when establishing a business of complying with legal requirements and financial record keeping, and establishing effective policies and procedures

Key knowledge

  • an overview of legal requirements for establishing a business such as registering the business name, registering a website domain, trade practices legislation, business tax compliance and work safe insurance
  • the importance of establishing bank accounts, financial control systems and record-keeping strategies

Key skills

  • define, describe and apply relevant business management concepts and terms
  • acquire, record, interpret and share business information and ideas
  • research and analyse case studies and contemporary examples of business management applicable to establishing a business
  • apply business management knowledge to practical and/or simulated business situations