Skill set details

BSBSS00050 - Small Business Financial Management Skill Set (Release 1)


Usage recommendation:
The Deleted usage recommendation was implemented on 13 June 2017 to describe training components that have no replacement. Enrolments in training components and statements of attainment or qualifications issued before 13 June 2017 are valid. For any components marked as deleted after 13 June 2017, the applicable transition/teach-out periods apply. For specific questions regarding the enrolment, delivery or issuance of a statement of attainment/qualification, please contact your training regulator.
DeletedDeleted from BSB Business Services Training Package18/Oct/2020
Supersedes and is equivalent to BSBSS00018 - Small Business Financial Management Skill SetUpdated to meet Standards for Training Package24/Mar/2015

Release Status:
ReleaseRelease date
(View details for release 3) 27/Sep/2018
(View details for release 2) 14/Jan/2016
1 (this release) 25/Mar/2015

Replaced release

You are currently viewing the components related to release 1.
The current release is release 3View release 3 details.

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Modification History



Release 1

This version first released with BSB Business Services Training Package Version 1.0.


This skill set is for small business practitioners who are managing finances for a small business. It may relate to people who are establishing or operating a micro business providing for self-employment.

Pathways Information

BSBSMB304 Determine resource requirements for the micro business provides credit towards the BSB30314 Certificate III in Micro Business Operations.

BSBSMB402 Plan small business finances provides credit towards the BSB40414 Certificate IV in Small Business Management.

Licensing/Regulatory Information

No licensing, legislative or certification requirements apply to this skill set at the time of publication.

Skill Set Requirements

BSBSMB304 Determine resource requirements for the micro business

BSBSMB402 Plan small business finances

BSBSMB406 Manage small business finances

Target Group

Managers and leaders

Suggested words for Statement of Attainment

These units of competency meet the industry requirements for financial management.