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BSBFIM601 Assessment Answers

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BSBFIM601 Assessment Answers

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BSBFIM601 Description

This course outlines the skills and information needed to do budgeting, financial forecasting, and reporting, as well as allocate and manage resources to meet the business unit's objectives. Contributing to financial bids and estimates, distributing funds, maintaining budgets, and reporting on financial activity are all part of the job description.

It refers to those with managerial responsibilities, such as overseeing the administration of financial and other resources across a business unit, a group of business units or teams, or an entire company. It includes all aspects of financial management in general. This effort would be supported by financial management specialists in a larger organisation.

At the time of writing, there are no licencing, legislation, or certification requirements for this unit.

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