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Certificate in Business Management

Plan for success – we’ll show you how to run your small business! 

Learn how to develop a business plan and set up the right business structure. You’ll gain an understanding of financial reporting and taxation requirements, grasp the principles of marketing and social media, and find out what assistance may be available for your small business. Understand the fundamentals of business management.

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Key benefits

  • Gain essential skills to start or manage a small business
  • Learn key skills in business management
  • Flexible online study – work at your own pace in your own time. We can work around you!
  • Developed by successful business owners
  • The Career Academy is a Xero Education Partner with Xero Learn – get up to six months access to Xero included with your course.

With our certificate in business management you will learn the fundamentals of accounting and bookkeeping, how to create and manage a general ledger, GST, income tax, legislation and employment law. Understanding marketing and social media along with how to use accounting software can be crucial in running a successful small business.

Course Summary

Investment: $995 + GST or only $25 per week on an interest free payment plan.


Duration: Study in your own time, at your own pace.  Generally students complete one module per week, each module taking around 10 hours


Start date:  Get instant access to your course


Assessment: 11 modules / 11 assignments


Qualification information: On successful completion of this business training course, you will be awarded a certificate of achievement.


Duration: 140 hours Learn at your own pace, but ideally complete one module per week.


Access Time: You will have access to this course for up to 6 months until you complete

What our students say

★★★★★ “The course is very interesting and can see how I could apply the knowledge even if I wasn’t managing a business. The tutors do an excellent job as I can ask them questions and they reply quickly. Thanks so much!!
 George Hewetson


★★★★★ “Everything has been great. Every tutor and support person to that I have spoken to, in my short time studying with The Career Academy has been very helpful, polite and easy to talk to.” – Jorden O’Brien

Comprising the following modules:

  • Accounting and Bookkeeping Fundamentals
  • Financial Statements
  • Understanding GST
  • Fundamentals of Income Tax
  • Understanding Key Australian Business Legislation
  • Fundamentals of Payroll
  • Marketing and Social Media
  • Budgeting, Forecasting and Cashflow Management
  • Financial Statement Analysis
  • Accounting with Xero
  • Accounting with MYOB Essentials

Accounting and Bookkeeping Fundamentals

Learning Outcomes

By the end of this course you will be able to:


  • Explain the function and purpose of accounting.
  • State the different forms of accounting information.
  • Identify external and internal users of accounting information and how they would use the information.
  • List the steps in the accounting cycle.
  • Explain the key concepts and assumptions underlying accounting.
  • Explain the principal qualitative characteristics and their effect on financial statements.
  • Define the basic and expanded accounting equation and explain how it is connected to the double-entry method of accounting.
  • List the different account categories and the type of accounts associated with each category.
  • Apply the accounting equation and double-entry accounting when analysing financial transactions.
  • Distinguish between accounts receivable and accounts payable.

Financial Statements

Learning Outcomes

By the end of this course you will be able to:


  • Explain the purpose of the Profit and Loss Statement, and both calculate the totals of the accounts and categorise the accounts that are included in this statement.
  • State the common expense categories included in the Balance Sheet, and both calculate the totals of the accounts and categorise the accounts that are included in this statement.
  • Define what inventory is and distinguish between the two common inventory systems.
  • Prepare the journal entries that are required using both inventory systems.
  • Apply purchase and sales returns, and discounts allowances when preparing the financial statements.
  • Prepare journal entries for the opening and closing inventory.
  • Calculate the year-end stock adjustment.
  • Prepare the Profit & Loss Statement and Balance Sheet for a company.

Understanding GST

Learning Outcomes

By the end of this course, you will be able to:


  • Identify an overview of GST in Australia.
  • Recognise the major principles of GST.
  • Identify when GST registration is required.
  • Recognise the obligations a business has once they are registered for GST.
  • Identify the components of a valid sales invoice.
  • Identify what the term attribution means and how this affects the GST returned to the ATO.
  • Compare and contrast the cash basis and accrual basis for reporting GST.
  • Calculate the GST on a product or service.
  • Complete a basic BAS return.

Fundamentals of Income Tax

Learning Outcomes

Once you have completed this course, you should be able to:


  • Explain the difference between a company and a sole trader.
  • Explain what a TFN is.
  • Explain what is meant by a “self-assessment” tax system.
  • Identify what assessable income consists of, and why the residence of the taxpayer and the source of the income is important.
  • Provide an overview of the four income types; ordinary, statutory, exempt and NANE income.
  • Explain the various types of income, including exempt income, excluded income and assessable income.
  • Outline what factors influence whether an amount of income is ordinary income or not.
  • Highlight the key income tax differences between residents and non-residents.
  • State the source of income for a range of common types of income.
  • Briefly explain why when income is derived is important in respect of calculating income tax.
  • Outline the difference between general deductions and specific deductions and provide examples of each.
  • Identify the specific rules for deduction in repairs, borrowing expenses, bad debts, tax-related expenses and entertainment.
  • Calculate taxable income.
  • Reconcile accounting profit to tax profit.
  • Explain the difference between the accounting profit and tax profit.
  • Prepare a basic tax return for an individual.
  • Prepare a basic tax return for a company.

Understanding Key Australian Business Legislation

Learning Outcomes

By the end of this course, you will be able to:


  • Define the importance of understanding and complying with the requirements of the relevant business legislation.
  • Outline the potential implications for a business that fails to comply.
  • Define the different types of company structures, role and duties of a company director and the rights of a shareholder.
  • Explain what the specific terms relating to employment mean. i.e. Modern awards, enterprise agreements etc.
  • Discuss the importance of performance management processes.
  • Explain what needs be considered by employers when hiring new employees.

Fundamentals of Payroll

Learning Outcomes

By the end of this course, you will be able to:


  • Explain the importance of payroll security, including control measures.
  • Identify employee record information that must be retained.
  • Explain the purpose of checking payroll data, and how to reconcile payroll information.
  • Identify the key employee declaration forms and when each is to be completed.
  • Explain what PAYG Withholding tax is.
  • Identify the difference between a contractor and an employee, and the different types of employees.
  • Explain what the National Employment Standards (NES) and Modern Awards are, and how these relate to wage payments.
  • Explain what is meant by the term “Protected Earnings Amount (PEA)” and calculate the net pay after child support deductions for an employee.
  • Calculate the PAYG amount and the lump sum annual leave payment of an employee where loading exists and where no loading applies.

Marketing and Social Media

Learning Outcomes

By the end if this course, you will be able to:


  • Distinguish between marketing and sales.
  • Identify the benefits of market research.
  • Discuss the two main types of market research and outline the process involved.
  • Discuss the methods used for target marketing.
  • Discuss the importance of competitor analysis.
  • Outline the four core elements of the marketing mix.
  • Apply the marketing mix to a new or existing product.
  • Explain how social media is used as a marketing tool.

Budgeting, Forecasting and Cashflow Management

Learning Outcomes

By the end of this course, you will be able to:


  • Identify what a budget and a forecast is and the difference between them.
  • Recognise the importance and advantages of budgeting.
  • Know how to prepare a budget.
  • Understand how to compare with actual results and analyse variances.
  • Identify what a cashflow budget is.
  • Explain what the cash conversion cycle is and how to manage it.

Financial Statement Analysis

Learning Outcomes

When you have completed this course, you should be able to:


  • Identify the purpose of financial statement analysis.
  • Recognise what horizontal analysis is.
  • Analyse financial statements using the horizontal analysis approach.
  • Identify what ratio analysis is.
  • Identify the four main categories of ratios.
  • Compare the benefits and limitations of ratio analysis.
  • Define and calculate profitability ratios.
  • Define and calculate activity ratios.
  • Define and calculate liquidity ratios.
  • Define and calculate financial ratios.
  • Analyse financial statements using ratio analysis.

Accounting with Xero

Learning Outcomes

By the end of this section you will be able to:


  • Explain cloud computing and the benefits of using Xero.
  • Identify how to get started with Xero.
  • Recognise the difference between the Demo Company and other companies you may set up in Xero
  • Recognise and navigate your Xero Dashboard.
  • Demonstrate an understanding of how bank feeds work.
  • Explain the purpose of bank reconciliation and how this works in Xero.
  • Understand how overpayments and prepayments are treated in Xero.
  • Apply the various bank reconciliation options including create, transfer, match & discuss.
  • Understand how to create and apply bank rules to a range of transactions.
  • List the different invoice types available in Xero and describe each of their definitions.
  • Identify the customisable details that present on an invoice.
  • Identify the two customer statement types.
  • Summarise how to create invoices, quotes, repeating invoices and credit notes.
  • Summarise how to customise templates and apply branding themes.
  • Differentiate between tracked and untracked inventory.
  • Describe the process of adding new inventory items.
  • Explain the processes for managing bills, repeating bills and credit notes with Xero.
  • Convert source documents to bills, repeating bills and credit notes.
  • Apply payments and partial payments to bills.
  • Describe to how perform batch payments and send remittance advice.
  • Summarise how to modify payments to bills made in error.

Accounting with MYOB Essentials

Learning Outcomes

By the end of this section you will understand how to:


  • Describe what MYOB Essentials is.
  • Identify the functions you can perform in the software.
  • Explain cloud computing.
  • Recognise the system requirements for this software.
  • Recognise the important elements of the Dashboard.
  • Identify the Banking area of the Dashboard.
  • Outline how to set up and manage bank feeds.
  • Outline how to manually import bank statements.
  • Identify the bank transactions page and perform the different functions on this page.
  • Describe how to match bank transactions.
  • State how to allocate bank transactions and create allocation rules.
  • Explain bank reconciliations in Essentials.
  • List why contacts are created.
  • Identify how to create and manage contacts.
  • Explain how to find a contact via filtering or sorting.
  • Explain how to use contacts in transactions.
  • Prepare quotes.
  • Locate the Invoice page and where to view them.
  • Prepare invoices.
  • Locate the customer invoices report.
  • Prepare customer payments.
  • Prepare customer returns.
  • Process customer returns.
  • Locate the sales history page.
  • Prepare customer statements.
  • Explain what items are and where they can be accessed.
  • Produce new items and modify current items.

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