This topic of the financial management course will help you understand the different types of business ownership. It also covers the unique characteristics and legal requirements for each.

This topic aims to increase your understanding of accounting principles and practices by solving the following problems:

• What are the different types of business ownership?
• What are the legal and financial implications for each type of business ownership?
• What is the most common type of business ownership?
• What if I can’t afford to start a business on my own?
• How can I avoid the risk of unlimited liability when starting a business?
• What are the legal and financial requirements in business that I need to be aware of?
• How do I select the best type of ownership for my business?

This topic is for current and aspiring entrepreneurs who need a better understanding of the types of business ownership to enure they select the best one for their unique needs.

Do these questions describe you?

• Do you need a better understanding of the different types of business ownership?
• Do you want to select the best type of ownership for your unique business needs?
• Do you need to know the advantages and disadvantages of the different types of business ownership?
• Do you need an overview of legal requirements for business owners?
• Are you a strategic decision maker for your business?
• Do you want to understand and manage financial accounting principles?
• Do you want to remain relevant in an ever-changing world of work?
• Do you want to embrace life-long learning and work towards recognised qualifications?

Then this topic if for you!

This is an online course with learning material and assignments.  The duration is based on your own pace and motivation.

This time commitment includes working through online content, completing assessment, reflection activities and any additional reading and enrichment activities to translate the content into your current situation.

Every course consists of a series of topics that aim to solve problems you could be facing in your business as an entrepreneur. Each topic contains a number of lessons, each with a variety of activities and resources designed to aid your learning process.

• Work through the content in each lesson
• Take time to complete the progress quizzes to check your understanding
• Explore any additional resources to gain access to valuable sources
• Take time to reflect how you will apply the knowledge in your own business

Basic Requirements

Please make sure that you are using a Browser or portable device that supports HTML5.

Browser Requirements Moodle is compatible with any standards compliant web browser. We regularly test Moodle with the following browsers:

Desktop:

• Chrome
• Firefox
• Safari
• Edge
• Internet Explorer

Mobile:

• MobileSafari
• Google Chrome

For the best experience and optimum security, we recommend that you keep your browser up to date, use the following link to make sure your browser is up to date:   https://updatemybrowser.org/

Note: Legacy browsers with known compatibility issues with Moodle 3.5:

• Internet Explorer 10 and below
• Safari 7 and below

You will be awarded a badge for every topic you complete with MyElearning so that you can build up your online learning profile.

Additional Accreditation Options:

The completion of all the relevant topics in this course will provide a delegate with supporting evidence to earn credits towards a different accredited course or skills programmes, such as Business Management, Business Advisory Services and or New Venture Creation on NQF Level 4 and NQF Level 5.

If you are interested to earn credits after completing the programme, you are more than welcome to contact any of the accredited training providers.

Please take note of the following important information with regards to earning credits on the NQF through the RPL (Recognition of Prior Learning) process:

• You will need to complete all the topics of this course to qualify for accreditation.  The completion of the assignments linked to each topic can provide some of the required evidence.
• You will need to register as a learner on the programme through an accredited training provider.
• An Accredited Provider can guide you on the appropriate qualification and the process that you should follow to earn credits that will be relevant for your career path.  You will also receive guidance on compiling your portfolio of evidence.
• The Provider can provide you with the appropriate assessment tools that you will have to complete, in order to be found competent on the credits.
• It will be your responsibility to pay for the additional costs of the provider and the assessments and NLRD (National Learners Records Database) uploads.