ACC240 Small Business Management (8)
CSU Discipline Area: Accounting (ACCOU)
Duration: One session
Abstract:
This subject investigates the role of small businesses in the economy, and the management skills of accounting, marketing and employing staff, including ethical and social responsibilities involved in starting a small business. This subject is structured to provide the student with the opportunity to undertake a feasibility study by preparing a business plan to start your own small business and to look at the various kinds of support provided by government and non-government organisations such as chambers of commerce, trade associations, banks and professional bodies of accountants, lawyers and consultants etc. This subject is expected to be of interest to existing and potential small business owners as well as those involved in an advisory or professional counselling role such as accountants, bank managers, consultants and lawyers.
+ Subject Availability Modes and Locations
| Session 1 | |
|---|---|
| Internal | Canberra Inst. of Technology |
| Internal | Holmesglen |
| Internal | Northern Sydney Institute | Session 2 |
| Internal | Albury-Wodonga |
| Internal | Holmesglen |
| Internal | Wagga Wagga |
| Distance | Wagga Wagga | Session 3 |
| Distance | Wagga Wagga |
Continuing students should consult the SAL for current offering details: ACC240
Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.
Objectives:
Upon successful completion of this subject, students should:
- be able to explain the importance of small business in Australia
- be able to describe the strengths and weaknesses of small businesses
- be able to examine the issues involved in starting a new business, buying an existing business, opening a home based business or opening a franchise
- be able to outline issues involved in family businesses
- be able to carry out a feasibility study and prepare a business plan
- be able to explain the accounting record keeping and information requirements for small firms
- be able to explain how to apply small business management techniques in relation to financial analysis, budgeting, purchasing and inventory control
- be able to outline the key issues involved in human resource management including recruitment and training
- be able to discuss marketing, pricing, promotion and customer credit in relation to small businesses
- be able to explain the issues involved in determining both location and layout of the small business
- be able to describe the different legal forms of small business structure
- be able to identify government and non government sources of support for small firms
- be able to discuss and identify sources of capital available to small businesses
- be able to discuss the issues involved during the growth stage of small businesses including management skills, ethics, social responsibilities and total quality management
Syllabus:
The subject will cover the following topics:
Topic 1 The nature of small business and entrepreneurship - Entrepreneurship - definition and evolution - The personality of entrepreneurs - Creativity, innovation and entrepreneurship - The nature of small business Topic 2 Getting into a small business - considerations - Options for going into business - Business ownership structures - Legal issues - Regulatory issues - Accessing business advice and assistance Topic 3 Getting into a small business - basic skills - Analysing opportunities and developing a strategy - Financial information and management - Information systems and technology - Human resource issues in new and small firms Topic 4 Getting into a small business - financing - A typology of financing - Debt finance - Equity finance - Alternative sources of finance Topic 5 Getting into a small business - the business plan - The concept of a business plan - The advantages and disadvantages of using a business plan - The elements of a business plan - The different types of business plans - Preparing the document: The business planning process
The information contained in the 2013 CSU Handbook was accurate at the date of publication: 24 April 2013. The University reserves the right to vary the information at any time without notice.