No offerings have been identified for this subject in 2015
ACC101 Financial Planning for Business (8)
Abstract| Planning and understanding the financial data requirements of business and how financial output is a key success factor for business. This subject addresses the planning role from a financial planning viewpoint. Financial data requirements, financial analysis and planning processes including budgets will be studied. |
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+ Subject Availability Modes and Location
Continuing students should consult the SAL for current offering details prior to contacting their course coordinator: ACC101
Where differences exist between the handbook and the SAL, the SAL should be taken as containing the correct subject offering details.
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Subject information| Duration | Grading System | School: |
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| One session. | HD/FL | School of Accounting and Finance |
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Enrolment restrictions|
Not available to Faculty of Commerce students. |
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Learning OutcomesUpon successful completion of this subject, students should:
- understand the role of the owner(s); types of business structures available; matching type of entity with the people involved and the product/service.
- understand the sources of finance and the basic processes of financial management.
- identify the sources of assistance and available advice, and understand the costs of advice.
- understand specification of business wants; evaluation of advice and changing advice needs over time.
- understand the steps necessary to begin a business; the role and importance of the business idea, plan, management prerequisites and control measures.
- understand the causes of business failure; management of downside risks, including regular monitoring and review.
- be able to prepare a basic business plan.
- understand and apply the budgetary process.
- specify the financial records required on an ongoing basis, daily, monthly, yearly and longer term.
- understand and apply commonly used financial analysis processes and interpret the results. |
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SyllabusThe subject will cover the following topics:
The context of the accounting and financial functions:
- the business environment.
- business, product and owner life cycles
- business success, business failure: why, and strategic management processes
- interacting parties and influences
- the owners; skills, knowledge and expertise required. Strategies for addressing shortcomings.
- the business idea: feasibility, testing and refinement
- differing requirements to set up, going concern phase, crisis management and business cessation.
A detailed study of the financial functions, particularly:
- the basic business plan: industry, business, product/service, owners, market, management, staff, financial aspects to set up and continue, budgets, legal, restructures, staff, product etc., advisers.
- funding, expansion and on going capital resources.
- budgets and budgetary processes.
- commonly used financial performance measures.
- getting the most out of financial advisers. |
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The information contained in the 2015 CSU Handbook was accurate at the date of publication: 01 October 2015. The University reserves the right to vary the information at any time without notice.
