ACC240 Financial Management of Small Business (8)


This subject examines the nature and characteristics of small business, and develops the key financial skills and abilities needed for the effective financial management of small business. This subject will be of particular interest to existing or potential small business owners.  A key learning outcome will be the production of a business plan.

+ Subject Availability Modes and Location

Session 2
InternalAlbury-Wodonga Campus
InternalNorthern Sydney Institute
InternalWagga Wagga Campus
DistanceWagga Wagga Campus
Session 3
DistanceWagga Wagga Campus
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.

Subject information

Duration Grading System School:
One sessionHD/FLSchool of Accounting and Finance

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to list and define the key characteristics and issues involved in starting and running a small business;
  • be able to identify the sources of finance available to a small business;
  • be able to describe the components of basic accounting reports and use accounting reports and tools such as budgeting and cost-volume-profit analysis for decision-making;
  • be able to analyse and evaluate accounting reports using financial ratios and trend data that highlight the profitability, liquidity and solvency/gearing of a small business;
  • be able to collate data from many sources and create information in the form of reports for a small business.


The subject will cover the following topics:
  • The nature and types of small business;
  • Defining a small business and its characteristics;
  • Issues to be considered before going into business;
  • Financing a small business;
  • Financial reports and how to use them for decision-making in a small business context;
  • Analysing financial information using key ratios on liquidity, solvency and profitability and other tools such as cost-volume-profit analysis;
  • Budgeting and working capital management;
  • Constructing and executing a business plan.


The information contained in the 2016 CSU Handbook was accurate at the date of publication: 06 September 2016. The University reserves the right to vary the information at any time without notice.