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.

Availability

Session 2 (60)
Online
Wagga Wagga Campus
Session 3 (90)
Online
Wagga 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

Grading System

HD/FL

Duration

One session

School

School of Accounting and Finance

Enrolment Restrictions

Available to undergraduate students only.

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.

Syllabus

This 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.

Indicative Assessment

The following table summarises the assessment tasks for the online offering of ACC240 in Session 3 2019. Please note this is a guide only. Assessment tasks are regularly updated and can also differ to suit the mode of study (online or on campus).

Item Number
Title
Value %
1
Starting a small business
20
2
Prospective financial information
30
3
Business plan
50

The information contained in the CSU Handbook was accurate at the date of publication: July 2020. The University reserves the right to vary the information at any time without notice.

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