Module Descriptors
SMALL BUSINESS AND ENTERPRISE (FTA)
ACCT50140
Key Facts
Faculty of Business, Education and Law
Level 5
15 credits
Contact
Leader: Arshad Hussain
Email: A.Hussain@staffs.ac.uk
Hours of Study
Scheduled Learning and Teaching Activities: 36
Independent Study Hours: 114
Total Learning Hours: 150
Assessment
- BUSINESS PLAN weighted at 100%
Module Details
Module Additional Assessment Details
100% Individual 2000 word assignment. (Business Plan) (Tests All Learning Outcomes)
Module Resources
The University Library and learning resources
Electronic data bases
Electronic data bases
Module Learning Strategies
This module is delivered during teaching block 3 of the fast track award. The learning strategy for the module requires students to commit to 150 learning hours.
There will be 36 hours of blended learning of which 15 hours (10 hours lectures and 5 hours tutorials) will be delivered during the two week accelerated learning stage and 21 hours of tutor directed study which will be delivered through the virtual learning environment.
In addition there will be 114 hours of independent and self-directed study. Learning support material will be provided for the module. Students will receive student centred activities involving reading, self assessed exercises, case study analysis, computer assisted learning, assignment work and revision.
There will be 36 hours of blended learning of which 15 hours (10 hours lectures and 5 hours tutorials) will be delivered during the two week accelerated learning stage and 21 hours of tutor directed study which will be delivered through the virtual learning environment.
In addition there will be 114 hours of independent and self-directed study. Learning support material will be provided for the module. Students will receive student centred activities involving reading, self assessed exercises, case study analysis, computer assisted learning, assignment work and revision.
Module Indicative Content
Overview
This module will engage in the process of developing a viable business plan for a small business enterprise. The module follows through the successful deployment of a viable Business idea from the start-up stages to the day-to-day management of a small business (as opposed to a large organization). It will focus on:
The Individual
- Characteristics of the entrepreneur and reasons for small business failure (external & internal factors)
Business Viability
- Classifications of costs
- Profit Margins
- Contribution, Break-even analysis and Margin of Safety
Assessing the Market
Capital Requirements
- Bank Finance and Services for Small Business, Uses and Sources of Finance including Local/Central Government Initiatives
Legal Status
- Sole Trader, Partnerships, Limited company, Franchise and Business Names
Marketing Plan
- Marketing objectives & Target Market, Marketing Mix (The Four P's),
- Pricing Policy & Unique Selling Proposition,
Promoting the Business
- The Business Plan
- The importance, format & preparation of a Business Plan
Accounting for a Small Business
- The importance, format & preparation of a Cash Flow Forecast
- The Accounting Requirements of the Companies Act
- Understanding The Profit & Loss Account & Balance Sheet
- Interpretation of the Final Accounts including the use of accounting ratios
Taxation of Small Companies
- Taxation of a sole trader, partnership, Limited Co, Value Added Tax, National Insurance
Working Capital Management (Control Systems)
- Debtors, Creditors, Stock
This module will engage in the process of developing a viable business plan for a small business enterprise. The module follows through the successful deployment of a viable Business idea from the start-up stages to the day-to-day management of a small business (as opposed to a large organization). It will focus on:
The Individual
- Characteristics of the entrepreneur and reasons for small business failure (external & internal factors)
Business Viability
- Classifications of costs
- Profit Margins
- Contribution, Break-even analysis and Margin of Safety
Assessing the Market
Capital Requirements
- Bank Finance and Services for Small Business, Uses and Sources of Finance including Local/Central Government Initiatives
Legal Status
- Sole Trader, Partnerships, Limited company, Franchise and Business Names
Marketing Plan
- Marketing objectives & Target Market, Marketing Mix (The Four P's),
- Pricing Policy & Unique Selling Proposition,
Promoting the Business
- The Business Plan
- The importance, format & preparation of a Business Plan
Accounting for a Small Business
- The importance, format & preparation of a Cash Flow Forecast
- The Accounting Requirements of the Companies Act
- Understanding The Profit & Loss Account & Balance Sheet
- Interpretation of the Final Accounts including the use of accounting ratios
Taxation of Small Companies
- Taxation of a sole trader, partnership, Limited Co, Value Added Tax, National Insurance
Working Capital Management (Control Systems)
- Debtors, Creditors, Stock
Module Texts
Burns, P. (2011) Entrepreneurship and Small Business-start-up, growth& maturity, 3rd edition, Palgrave. ISBN 978-0-230-24780-2
Gowthorpe, C. (2003) Business Accounting & Finance for Non-Specialists, 1st Ed, Thomson. ISBN 1-86152-872-8
Hughes, V. & D. Weller (2003) Setting up a Small Business, 3rd Ed, Teach Yourself Guide, Hodder & Stoughton Ltd. ISBN 0-340-85947-4
Gowthorpe, C. (2003) Business Accounting & Finance for Non-Specialists, 1st Ed, Thomson. ISBN 1-86152-872-8
Hughes, V. & D. Weller (2003) Setting up a Small Business, 3rd Ed, Teach Yourself Guide, Hodder & Stoughton Ltd. ISBN 0-340-85947-4