Module Descriptors
SMALL BUSINESS AND ENTERPRISE
ACCT50507
Key Facts
Digital, Technology, Innovation and Business
Level 5
15 credits
Contact
Leader: Vishwas Maheshwari
Email: V.Maheshwari@staffs.ac.uk
Hours of Study
Scheduled Learning and Teaching Activities: 36
Independent Study Hours: 114
Total Learning Hours: 150
Assessment
- ASSIGNMENT weighted at 100%
Module Details
ADDITIONAL ASSESSMENT DETAILS
100% Individual 2000 word assignment. (Business Plan) (Tests All Learning Outcomes)
INDICATIVE CONTENT
Overview
This module will engage in the process of a 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 may focus on :
- The Individual
- Characteristics of the entrepreneur and reasons for small business failure (external & internal factors)
- Business Viability
- Classifications of costs
- Contribution, Break-even analysis and Margin of Safety
- 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
- Pricing Policy & Unique Selling Proposition, Promoting the Business
- The Business Plan
- The importance, format & preparation of a Business Plan
- The importance, format & preparation of a Cash Flow Forecast
- Understanding The Profit & Loss Account & Balance Sheet
- Interpretation of the Final Accounts including the use of accounting ratios
- Working Capital Management (Control Systems)
This module will engage in the process of a 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 may focus on :
- The Individual
- Characteristics of the entrepreneur and reasons for small business failure (external & internal factors)
- Business Viability
- Classifications of costs
- Contribution, Break-even analysis and Margin of Safety
- 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
- Pricing Policy & Unique Selling Proposition, Promoting the Business
- The Business Plan
- The importance, format & preparation of a Business Plan
- The importance, format & preparation of a Cash Flow Forecast
- Understanding The Profit & Loss Account & Balance Sheet
- Interpretation of the Final Accounts including the use of accounting ratios
- Working Capital Management (Control Systems)
LEARNING OUTCOMES
1. APPRECIATE THE SIGNIFICANCE OF ACCOUNTING AND FINANCE IN SMALL BUSINESS ENTERPRISES
Knowledge & Understanding
2. APPLY APPROPRIATE ACCOUNTING AND FINANCE TECHNIQUES IN THE PLANNING AND MANAGEMENT OF SMALL BUSINESS ENTERPRISES
Application
Communication
Learning
3. UNDERSTAND THE IMPACT OF THE EXTERNAL ENVIRONMENT ON THE FINANCIAL PERFORMANCE OF SMALL BUSINESS ENTERPRISES
Analysis
Problem Solving
Knowledge & Understanding
2. APPLY APPROPRIATE ACCOUNTING AND FINANCE TECHNIQUES IN THE PLANNING AND MANAGEMENT OF SMALL BUSINESS ENTERPRISES
Application
Communication
Learning
3. UNDERSTAND THE IMPACT OF THE EXTERNAL ENVIRONMENT ON THE FINANCIAL PERFORMANCE OF SMALL BUSINESS ENTERPRISES
Analysis
Problem Solving
LEARNING STRATEGIES
36 hours of tutor led activity (24 hours of formal lectures/large group activity, 12 hours of tutorials)
114 hours of student centred activities involving reading, self assessed exercises, case study analysis, assignment work and revision.
114 hours of student centred activities involving reading, self assessed exercises, case study analysis, assignment work and revision.
RESOURCES
The University Library and learning resources
Electronic data bases
Electronic data bases
SPECIAL ADMISSIONS REQUIREMENTS
FOR INTERNATIONAL COLLABORATIVE PARTNERS ONLY
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