22910 Accounting for New Ventures
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Subject handbook information prior to 2017 is available in the Archives.
Credit points: 3 cp
Subject level:
Postgraduate
Result type: Grade and marksThere are course requisites for this subject. See access conditions.
Description
This subject, partially delivered online, develops accounting knowledge and skills for entrepreneurs. The topics covered provide a basic understanding of accounting concepts and help plan and deliver accounting related aspects for early ventures and small businesses. Students learn how to read and interpret accounting and financial statements, analyse financial performance, develop budgets and manage cash flows.
Subject learning objectives (SLOs)
| 1. | Apply the accounting tools used in internal value measurement, planning and control, including forecasting, budgeting, costs, risks and pricing methodologies |
|---|---|
| 2. | Apply the accounting tools used in external value measurement, including competition, returns and valuation methodologies |
| 3. | Assess and develop early stage enterprise and innovation initiatives. |
Contribution to the development of graduate attributes
This subject is designed to provide students with accounting knowledge relevant to early stage enterprises and inovation initiatives. It provides students with accounting skills to assess financial performance using ratios and trends, develop cash flow and budget forecasts and prepare sales and revenue forecasts.
This subject contributes to the development of the following graduate attributes:
- Business knowledge and concepts
This subject also contributes specifically to develop the following Program Learning Objectives for the Master of Business Administration in Entrepreneurship:
- Use relevant data and analytical tools fo business valuation purposes (1.2)
Teaching and learning strategies
The subject is offered in a blended learning mode with two face to face class room meetings at the beginning and end of the session and weekly online interaction inbetween. Delivery of teaching and learning materials, quizzes, lectures, webinars and discussions are facilitated using online learning and communication tools and the UTS learning management system. The face to face classes help students understand the study and learning requirements and to reflect upon and revise the content.
Content (topics)
- Financial statements
- Financial performance
- Cash flow management
- Budgets
- Forcasting revenue
- Costs and cash flow analysis
Assessment
Assessment task 1: Report (individual)
| Objective(s): | This addresses subject learning objective(s): 1, 2 and 3 |
|---|---|
| Weight: | 50% |
| Length: | No more than 3,000 words, single spaced, Times New Roman font (not including bibliography/references) |
Assessment task 2: Case Study (Individual)
| Objective(s): | This addresses subject learning objective(s): 1, 2 and 3 |
|---|---|
| Weight: | 50% |
Minimum requirements
Students must achieve at least 50% of the subject’s total marks.
Recommended texts
Gibbons, G, Hisrich, RD and DaSilva, CM, 2015, Entrepreneurial Finance, Sage
References
- Tyler, J., Godwin,N. and Alderman, C., ACCT Financial: Asia Pacific Edition1st Edition, Cengage, 2013
- Sivabalan, P., Sawyers, R., Jackson, S. and Jenkins, G., ACCT Managerial: Asia Pacific Edition, 1st Edition, Cengage, 2013
- Horngren, C., Harrison, W., Oliver, S., Best, P., Fraser, D., Tan, R., Willett, R. (2012) Accounting 7(e), Pearson Australia.
- Carlon, S., McAlpine-Mladenovic, R., Palm, C., Mitrione, L., Kirk, N., Wong, (2016) Financial Accounting, Reporting, Analysis and Decision Making (5th edition), Wiley. Guide to Writing Assignments, UTS Business School, University of Technology, Sydney
Other resources
Students are required to use online collaboration software including UTSOnline: http://online.uts.edu.au
