Small Business Accounting
UndergraduateGRF-AFE1142024
Course information for 2024 intake View information for 2025 course intake
Explore key small business activities around financial planning and reporting. You’ll learn how to read, prepare, and interpret financial statements. Get practical with budgets. Support informed business decisions.
Enrolments for this course are closed, but you may have other options to start studying now. Book a consultation to learn more.
- Study method
- 100% online
- Assessments
- 100% online
- Entry requirements
- No ATAR needed, No prior study
- Duration
- 13 weeks
- Loan available
- HECS-HELP and FEE-HELP available
Small Business Accounting
About this subject
After successfully completing this course you should be able to:
- Describe core accounting concepts used in small business.
- Prepare and interpret basic financial statements for small businesses.
- Generate budgets to support business decision-making in the context of small businesses.
- Apply accounting planning and control tools in a small business context.
ASSURANCE OF LEARNING
This subject evaluates student performance for Assurance of Learning purposes for the program learning objective (PLO): Identify and critically analyse sources of data to inform evidence based decision making.
- Introduction to Accounting and Business Structures.
- Accounting information.
- Recording business transactions.
- Financial statements: income statement and balance sheet.
- Financial statements: statement of cash flows.
- Financial analysis for small businesses.
- Budgeting.
- Variable costing and short-run decisions.
- Costing & pricing.
- Capital investment decisions.
- Performance measurement.
This course introduces the basic concepts and principles of accounting with special emphasis given to the use and interpretation of financial accounting information. Upon completion of the course, students will be able to read, prepare and interpret financial statements and they will have gained an appreciation of their uses and limitations in practical and applied ways.
- Assessable Homework; Problem Solving Assignment (30%)
- Weekly Content Review; Log of Learning Activities (30%)
- Budgeting and sensitivity analysis assignment; Practice-based Assignment (40%)
For textbook details check your university's handbook, website or learning management system (LMS).
With a network of campuses spanning three cities in South East Queensland, Griffith University is committed to progressive multidisciplinary teaching and research and a valuable online provider with Open Universities Australia. Already attracting students from over one hundred countries, Griffith's dedication to academic excellence is available across Australia through OUA.
Learn more about Griffith University.
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- QS Ranking 2024:
- 18
- Times Higher Education Ranking 2024:
- 20
Entry requirements
No entry requirements
Equivalent subjects
You should not enrol in this subject if you have successfully completed any of the following subject(s) because they are considered academically equivalent:
GRF-AFE112 (Not currently available)
Additional requirements
- Equipment requirements - Audio/Visual equipment
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.
Find out more information on Commonwealth Loans to understand what this means to your eligibility for financial support.
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What to study next?
Once you’ve completed this subject it can be credited towards one of the following courses
Bachelor of Applied Financial Advice
UndergraduateGRF-AFA-DEG
UndergraduateGRF-BUS-DEG
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