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Sep 07, 2024
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Catalog 2023-2024 [ARCHIVED CATALOG]
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BA 216 Small Business Financial Management Lecture Hours: 4 Credits: 4
Explores the financial processes necessary to manage a new or continuing small business. Includes tax, cash management, financial planning, funding, reporting, community resources, and financial responsibility.
Recommended: Placement into WR 122Z ; and completion of BA 101 with a grade of C or better.
Student Learning Outcomes:
- Explain the basic financial structures, financial operations, financial systems, and financial responsibilities of a small business.
- Evaluate the financial, tax, and funding alternatives of various organizational structures.
- Identify finance related resources available to the entrepreneur or small business owner.
- Describe the financial information and reporting necessary for a small business and the use of this information to make small business financial decisions.
- Develop a comprehensive financial plan for a start-up and a continuing small business company.
Content Outline
- Organizational Structures of Businesses
- Overview of structures
- Funding opportunities
- Tax considerations
- Financial Resources, Activities, Systems, and Operations
- Banking resources and activities
- Tax activities
- Insurance options
- Financial record keeping
- Accounting options
- Resources for small business enterprises
- Financial Responsibilities
- Reporting, taxes, meeting deadlines
- Obligations and financial responsibilities for employees, investors and vendors
- Securing business assets
- Financial Reporting and Data Outcomes
- Ethical reporting standards
- Meeting reporting deadline
- Management and data reports of outcomes of operations
- Funding the Start-up or Small business
- Avenues available to various organizational structures
- Private vs public funding
- Funding sources for non-profit companies
- Debt vs equity
- Crowding funding options
- Financial Planning
- Plan components, financial statements, cash flow budget, breakeven
- Plan templates
- Plans for start-up and continuing operations
- Decision making and planning for adjustments of future activities
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