ACCT 3009 Incubator 4: Commercial and Financial Setting of Entrepreneurship

Credit Points 10

Legacy Code 301169

Coordinator Anton Bogdanovych Opens in new window

Description Operating a start-up is not just about being creative and innovative; it is also about having the necessary management and operational skills, understanding the commercial and financial setting within which the organisation needs to operate it. This unit aims to provide vital details that set the background to run your organisation whether your customer base is local, national or even international. This objective is driven through a number of topics such as: setting up a business entity, accounting fundamentals, taxation fundamentals. The unit will be delivered through a number of modules. As a vital part of the unit, students are expected to engage and work in "start-up co-working space" on a regular basis. At the successful completion of this unit, students would set up as a business entity for their start-up organisation.

School Computer, Data & Math Sciences

Student Contribution Band HECS Band 4 10cp

Check your HECS Band contribution amount via the Fees page.

Level Undergraduate Level 3 subject

Learning Outcomes

On successful completion of this subject, students should be able to:
  1. Identify and apply the process involved in setting up a business entity
  2. Identify business accounting needs and chose appropriate accounting structure
  3. Investigate how the Australian and international taxation structures applies to start-ups
  4. Demonstrate an understanding of interpreting accounting documents that are commonly used in a business setting
  5. Apply individual�fs skills and knowledge in a collaborative and effective manner in achieving a common goal in a group setting
  6. Demonstrate effective verbal and written communication skills that appeal to a wide audience

Subject Content

1) Setting up a business entity in Australia
2) Understanding various accounting statements, such as, Income statements, Statement of Cash flow, Balance Sheet, Profit and Loss accounts
3) Banking structure and setting up business accounts
4) Taxation structure and how it affects start-ups

Assessment

The following table summarises the standard assessment tasks for this subject. Please note this is a guide only. Assessment tasks are regularly updated, where there is a difference your Learning Guide takes precedence.

Item Length Percent Threshold Individual/Group Task
Case Study – Study and report issues identified a sample set of financial documents 1500 words 35 N Individual
Assignment – Set up the business entity and banking aspects and report the process 1500 words 35 N Group
Reflective Presentation – Demonstrate the findings and process that the group had to go through in setting up the business entity 20 mins 30 N Group

Teaching Periods

2022 Semester 1

Penrith (Kingswood)

Day

Subject Contact Anton Bogdanovych Opens in new window

Attendance Requirements 80% attendance rate is imposed in all core subjects’ due to the nature of class activities that are aligned with subject assessments.

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