Canadian Securities Institute, Moody's Analytics Training & Certification Services
Mobile Menu

At CSI, the well-being of our valued learners and staff is our highest priority. Learn more about our response to COVID-19 and changes to our exam delivery format.

Small Business Operations and Financial Analysis (SBOF)


Please note: We are no longer accepting enrollments for this course. To learn details about the replacement course, Small Business Lending (SBL), click here

Small business is the fastest growing segment and source of employment in Canada. As a result, lenders and advisors are more often required to understand how small businesses operate in order to best advise their clients.

Introducing the Small Business Operations and Financial Analysis course. This standalone course is dedicated to understanding the financial and operational analysis that affects small business owners. The Small Business Operations and Financial Analysis course shows students how to evaluate the financial health of a business and provide the right products and services for small business owners and operators.

Deepen your understanding of the analysis that affects small business owners. Enrol in Small Business Operations and Financial Analysis today.

This course fulfills one of the requirements towards earning the Certificate in Small Business Banking.

Who Should Enrol

You should enrol in this course if you currently are, or aspire to be a Small Business Advisor, Small Business Account Manager or Branch Manager.

Course leads to the following credential:


Through a combination of innovative online learning tools, students will gain the knowledge they need to guide small business owners in the financial aspects of their operations.

Students will gain the knowledge and confidence required to:

  • Understand business ownership classifications such as sole proprietor, partnership, and corporation - and the pros and cons for each
  • Understand small business operations, the construction of financial statements and general accounting principles
  • Review financial ratios and understand their value in assessing business strengths and weaknesses
  • Align owners' personal financial situations with their businesses
Approximate Hours of Study**
Hours of Study 20 - 40 hours

** In order to provide some guidance to course participants as to the length of time it will take to be sufficiently prepared to write the final examination, CSI has prepared this estimate of the number of hours an average participant could possibly expect to spend studying for a course. Please note that these are only recommended hours of study developed based on research and our course content, however, this does not mean that some students with exceptional backgrounds would not take less time than recommended or that students with no background at all in finance or economics would not take longer than the maximum.

This course has an online test (not proctored) component which students must pass. This includes testing of all material covered within the course. The test questions are randomly generated and the mark is documented in the student record and archived in the student profile per attempt.

(weightings are approximate)
Module 1: Business Structures 5%
Module 2: Fundamentals of Accounting 5%
Module 3: Personal Financial Statements 20%
Module 4: Personal Financial Ratios 20%
Module 5: Business Financial Statements - The Balance Sheet and Income Statement 20%
Module 6: Business Financial Statements - The Retained Earnings Statement, Cash Flow Statement, and Cash Budget 10%
Module 7: Business Financial Ratios 10%
Module 8: Assessing Management and Structuring Loans 10%
Tests 1
Test Format Online
Test Completion Time Allowed 1 Hour
Question Format Multiple Choice
Questions Per Test 25
Attempts Allowed 3
Passing Grade 60%
Assignments None
Enrolment Period 6 months

*Students will have three attempts ONLY to complete the test for this course. There is no additional charge for the second or third attempts. If you fail all three attempts you will have to re-enrol in the course.

This course can be extended by 6 months provided you have not exceeded the attempts allowed for each exam. You can view CSI extension fees here. Your enrolment period can only be extended one time.

Important: During a student's enrolment period, CSI may update this course. In that case, details about the update and how it may affect students will be posted online via My CSI. Students are held responsible for and are examinable on the content in the course textbook(s) provided at the time of enrollment unless stated otherwise in My CSI. Students are encouraged to check My CSI regularly throughout their enrolment period.

Continuing Education (CE) Credits

Click the links below or the buttons at the top of the page on the right side to access CE accreditation information. To search for specific course information, press Ctrl + F and then enter the course name to search the document for the information you are interested in.

National/Provincial (Excluding Quebec)
Download CE Chart (PDF, 163 kb)

Quebec (IQPF/CSF)
Download IQPF/CSF Chart (PDF, 182 kb)

Please note: While CSI makes every effort to ensure that the information is up-to-date, we are unfortunately unable to fully guarantee its accuracy. The information listed in the charts above may be subject to change.

For details on the organizations and other information on CE Credits listed in the above charts, please click here.