25920 Entrepreneurial Finance
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particular session, location and mode of offering is the authoritative source
of all information about the subject for that offering. Required texts, recommended texts and references in particular are likely to change. Students will be provided with a subject outline once they enrol in the subject.
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 financial management knowledge and skills for entrepreneurs. The topics covered provide a basic understanding of key finance concepts and help plan and deliver financial management related aspects of early ventures and small businesses. Students learn the financial mathematics relevant for asset valuation and capital budgeting processes as well as how financial and accounting information is used to support strategic decision making for early ventures and innovation initiatives.
Subject learning objectives (SLOs)
| 1. | Apply financial management concepts such as cost of funds, valuation and sources of capital |
|---|---|
| 2. | Apply finance methods such as capital budgeting, discounted cash flow analysis and calculation of weighted average cost of capital |
| 3. | Synthesise information to make decisions in relation to financing and investment decisions |
Contribution to the development of graduate attributes
This subject is designed to provide students with finance knowledge relevant to early stage enterprises and innovation initiatives. It enables students to develop skills to assess capital sources, structures and costs and to use finance techniques such as capital budgeting and discounted cash flow analysis.
This subject contributes to the development of the following graduate attributes:
- Business practice oriented skills
This subject also contributes specifically to develop the following Program Learning Objectives for the Master of Business Administration in Entrepreneurship:
-
Use data and analytical tools to evaluate businesses (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)
- Introductory financial mathematics
- Asset valuation
- Cost of debt and equity
- Weighted average cost of capital
- Capital budgeting and project evaluation
Assessment
Assessment task 1: Report (Individual)
| Objective(s): | This addresses subject learning objective(s): 1, 2 and 3 |
|---|---|
| Weight: | 50% |
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, RD Hisrich and CM DaSilva, 2015, Enterpreneurial Finance, Sage: London
- Ross, S, R Bianchi, M Christensen, M Drew, R Westerfield and B Jordan, 2014, Fundamentals of Corporate Finance, Sixth Australian Edition, McGraw-Hill/Irwin
- Guide to Writing Assignments, UTS Business School, University of Technology, Sydney
[available at https://www.uts.edu.au/sites/default/files/business-writing-guide-2014.pdf, last accessed 22Feb2016]. - Financial Math, at http://www.freemathhelp.com/finance-math.html [last accessed 22Feb2016]
- “Introduction to Present Value”, Khan Academy, at https://www.khanacademy.org/economics-finance-domain/core-finance/interest-tutorial/present-value/v/introduction-to-present-value [last accessed 22Feb2016]
- Investopedia, at http://www.investopedia.com/ [last accessed 22Feb2016] – bear in mind that this is a US site, and so many of the regulatory references will not be very relevant
- “The Importance of Capital Budgeting”, FinWeb, at http://www.finweb.com/financial-planning/the-importance-of-capital-budgeting.html#axzz40sRNo2lS [last accessed 22Feb2016]
Other resources
Students are required to use online collaboration software including UTSOnline: http://online.uts.edu.au
