FINAN204-20A (HAM)

Entrepreneurial Finance

15 Points

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Division of Management
School of Accounting, Finance and Economics


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Paper Description

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This paper enables students when identifying business opportunities and examining their feasibility. This includes forecasting revenues and expenses for business ventures using a life cycle approach, cash budgets, projecting financial statements and estimating external funds needed and a sustainable growth rate. Entrepreneurial finance is important whether it is micro-finance in a less developed country, emerging economy or market-based in a mature economy. Interventions by governments, international aid and funding agencies are all part of the very rich tapestry of entrepreneurial finance and at times the return and risk parameters are not always obvious.

Teaching notes, videos and other resources will be added, week by week, from the start of A trimester.

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Paper Structure

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Working in Groups
Presentations and Discussions
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Learning Outcomes

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Students who successfully complete the course should be able to:

  • Have knowledge and understanding of the financial tools and techniques used in the realm of entrepreneurship (LO 1).
    Students gain insights into the financing landscape for young firms, going beyond the basics of venture capital and angel financing to look at venture debt, bank finance, corporate venture capital and receivables financing.
    Linked to the following assessments:
  • Be prepared for participation in a new venture at some point in their career as a founder, employee, adviser or investor (LO 2).
    Students understand a variety of financing models across the venture's life cycle, the relative costs and benefits of each source of funding and the connections between a venture's financing strategy and its product-market strategy.
    Linked to the following assessments:
  • Understand and be able to apply the Venture Life Cycle approach to entrepreneurial finance (LO 3).

    Students delve into issues such as deal structures, incentives, business models and valuation of a venture over its life cycle from startup to exit

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This paper involves four assessments.
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Assessment Components

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The internal assessment/exam ratio (as stated in the University Calendar) is 100:0. There is no final exam. The final exam makes up 0% of the overall mark.

The internal assessment/exam ratio (as stated in the University Calendar) is 100:0 or 0:0, whichever is more favourable for the student. The final exam makes up either 0% or 0% of the overall mark.

Component DescriptionDue Date TimePercentage of overall markSubmission MethodCompulsory
1. Test
9 Apr 2020
3:00 PM
  • Online: Submit through Moodle
2. Skit based on real world experience
4 May 2020
3:00 PM
  • In Class: In Lecture
3. Individual/Group Proposal
18 May 2020
3:00 PM
  • Online: Submit through Moodle
4. Final Test
15 Jun 2020
No set time
  • Online: Submit through Moodle
Assessment Total:     100    
Failing to complete a compulsory assessment component of a paper will result in an IC grade
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Required and Recommended Readings

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Required Readings

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Test Book: Entrepreneurial Finance
Edition: SIXTH
Authors: J. Chris Leach and Ronald W. Melicher
Publishers: Cengage Learning
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Other Resources

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Read the materials uploaded on my web under files and folders
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Online Support

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Please follow the announcement on Moodle for any updates on resource uploads
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The assessments are designed to suit the 15 point paper
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Linkages to Other Papers

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Restricted papers: FINA403, FINAN301

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