AFX9004 - New venture finance

Offered

Caulfield Second semester 2009 (Day)

Synopsis

The unit develops an understanding of planning; financing; investing and financial management aspects of new businesses. In addition, it introduces the participant to statutory reporting issues prescribed by regulators. New ventures have special financial characteristics requiring a different approach to financing. Managers need to understand the real enterprise value that is being created so as to provide the intended returns for the resources and risk involved. This unit will address the knowledge and basic skills required by leaders for the financial management of a science and technology business to support strategic management goals.

Objectives

The learning goals associated with this unit are to:

• evaluate and apply financial planning skills involved in making investment decisions including the use of tools such as Excel
• understand the financial theories and processes involved in finance decisions and options
• develop an understanding of the key entrepreneurial finance issues. This includes valuation of science and technology oriented start-ups and related financing processes and options
• evaluate and discuss the interpretation of financial reports
• compare and contrast the financial management processes necessary to efficiently and effectively manage a science and technology business without stifling innovation.

Assessment

Within semester assessment: 50%
Examination (3 hours): 50%

Contact hours

Two 3-hour classes per week for 6.5 weeks (39 hours); or in block-mode, 39 hours of classes during the semester

Prerequisites

GSB9004