units

BFF5904

Faculty of Business and Economics

18 September 2017 23 December 2024

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This unit entry is for students who completed this unit in 2016 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

Monash University

6 points, SCA Band 3, 0.125 EFTSL

Postgraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Faculty

Business and Economics

Organisational Unit

Department of Banking and Finance

Offered

Not offered in 2016

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.

Outcomes

The learning goals associated with this unit are to:

  1. evaluate and apply financial planning skills involved in making investment decisions including the use of tools such as Excel
  2. understand the financial theories and processes involved in finance decisions and options
  3. develop an understanding of the key entrepreneurial finance issues which includes valuation of science and technology oriented start-ups and related financing processes and options
  4. evaluate and discuss the interpretation of financial reports
  5. compare and contrast the financial management processes necessary to efficiently and effectively manage a science and technology business without stifling innovation
  6. demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFF5904.

Assessment

Within semester assessment: 50%
Examination: 50%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

Chief examiner(s)

Dr John Vaz

Prerequisites

GSB9004 or AFX9003 or ACX5903 or ACX9003

Prohibitions

AFX9004