Магистратура
2023/2024
Предпринимательство и финансовая среда
Статус:
Курс по выбору (Финансы)
Направление:
38.04.08. Финансы и кредит
Кто читает:
Банковский институт
Где читается:
Банковский институт
Когда читается:
1-й курс, 3 модуль
Формат изучения:
с онлайн-курсом
Онлайн-часы:
20
Охват аудитории:
для своего кампуса
Преподаватели:
Димова Елена Анатольевна
Прогр. обучения:
Финансы
Язык:
английский
Кредиты:
3
Контактные часы:
8
Course Syllabus
Abstract
An entrepreneurial firm is a young, often high growth business. Such firms differentiate themselves from other forms of organizations through being more innovative, flexible, adaptable, but risky. The knowledge gained during this course will help the financial analysts understand a very specific nature of entrepreneurial finance, associated risks and opportunities, and feel more confident building valuation models and assessing the future perspectives of business ventures. In some cases we will take the viewpoint of the entrepreneur and in others the viewpoint of an investor. The course covers (in varying degree) the following aspects: understanding the performance of small firms; assessing a new venture’s financial strengths and viability; financial analysis for startups; advanced business planning analysis; what unit economics is and why it is important to track unit economics for an early stage startups to make long term financial projections; assessing the risks of a new business and applying risk management frameworks; financing requirements of companies at different stages of the life cycle; sources of financing the small businesses. The course also focuses on the major challenges to venture capital valuation and performance measurement. Students will learn what investors look for in a startup, how to find the value of founder’s ownership before and after additional funding, how to read financial statements and make pro-forma statements, how to determine the financial health of a startup and estimate future earnings; alternative exit routes and their impact on value. The aim of this course is also to enable students to understand the top entrepreneurship trends and to assess the perspectives of startup firms in different industries.Practical applications will include writing a business plan for startup, building startup financial model and value a business venture. Microsoft Excel will be heavily used.
Learning Objectives
- The main objective of this course is to equip students with an integrated set of concepts and applications drawn from entrepreneurship, finance, and accounting, that will provide a higher understanding of the financial aspects of small business entrepreneurship and the financial environment in which these firms exist. The course also aims to develop practical skills and knowledge in the field of entrepreneurial finance (analysis, forecasting, valuation).
Expected Learning Outcomes
- explain the concepts of entrepreneurial finance and its difference to traditional corporate finance
- critically evaluate the potential of a new start-up idea, perform feasibility analysis of the business venture
- perform advanced business planning analysis and write a business plan
- understand the prospects for a venture and identify the strategy it ought to adopt in order to maximize its performance
- identify the financing needs of an entrepreneurial firm and asses different financing/funding options
- assess a new venture’s financial strengths and viability
- calculate and track the unite economics of business
- identify and assess the risks of a new business and apply risk management frameworks
- build financial models for start-up projects and apply core startup valuation methods
- explain alternative exit routes and their impact on value
Course Contents
- Introduction and the Entrepreneurial Context for New Ventures
- Evaluating Entrepreneurial Opportunities
- Business Planning: Developing and understanding a business plan
- Assessing a New Venture’s Financial Strength and Viability
- Financing / Funding Opportunities for a New Venture
- Valuing Startup Ventures
- Managing Startup Risks
Interim Assessment
- 2023/2024 3rd module0.6 * Final Project + 0.1 * Final Test 1 + 0.1 * Final Test 2 + 0.1 * Final Test 3 + 0.1 * Final Test 4
Bibliography
Recommended Core Bibliography
- Barrow, C., Barrow, P., & Brown, R. (2018). The Business Plan Workbook : A Step-By-Step Guide to Creating and Developing a Successful Business. Kogan Page.
Recommended Additional Bibliography
- Barringer, B. R. (2015). Barringer: Preparing Effective Business Plans: An Entrepreneurial Approach, Global Edition (Vol. Second edition, global edition). Boston: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1418739