spring 2016

BED-3031 Entrepreneurial Financial Management - 10 ECTS

Sist endret: 07.04.2017

The course is provided by

Faculty of Biosciences, Fisheries and Economics

Location

Tromsø |

Application deadline

Applicants from Nordic countries: June 1st.

Exchange students: April 15th.

 

Exchange students are students from academic institutions with which UiT The Arctic University of Norway have formal exchange agreements.

Type of course

This course can be taken as a singlular course.

Admission requirements

Students have to hold a bachelor degree (180 ECTS) or equivalen in one of the following disciplines: Business, Management, Marketing, Computer Science, Information Technology, Engineering, Electrical engineeing, Physics, Health, Energy, Fisheries or Biotechnology.

  • The Norwegian grading system is an A-F scale in which A is the highest score and F is fail. An average grade C from a bachelor degree issued in Norway is the minimum requirement for admission to the master's level for students with Norwegian study background.
  • Applicants who hold a bachelor's degree or equivalent issued in Europe, Canada, USA, Australia and New Zealand must have an average grade C as a minimum, or the corresponding numerical mark/percentage score to be considered for admission.
  • Applicants who hold a bachelor's degree or equivalent issued in countries other than the above mentioned region/countries must have an average grade B as a minimum, or the corresponding numerical mark/percentage score to be considered for admission.

Course content

This course teaches prospective entrepreneurs the fundamentals of finance as it applies to the new or young venture. Topics include development of pro forma financial statements for cash flow analysis, business valuation models, and raising capital. This course will provide students with an integrated knowledge and skills drawn from entrepreneurship, accounting, finance and management.

Objectives of the course

Students who have successfully completed the course should have achieved the following learning outcomes:

Knowledge and comprehension:

  • Knowledge of differences between traditional corporate finance and entrepreneurial finance in cash flow, financial source, risk management etc.
  • Knowledge of how to make financial forecasts by incorporating supply and demand considerations into the forecast.
  • Comprehension of different valuation techniques appropriate to an entrepreneurial setting.
  • Knowledge of the objectives and requirements of different funding sources including venture capital, private equity, and traditional financing sources.

Skills:

The course should prepare the student to:

  • Prepare a pro forma financial model using publicly available data that can be used to determine financing needs for start-up businesses.
  • Demonstrate skills to make financial forecasts in Excel for entrepreneurial firms.
  • Make valuations of enterprise using several different methodologies common for entrepreneurial ventures.
  • Structure deals with providers of financing to achieve objectives and overcome uncertainties and information asymmetries inherent in new ventures.

Competence:

  • Be able to suggest good management strategies for developing an entrepreneurial business.
  • Be able to manage the financial aspects of an entrepreneurial venture to survive the financial challenges and capture maximum value in financing and harvesting the enterprise.

Language of instruction

English

Teaching methods

The course consists of a lecture series and case seminars.

Assessment

There is a home exam at this course.

A graded scale of five marks from A to E for pass and F for fail.

There will not be arranged a re-sit exam for this course.

Schedule

Recommended reading/syllabus

Literature will be announced in Fronter at the beginning of term or may be obtained by contacting the bookstore Akademisk Kvarter (Tromsø).