COURSE UNIT TITLE

: ENTREPRENEURIAL FINANCE

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
EMB 7021 ENTREPRENEURIAL FINANCE ELECTIVE 3 0 0 6

Offered By

Executive MBA

Level of Course Unit

Second Cycle Programmes (Master's Degree)

Course Coordinator

PROFESSOR PINAR EVRIM MANDACI

Offered to

Executive MBA

Course Objective

The aim of this course is to give the students an understanding dealing with financial issues of start-ups and SMEs, including pro forma financial statement, business valuation models, cash flow analysis, raising capital from private equity, venture capitalists and banks.

Learning Outcomes of the Course Unit

1   Assess the various debt and equity sources of financing available to new and growing businesses in order to select the optimal alternative (Level 3).
2   Ilustrate the financial aspects of the day to day operations of a venture by pointing out an understanding of working capital management
3   Employ financial planning techniques in order to construct proforma financial statements
4   Examine financial statements in order demonstrate an understanding of profit, profitability and break even
5   Identify different valuation techniques in order to estimate the market value of a venture
6   Recognize applications of capital budgeting techniques and real options to project analysis in order to account for risk in investment decisions

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Entrepreneurial Spectrum & Entrepreneurship & Intrapreneurship
2 Profit, Profitability and Break-Even Analysis & Forecasting and Pro Forma Financial Statements
3 Working Capital Management & Cash Flow Management
4 Capital Budgeting & Project Analysis under Risk: Sensitivity Analysis and Monte Carlo Analysis
5 Project Analysis under Risk: Real Options
6 Corporate Valuation
7 Midterm
8 Debt Financing (Micro Financing, Leasing, Factoring and Forfaiting)
9 Debt Financing (Micro Financing, Leasing, Factoring and Forfaiting)
10 Debt Financing (Micro Financing, Leasing, Factoring and Forfaiting)
11 Equity Financing (Venture Capital, Private Equity and Franchising)
12 Personal Finance
13 Case Study
14 Case Study

Recomended or Required Reading

1. Entrepreneurial Finance (Richard L. Smith and Janet Kiholm Smith; John Wiley and Sons, Inc.; 2004)

Planned Learning Activities and Teaching Methods

1. Lecture
2. Case Study
3. Problem Session

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 STT TERM WORK (SEMESTER)
3 FIN FINAL EXAM
4 FCG FINAL COURSE GRADE MTE * 0.30 + STT * 0.30 + FIN* 0.40
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.30 + STT * 0.30 + RST* 0.40

Further Notes About Assessment Methods

None

Assessment Criteria

1. The learner will assess the various debt and equity sources of financing available to new and growing businesses in order to select the optimal alternative.
2. The learner will illustrate the financial aspects of the day to day operations of a venture by pointing out an understanding of working capital management.
3. The learner will use financial planning techniques in order to construct proforma financial statements.
4. The learner will examine financial statements in order demonstrate an understanding of profit, profitability and break even.
5. The learner will identify different valuation techniques in order to estimate the market value of a venture.
6. The learner will recognize applications of capital budgeting techniques and real options to project analysis in order to account for risk in investment decisions.

Language of Instruction

English

Course Policies and Rules

1. Attending at least 70 percent of the lectures is mandatory.
2. Violations of plagiarism of any kind will result in a disciplinary action.

Contact Details for the Lecturer(s)

To be announced.

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 13 3 39
Preparations before/after weekly lectures 12 3 36
Preparation for midterm exam 1 20 20
Preparation for final exam 1 25 25
Preparing assignments 10 2 20
Final 1 2 2
Midterm 1 2 2
TOTAL WORKLOAD (hours) 144

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8
LO.155552424
LO.255352424
LO.355452424
LO.455452424
LO.555452424
LO.655552424