Entrepreneurial Finance for SMEs MGT5263
- Academic Session: 2020-21
- School: Adam Smith Business School
- Credits: 10
- Level: Level 5 (SCQF level 11)
- Typically Offered: Semester 1
- Available to Visiting Students: No
- Available to Erasmus Students: No
This course exposes students to the business decisions, financial techniques, and procedures applied to entrepreneurship in SME settings.
9 x 2 hour lectures over 5 weeks.
3 x 2 hour tutorials.
25% group work including presentation and 75% examination. The examination will consist of questions designed to test both the comprehension and abilities of students in the key ILOs. The presentation is of a single group business proposal including marketing and strategy as well as finance, to cover all three core subjects. This is assessed at 25% of each course.
Main Assessment In: December
This course introduces students to business decision making, using financial techniques, and procedures applied to entrepreneurship in SME settings. Students should be equipped to understand the financial environment in which entrepreneurs exist and to make strategic, investment and business decisions by considering critically the stages of a venture's life cycle, resource allocation, investment and financial options. The active management of failing companies is made clear to students. Other topics include understanding financial statements and cash flow analysis, business valuation models, and funding structures and raising capital in the context of developing a business plan.
Intended Learning Outcomes of Course
By the end of this course students will be able to:
■ Examine critically appropriate sources of finance for an SME.
■ Identify the stages of a business life cycle and use business valuation models across life cycle stages.
■ Identify and use accounting data and financial techniques for a range of entrepreneurial business (resource allocation) decisions including working capital management, investment and planning.
■ Evaluate the risk of investments and causes of failure for an SME and identify how enterprises can be turned around.
■ Conduct a basic analysis of financial statements and ratios.
■ Develop and prepare a business plan, with specific reference to resource planning.
■ Evaluate financial proposals from investors.
Minimum Requirement for Award of Credits
Students must submit at least 75% by weight of the components (including examinations) of the course's summative assessment.