Unit information: Entrepreneurial Finance in 2024/25

Unit name Entrepreneurial Finance
Unit code ACFIM0048
Credit points 20
Level of study M/7
Teaching block(s) Teaching Block 2 (weeks 13 - 24)
Unit director Dr. Diwen Gao
Open unit status Not open
Units you must take before you take this one (pre-requisite units)

None

Units you must take alongside this one (co-requisite units)

None

Units you may not take alongside this one

None

School/department School of Accounting and Finance - Business School
Faculty Faculty of Social Sciences and Law

Unit Information

Why is this unit important?

Understanding Entrepreneurial Finance is vital for navigating the intricate financial landscape of starting and growing a business. This unit offers essential insights into funding mechanisms at each stage of a start-up’s journey, covering topics such as venture capital and private equity financing, valuations, and exit strategies. It is suitable for not only those interested in starting a business but also those looking to join a start-up, invest in start-ups, or even become start-up consultants. The unit is both theoretical and practical, empowering future entrepreneurs and investors to make strategic decisions that define success in a competitive marketplace.

How does this unit fit into your programme of study

This unit will be a suitable addition to all accounting- or finance- related master programmes at the University, as it provides a practical understanding of how accounting and finance are applied in start-up environments. It equips students with cutting-edge tools to navigate the dynamic entrepreneurial landscape, fostering innovative thinking and diversifying their career trajectories beyond conventional finance roles.

Your learning on this unit

An Overview of Content

  1. Assessing Financing Options: Analysis of alternative funding sources for entrepreneurs, spanning incubators, accelerators, crowdfunding, business angels, venture capital, private equity, corporate venture capital, and public funding sources.
  2. Navigating the Financing Process: Insights into the venture finance acquisition process, including deal sourcing and screening, development of financial plans, valuation of new ventures, and negotiation of term sheets.
  3. Growing the Venture: Strategies for driving growth and maintaining control by utilising monitoring tactics and key metrics, corporate governance mechanisms, and intellectual property (IP).
  4. Diversifying Entrepreneurial Ventures: Exploration of alternative entrepreneurial strategies, focusing on management buy-ins and buyouts, turnarounds, and impact investing.
  5. Realising Successful Exits: Examination of exit strategies, including initial public offerings (IPOs), acquisitions (trade sales), and buyouts.

How students will, personally, be different as a result of this unit

  1. Enhanced Practical Understanding: Students will gain experience in applying accounting and finance principles within the context of new ventures, boosting their confidence and proficiency in real-world scenarios.
  2. Expanded Perspective: Exposure to the entrepreneurial landscape will broaden students’ outlook, fostering innovative thinking and encouraging them to explore unconventional career paths beyond traditional finance roles.

Learning Outcomes

Upon completing this unit, students will be able to:

  1. Recognise the various stages of a start-up’s financial lifecycle and the specific financial needs at each stage.
  2. Evaluate various funding sources available to start-ups, including the advantages and limitations of each.
  3. Prepare financial plans for start-ups.
  4. Employ valuation techniques to estimate the worth of early-stage ventures.
  5. Prepare and analyse term sheets, understanding their strategic implications in venture financing.
  6. Assess emerging trends and practices in entrepreneurial finance.

How you will learn

Teaching will be delivered through a combination of synchronous and asynchronous sessions including lectures, tutorials, and other online learning opportunities.

How you will be assessed

Tasks which help you learn and prepare you for summative tasks (formative):

There will be weekly exercise lectures, which serve as collaborative workshops where students work on exercise questions, engage in group discussions, refine their assignments, and prepare for presentations. Additionally, students can seek clarification and guidance from the lecturer, fostering a supportive learning environment.

Tasks which count towards your unit mark (summative):

50% - Group written assignment (3500 words), covering ILO1, ILO2, ILO3, ILO4, ILO5 and ILO6

50% - Group presentation (20 minutes), covering ILO1, ILO2, ILO3, ILO4, ILO5 and ILO6

When assessment does not go to plan

Any re-assessment required will be a like for like individual assessment. Students who failed the group assignment will be re-assessed by a 700-word written assignment (individual). Students who failed the group presentation will be re-assessed by a 4-minute individual presentation.

Resources

If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.

If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. ACFIM0048).

How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours of study to complete. Your total learning time is made up of contact time, directed learning tasks, independent learning and assessment activity.

See the University Workload statement relating to this unit for more information.

Assessment
The assessment methods listed in this unit specification are designed to enable students to demonstrate the named learning outcomes (LOs). Where a disability prevents a student from undertaking a specific method of assessment, schools will make reasonable adjustments to support a student to demonstrate the LO by an alternative method or with additional resources.

The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit. The Board considers each student's outcomes across all the units which contribute to each year's programme of study. For appropriate assessments, if you have self-certificated your absence, you will normally be required to complete it the next time it runs (for assessments at the end of TB1 and TB2 this is usually in the next re-assessment period).
The Board of Examiners will take into account any exceptional circumstances and operates within the Regulations and Code of Practice for Taught Programmes.