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Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS FIN 4237 ENTEPRENEURIAL FINANCE ELECTIVE 3 0 0 5

Offered By

BUSINESS ADMINISTRATION

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

PROFESSOR DOCTOR BERNA KIRKULAK ULUDAĞ

Offered to

BUSINESS ADMINISTRATION

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   Illustrate the financial aspects of the day to day operations of a venture by pointing out an understanding of working capital management (Level 2). 3   Employ financial planning techniques in order to construct proforma financial statements (Level 3). 4   Examine financial statements in order demonstrate an understanding of profit, profitability and break even (Level 4). 5   Identify different valuation techniques in order to estimate the market value of a venture. (Level 2). 6   Recognize applications of capital budgeting techniques and real options to project analysis in order to account for risk in investment decisions. (Level 2).

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

FIN 2002 - BUSINESS FINANCE

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 Debt Financing (Micro Financing, Leasing, Factoring and Forfaiting) 8 Debt Financing (Micro Financing, Leasing, Factoring and Forfaiting) 9 Equity Financing (Venture Capital, Private Equity and Franchising) 10 Personal Finance 11 Case Study 12 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

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA 1 MT Midterm 2 ASS Assignment 3 FN Final 4 FCG FINAL COURSE GRADE MT * 0.30 + ASS * 0.30 + FN * 0.40 5 RST RESIT 6 FCGR FINAL COURSE GRADE (RESIT) MT * 0.30 + ASS * 0.30 + RST * 0.40 *** Resit Exam is Not Administered in Institutions Where Resit is not Applicable.

Further Notes About Assessment Methods

None

Assessment Criteria

40% Midterm (Project)+ 60% Final Exam (Project)

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)

berna.kirkulak@deu.edu.tr

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours) Lectures 12 3 36 Tutorials 0 0 0 Preparation for Midterm Exam 1 18 18 Preparation for Final Exam 1 28 28 Preparation before/After Weekly Lectures 10 2 20 Other : 0 0 0 Total Work Load (hour) 0 0 0 Preparation for Quiz etc. 0 0 0 Preparing Individual Assignments 8 2 16 Preparing Group Assignments 2 5 10 Preparing Presentations 0 0 0 Mid-term 1 1,5 2 Final Exam 1 1,5 2 TOTAL WORKLOAD (hours) 132

Contribution of Learning Outcomes to Programme Outcomes

PO/LO PO.1 PO.2 PO.3 PO.4 PO.5 PO.6 PO.7 PO.8 PO.9 PO.10 PO.11 PO.12 PO.13 PO.14 PO.15 LO.1 5 4 4 3 5 LO.2 5 4 4 3 5 LO.3 5 4 4 3 5 LO.4 5 4 4 3 5 LO.5 5 4 4 3 5 LO.6 5 4 4 3 5