Dokuz Eylül University Information Package / Courses Catalog

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

ASSISTANT PROFESSOR HABIL GÖKMEN

Offered to

BUSINESS ADMINISTRATION

Course Objective

The aim of this course is to give students an understanding dealing with financial issues of start-ups and SME's, including proforma financial statements, business valuation models, cash flow analysis, raising capital from private equity, venture capitalists and banks.

Learning Outcomes of the Course Unit

1	1. Assess the various debt and equity sources of financing available to new and growing businesses in order to select the optimal alternative
2	2. Illustrate the financial aspects of the day to day operations of a venture by pointing out an understanding of working capital management
3	3. Employ financial planning techniques in order to construct proforma financial statements
4	4. Examine financial statements in order demonstrate an understanding of profit, profitability and break even
5	5. Identify different valuation techniques in order to estimate the market value of a venture.
6	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

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	Presentations
12	Presentations
13	Presentations
14	Presentations

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- Lectures
2- Presentations

Assessment Methods

SORTING NUMBER	SHORT CODE	LONG CODE	FORMULA
1	MT	Midterm
2	PRS	Presentation
3	FCG	FINAL COURSE GRADE	MT * 0.40 + PRS * 0.60

Further Notes About Assessment Methods

Term project criteria:

1- Business description: business idea is clearly conveyed 10 points
2- Industry analysis : identifies industry size, trends and outlook. 10 points
3- Management plan : form of business ownership, organizational chart. 10 points
4- Marketing plan : overall marketing strategy and budget. 10 points
5- Operational plan : human resources and facilities outlined. 10 points
6- Financial plan : comprehensive start-up cost, identify possible sources of financing, provide sales forecasts, income projections, pro-forma financial statements, breakeven analysis and capital budgeting. 50 points

Rating Scale:

This particular element is absent or falls short of expectations and/or it is completely out of place within the given context. - Poor (0 %)

This particular element is somewhat absent and does not entirely fit the context - Fair (40 %)

This particular element is developed satisfactorily and fits the context at an acceptable standard - Good ( 60 %)

This particular element is developed in a good and professional way and fits into the context - Very Good (80 %)

The way this particular element developed is noteworthy and fits perfectly into the context - Excellent (100 %)

Assessment Criteria

40% Midterm + 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)

habil.gokmen@deu.edu.tr

Office Hours

to be announced

Work Placement(s)