Weekly Assignment
Syllabus
FIN/575 v3
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FIN/575v3: Project Budget and Finance
Course Information
Credits: 3
Description: This course focuses on the development of a financial plan. Students will develop a revenue forecast, draft a budget, and create a profit and loss statement. Students will identify sources of funding, understand the importance of a break-even analysis, and calculate and interpret performance measures for business decision-making and sustainability.
Course Student Learning Outcomes:
1.1 Explain the major elements of a business plan.
1.2 Identify the importance of the financial section and its connectivity with the business plan.
1.3 Evaluate finance as it relates to entrepreneurship.
2.1 Differentiate between the purpose, content, and users of financial statements.
2.2 Explain the importance of the Statement of Cash Flows.
2.3 Use financial analysis techniques to gauge the financial condition of the company.
3.1 Discuss how to manage working capital.
3.2 Interpret the cash conversion cycle.
3.3 Analyze cash flow from operations.
4.1 Discuss cost characteristics and how to manage them.
4.2 Calculate financial outcomes using time value of money concepts.
4.3 Differentiate among the capital budgeting selection criteria Net Present Value (NPV), Internal Rate of Return (IRR), and Payback Methods.
5.1 Assess concepts of value for businesses.
5.2 Recognize various avenues for raising capital.
5.3 Determine the tax implications of business decisions.
6.1 Create a budget to achieve the firm’s financial objectives.
6.2 Explain how to assess business risk and how to lower the risk profile.
Materials
Textbook:
Gibbons, G., Hisrich, R.D., & DeSilva, C.M. (2015). Entrepreneurial Finance: A Global Perspective (1st ed). Thousand Oaks, CA: SAGE.
Schedule Overview
Note: Assignments are due Monday unless indicated otherwise. Initial discussion posts are due Thursday and the 2 required responses are due Monday.