BEX5114 Start-up finance and accounting
Faculty of Business and Economics
BEX5114 Start-up finance and accounting is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2021 in Semester 1 and Semester 2 at Caulfield. It has no prerequisites and unlocks 1 unit, leading on to 2 units in all.
- Credit points
- 6
- Offered in 2021
- Semester 1, Semester 2
- Caulfield
- Assessment
- No exam
- 1 task
- Workload
- 144 hours
- per semester
This is the 2021 handbook entry. See the 2027 entry.
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Requisites
Before BEX5114
No prerequisites or corequisites.
After BEX5114
1 unit list BEX5114 as a prerequisite or corequisite.
Overview
Start-up finance and accounting examines the financial life-cycle of new ventures. The unit explores different financing models, including bootstrapping, organic growth, debt and risk capital, and equity financing including angels, venture capital, and crowdfunding. Firm valuation, term sheets and exit strategies are also covered in this unit. By utilising a blended approach to learning that may include face-to-face workshops, gamified simulations and flipped classrooms, students will be equipped to optimise value from financial assets across the business venture life-cycle. The unit provides a strong focus on operational and budgeting elements, in particular cash flow management to develop entrepreneurial capability in fostering understanding of the critical importance of sound financial acumen in becoming profitable.
Offerings in 2021
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | On campus |
| Second semester | Caulfield | On campus |
Assessment
- Within semester assessment100%
Learning outcomes
When you finish this unit, you should be able to:
- 1
enable effective analysis and understanding of the implications of various sources of start-up capital
- 2
develop the required abilities to read and develop financial statements and to use this capability to inform strategic and operational decision-making
- 3
demonstrate a sound understanding of what profitability looks like
- 4
facilitate understanding of firm valuation approaches
- 5
nurture critical problem-solving skills informed by sound financial acumen
- 6
understand the importance of being both a leader and a team player.
Workload and teaching
- Workshops36 hours
- Teaching approachActive learning
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
This unit is offered by the Entrepreneurship Portfolio in the Business School and is guided by our four defining values:
Humble excellence
Elevated thinking
Meaningful action
Anchored in community
The core function of the portfolio is to help students develop an entrepreneurial mindset and the capabilities to bring this mindset to life. This means that throughout the unit you will experience ambiguity, moments of chaos and considerable uncertainty as you deep dive into the world of startups, entrepreneurship and innovation. You will be required to spend substantial time outside of class engaging with various stakeholders to help test and validate your ideas and solutions. Each unit within the entrepreneurship portfolio requires you to act, it’s not about sitting in the classroom, coming up with ideas and thinking you’re correct. You will at times be wrong! So, you will need to iterate, adjust and be willing to fail. This is what entrepreneurship is about, it will be hard but incredibly rewarding! If you are not willing to put in the work and give it your best, then this unit is not for you.
Technology Policy
This unit requires your full attention and focus at all times, if you are answering emails, texting, posting or scrolling during lectures and in particular guest presentations you will be asked to leave the class.
Word Limits
You will notice that there are some assessments with no word limits in this unit, this is because the unit is designed to prepare you for the real world. We may provide you with some guidance, but we will not spend time specifying how long a report should be, what font you should use or other bits of information that you, a young professional, need to learn how to judge and decide. Use as many pages/slides/words/pictures that are required to get your insights across in a clear and succinct manner.
Where it fits
BEX5114 is part of 1 area of study in the 2021 handbook.
Contacts
- Chief Examiners
- Professor David Gilbert
Common questions
What are the prerequisites for BEX5114?
BEX5114 has no prerequisites.
What can I take after BEX5114?
BEX5114 is a prerequisite or corequisite for 1 unit, including BEX5415. Those lead on to 2 units in all.
When is BEX5114 offered?
In 2021, BEX5114 runs in Semester 1 and Semester 2 at Caulfield.
How much work is BEX5114?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does BEX5114 have an exam?
No. BEX5114 has 1 assessment task and no exam.
Which majors and minors include BEX5114?
BEX5114 is part of Entrepreneurship.