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 2022 in Semester 1 and Semester 2 at Caulfield. It has no prerequisites.
- Credit points
- 6
- Offered in 2022
- Semester 1, Semester 2
- Caulfield
- Assessment
- No exam
- 1 task
- Workload
- 144 hours
- per semester
This is the 2022 handbook entry. See the 2027 entry.
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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 2022
| 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 source and read relevant financial information and to use this capability to inform strategic and operational decision making
- 3
demonstrate a sound understanding of what profitability looks like and how this differs from cash flow
- 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 approachIndustry-based 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 designed to be as practical and experiential as possible. As such, it includes activities such as:
- content being delivered in multiple formats, alongside a weekly workshop that is focused on a simulation each week. Weekly simulations immerse you in real world experiences that are related to the range of accounting and finance concepts related to startup.
- individual research activities and pre-reading, pertaining to content areas being explored, that are then discussed and further elaborated in class. It is expected that you will contribute your own research and ideas to each class, each week. All of the simulations culminate into a final Venture Capital (VC) Game Simulation.
- A unit reflection to show your learning across the semester, using the VC Game as a central muse to unpack your learning experience and application to real life situations.
This unit is peer-learning focused. You will be in a group to navigate the unit, working through particular examples or case studies that you can share with the other groups in the class, effectively broadening everyone's learning experience overall.
This unit provides students with the opportunity to engage in industry-based learning to incorporate professional and industry experience into their studies.
Where it fits
BEX5114 is part of 1 area of study in the 2022 handbook.
Contacts
- Unit Coordinators
- Mr Campbell King
- Chief Examiners
- Professor David Gilbert
Common questions
What are the prerequisites for BEX5114?
BEX5114 has no prerequisites.
When is BEX5114 offered?
In 2022, 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.