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Syllabus:

Entrepreneurial Financial Management C, 7.5 Credits

Swedish name: Entrepreneurial Financial Management C

This syllabus is valid: 2019-08-19 and until further notice

Course code: 2FE064

Credit points: 7.5

Education level: First cycle

Main Field of Study and progress level: Business Administration: First cycle, has at least 60 credits in first-cycle course/s as entry requirements

Grading scale: VG Pass with distinction, G Pass, U Fail

Responsible department: Business Administration

Revised by: Rector of Umeå School of Business and Economics, 2019-05-09

Contents

The course is focused on financial management within entrepreneurial firms. An entrepreneurial firm is a young, often high growth business. Entrepreneurial firms differentiate themselves from other forms of organizations through being more innovative, flexible, and adaptable. These firms will be examined at all phases of their life cycles, from initial idea generation to the ultimate harvesting of the venture. The main objective is to provide students with an integrated set of concepts and applications drawn from entrepreneurship, finance, and accounting, that will provide a higher understanding of the financial environment in which these firms exist. The student will also be introduced to current trends and research in the field of entrepreneurial finance.

The course is given and examined in English.

Expected learning outcomes

After completing this course, the student should be able to:
  • explain the concepts of entrepreneurial finance and its difference to traditional corporate finance.
  • analyze the financing needs of an entrepreneurial firm.
  • explain how different financial resources of an entrepreneurial firm are managed and monitored, as well as, demonstrate an understanding and skills in issues related to the sale of an entrepreneurial firm.
  • analyze and discuss current research issues in entrepreneurial finance.
  • discuss the development of financial technology (FinTech) and its influence on the financing of entrepreneurial firms.
  • communicate central concepts for the course in English, both orally and in writing.

Required Knowledge

Courses in Business Administration (60 credits) At Basic level (A-level) and Intermediate level (B-level) a minimum of 60 credits. Proficiency in English equivalent to Swedish upper secondary course English B, English/6.

Form of instruction

The learning is supported by lectures, discussions, exercises and cases. The core topics of the course will be covered by lectures, seminars and case studies. The students might also meet guest lecturers whose presentations will be examinable. On several occasions, students will be asked to make oral and written presentations of assignments, case studies and term papers. They will be expected to take an active part in classroom discussions, seminars and case studies.

Examination modes

Examination is based upon a written individual hall exam and group assignments. A passing grade is required for each part.

See each separate module and below.

The following grading system is used:
Pass with distinction (Väl godkänd, VG, 75% or more),
Pass (Godkänd, G, 50% or more)
and Fail (Underkänd U, less than 50%).

Grades on the course are awarded when the student has passed all examinations and compulsory course elements. The course is given and examined in English.

To receive the grade Pass with distinction (VG) in the 30 credits course consisting of four modules of the same size, the student must have achieved Pass with distinction (VG) in at least three out of four modules. In shorter courses for example 7,5 credit courses, 15 credit courses or 22,5 credits courses Pass with distinction (VG) is given when the student has achieved at least 75% of the total weighted points.

A student who does not pass at the time of the written examination will be offered an opportunity to sit a further examination within two months. Beyond that, additional examination opportunities normally arise every academic year, one week prior to the start of the autumn term. If required by specific circumstances, the Director of Studies may decide on other forms of examination

In case of failure on seminar participation or individual and group assignments, compensating assignments must be completed in accordance with instructions given, no later than two weeks after the completion of the module. Mandatory assignments (seminars, written assignments, cases, computer assignments etc.) that have not been handed in within stipulated time must be done the next time the course is offered. If the form of examination does not permit repetition other forms of re-examination may be used.

Exceptions from examination form as stated in the syllabus can be made for a student who has a decision on pedagogical support for disabilities. Individual adaptations of the examination form should be considered based on the student's needs. The examination form shall be adapted within the framework of the expected learning outcomes stated in the course syllabus. At the request of the student, the course responsible teacher, in consultation with the examiner, must promptly decide on the adapted examination form. The decision must then be notified to the student.

When a student has failed an examination on two occasions, he or she has a right to have another grading teacher. A written request for an alternative examiner should be handed to the director of studies no later than two weeks before the next examination opportunity.

A student who has passed an examination can not redo the examination to get a higher grade.
If a student fails to present a photo ID at the occasion of a written exam in an exam room will not be allowed to take the exam.

Disciplinary action may be taken against students who uses unauthorized help aids or in some other way tries to mislead on a test or when another type of task is being evaluated. Rules and regulations concerning the production of academic texts and correct referencing will be applicable to all written assignments. (see instructions in the thesis manual, Thesis Writing in Business Administration). Urkund records may be used for control. In addition, Umeå University rules and regulations for education and research applies.

Educational activities are designed to facilitate students towards achieving expected learning outcomes and can explain, supplement and provide contrast to the course literature and other relevant course materials.

Other regulations

Academic credit transfers are according to the University credit transfer regulations.

Literature

Valid from: 2019 week 34

Leach J. Chris
Entrepreneurial finance
6th edition. : Boston, MA : Cengage Learning : 2016 : pages cm :
ISBN: 9781305968356
Mandatory
Search the University Library catalogue
Reading instructions: or ISNB: 9781337635653 (e-bok)

Umeå School of Business, Economics and Statistics USBE. Thesis writing in Business Administration. Thesis manual. (latest edition)
USBE Företagsekonomi :
https://www.umu.se/en/student/usbe/thesis-and-degree-project-work/

Corporate finance
Berk Jonathan B., DeMarzo Peter M.
4. ed., Global ed. : Harlow : Pearson : 2017 : 1167 s. :
ISBN: 9781292160160
Search the University Library catalogue

Additional individual literature focusing on specific topics will be needed to be able to complete assignments.