Module Details

Module Code: ENES E8009
Full Title New Venture Finance (copy)
Valid From: Semester 1 - 2014/15 ( September 2014 )
Language of Instruction:English
Duration: 1 Semester
Credits: 5
Module Owner: Dermot Clarke
Departments: Unknown
Module Description: no description provided
 
Module Learning Outcome
On successful completion of this module the learner will be able to:
# Module Learning Outcome Description
MLO1 Explain the inter-relationship between the Statement of Financial Position, Income Statement and Cash Flow Statement and interpret these statements
MLO2 Implement the key techniques involved in the management of working capital.
MLO3 Recommend appropriate sources of finance for a given investment requirement.
MLO4 Prepare a set of basic financial projections for inclusion in a business plan.
MLO5 Evaluate the linkages between marketing and production decisions and the financial performance of the organisation
Pre-requisite learning
Module Recommendations
This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named DkIT module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
No recommendations listed
 
Module Indicative Content
Accounting Statements
Introduction to Income Statement, Statement of Financial Position and Cash Flow Statement
Interpretation of Accounts
Financial Analysis using ratios
Working Capital Management
The management of Inventory,Receivables, Payables and Cash
Sources of Finance
Matching suitable sources to the business needs ( Long Term, Medium Term, Short Term , Internal and External ( including grants)
Costing of Projects
Cost behaviour ( Fixed versus variable) and the issues involved in obtaining accurate costings.
Cost, Volume,Profit Analysis
Ascertaining the breakeven level of Sales and performng sensitivity analysis in relation to prices, costs and volumes.
Preparing Budgeted Financial Statements
Preparation of Budgeted financial statements,performing sensitivity analysis on the projected results and commenting on the outcomes
Capital Budgeting
Selection of Alternative Investments.Appraisal techniques for long term investments, including discounted cash flow methods. Post implementation audit procedures.
Financial Modelling
Each of the above NVF concepts will be applied in a financial modelling session in the computer labs. One of the main areas here will be the development of financial projections and costings appropriate for inclusion in a business plan.
Module Assessment
Assessment Breakdown%
Course Work30.00%
Final Examination70.00%
Module Special Regulation
 

Assessments

Full Time

Course Work
Assessment Type Project % of Total Mark 30
Marks Out Of 0 Pass Mark 0
Timing n/a Learning Outcome 4
Duration in minutes 0
Assessment Description
Learners will formulate a business plan and assessment will concentrate on the Financial Aspects of the plan. The financial aspect of the plan will normally comprise projected income statement, Statement of Financial Position and a cash budget. The expectation is that learners will perform sensitivity analysis on the finacial statements.
No Project
No Practical
Final Examination
Assessment Type Formal Exam % of Total Mark 70
Marks Out Of 0 Pass Mark 0
Timing End-of-Semester Learning Outcome 1,2,3,5
Duration in minutes 0
Assessment Description
End-of-Semester Final Examination
Reassessment Requirement
A repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

DKIT reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact New Venture Finance Concepts Every Week 1.50 1.5
Practical Contact Financial Modelling using spreadsheets Every Week 1.50 1.5
Directed Reading Non Contact NVF Concepts Every Week 2.00 2
Independent Study Non Contact Financial Modelling Every Week 3.00 3
Total Weekly Learner Workload 8.00
Total Weekly Contact Hours 3.00
This module has no Part Time workload.
 
Module Resources
Recommended Book Resources
  • Dyson J.R.. (2010), Accounting for Non Accounting Students, 8th. Financal Times Management; 8 edition (July 14, 2010), Lonndon, [ISBN: 978-0273722977].
Supplementary Book Resources
  • Adelman PJ, Marks A M. (2006), Entrepreneurial Finance for Small Business, 4th. Prentice Hall 2006.
  • Power, Walsh, O'Meara. Financial Management ( An Irish Text), Gill and Macmillan.
  • BPP. (2004), Managing Financial Resources and Decisions, First. 1-10, BPP, [ISBN: 0-7517-1244-2].
This module does not have any article/paper resources
Other Resources
  • [CD Rom], Anthony Jay. (1993), The Balance Sheet Barrier, Video Arts.
  • [CD Rom], Anthony Jay. (1978), The Contol of Working Capital, Video Arts.
  • [CD Rom], John Hemingway. (1984), Budgeting, Video Arts.
 
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