Course Title: Finance and Regulation for Entrepreneurs

Part A: Course Overview

Course Title: Finance and Regulation for Entrepreneurs

Credit Points: 12


Terms

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

BUSM1313

City Campus

Undergraduate

630H Management

Face-to-Face

Sem 2 2006,
Sem 2 2007,
Sem 2 2008,
Sem 1 2009,
Sem 1 2010,
Sem 1 2011,
Sem 2 2012,
Sem 1 2013,
Sem 1 2014,
Sem 1 2015,
Sem 1 2016,
Sem 1 2017

BUSM4404

RMIT University Vietnam

Undergraduate

630H Management

Face-to-Face

Viet3 2016,
Viet2 2017

Course Coordinator: Dr Nthati Rametse

Course Coordinator Phone: +61 3 9925 5498

Course Coordinator Email: nthati.rametse@rmit.edu.au

Course Coordinator Location: Melbourne City Campus. Building 80

Course Coordinator Availability: By appointment


Pre-requisite Courses and Assumed Knowledge and Capabilities

Assumed Knowledge
You are expected to have an understanding of accounting concepts. You should be able to discuss and apply general techniques of cost and management accounting, and compile and use basic general-purpose financial reports in business decision-making.


Course Description

This course examines the core concepts of financial management and the principles of the legal and regulatory environment that affect entrepreneurial businesses. The course presents fundamentals of entrepreneurial finance, incorporating investing and financing for both short and long-term decision making. You will explore financial planning, time value of money, issues and risks relating to capital budgeting. You will also examine regulations for which approval is required for areas such as consumer protection, taxation, employment law (including the Fair Work Act 2000) and Occupational Health and Safety Law.


Objectives/Learning Outcomes/Capability Development

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On successful completion of this course you will be able to:

  1. Work in teams to construct, analyse, monitor and evaluate plans, budgets and regulatory issues which will be presented to management.
  2. Perform an analysis of short-term financial management, net working capital and compare the related trade-off between profitability and risk.
  3. Perform differential analysis on long-term decision making in capital budgeting and evaluate problems involving time value of money.
  4. Collaboratively apply the legal requirements for business approvals and determine how they apply to the protection of ideas to Australian enterprises.
  5. Analyse the regulatory issues relating to the operational aspects of a business such as employment, work, health and safety, consumers and competition, insurance and taxation and establish the legal and risk management requirements to the business.


Overview of Learning Activities

In this course you will be encouraged to be an active learner. Your learning will be supported through various in-class and online activities comprising individual and group work. These may include quizzes; assignments; prescribed readings; sourcing, researching and analysing specific information; solving problems; conducting presentations; producing written work and collaborating with peers on set tasks or projects.


Overview of Learning Resources

Various learning resources are available online through MyRMIT Studies\Blackboard. In addition to topic notes; assessment details and a study schedule you may also be provided with links to relevant online information; readings; audio and video clips and communication tools to facilitate collaboration with your peers and to share information.

Resources are also available online through RMIT Library databases and other facilities. If you require assistance with the RMIT library facilities contact the Business Liaison Librarian for your school. Contact details for Business Liaison Librarians are located online on the RMIT Library website.

Additional resources and/or sources to assist your learning will be identified by your course coordinator will be made available to you as required during the teaching period.


Overview of Assessment

The assessment tasks, their weighting and the course learning outcomes to which they are aligned are as follows:

Assessment Task 1: 20%
Linked CLOs: 1, 2, 3, 4, 5

Assessment Task 2: 40%
Linked CLOs: 1, 4, 5

Final Exam: 40%
Linked CLOs: 1, 2, 3, 4, 5

Feedback will be provided throughout the semester in class and/or in online forums through individual and group feedback on practical exercises and by individual consultation.