BUS-157 - Entrepreneurial Finance - John J Francis
| Course: | Entrepreneurial Finance |
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| Professor: | John J Francis |
| Email: | john.francis@canyons.edu |
| Format: |
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| Course Length: |
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Introduction
Hi,
My name is Professor John Francis and welcome to BUS157 Entrepreneurial Finance.
One of the most important concepts of opening your own business is how to acquire and manage financing. This class will explore how entrepreneurs manage their finances and budget their businesses as they begin. We will discuss the required documents, the time-value of money, and the forecasting required to manage a business. We will also look at sources of financing and how a business can operate profitably. Finance is a critical aspect of running a new business. I look forward to working with you and answering questions during our class.
Please contact me with any questions.
I look forward to seeing you online!
Best regards,
Professor John Francis
john.francis@canyons.edu
541-650-5025
Course Description
Introduces the fundamentals of finance that apply to current or prospective entrepreneurs, including time value of money, cost of capital, working capital management, risk and return, financial performance and the interpretation of financial statements.
Student Learning Outcomes
1. Apply entry-level competence in applying financial concepts and principles to resolve common situations confronted by small businesses.
Course Objectives
1. Differentiate between the financing needs of small, start-up businesses versus corporate entities.
2. Identify financial goals of a for-profit organization.
3. Assess what factors are required to complete a business plan.
4. Explain the financial statements used by businesses.
5. Analyze the components of the basic accounting equation.
6. Perform vertical, horizontal, and ratio analysis of a company's statements and assess the results in light of industry averages.
7. Differentiate between liquidity, activity, profitability, leverage, and market ratios.
8. Calculate the break-even point and contribution margin for a business.
9. Construct pro forma financial statements.
10.Explain the concept of working capital management.
11.Analyze the impact of time value of money on financial planning by applying present value, future value, and annuity calculations to financial decisions.
12.Explain the steps required in making capital budgeting decisions.
13.Analyze the viability of an investment using the payback, net present value, internal rate of return, and accounting rate of return methods.
14.Explain the nature of risk and the role insurance plays in the transfer of risk.
What to Expect in this Course
This class will help students understand the role of finance in creating and establishing a new business. We focus on securing funds to open the business and how to manage the finances after the business begins.
We will discuss analyzing financial documents, sources of capital, and how to invest our money for the business.
Students will prepare a business plan for a new business. This will require analyzing various capital budgeting alternatives using budgeting tools.
This course will include weekly assignments and have weekly readings.
Types of Assessments
Assessments will include class participation (via discussion boards), written assignments, a business plan project, and exams. There will be two midterms and one final exam. Exams will be completely online. No webcam or proctoring software is required.
Textbook Information
| Entrepreneurial Finance, Adelman, Marks, 6th Edition, ISBN 978-0133140514 |
We use the textbook every week and reading is required.
Supplemental material may be provided as well.
Other Relevant Course Information
Students who do well in this class:
- are self-motivated to complete work by deadlines
- are a strong readers and communicate well in writing
- works well in a cooperative learning environment
- have reliable Internet and email access
- knows basic computer skills and have access to Microsoft word
- If this is your first online course, visit the following link to assess your readiness for this course: https://www.canyons.edu/academics/onlineeducation/studentsupport (Links to an external site.)Links to an external site. (Links to an external site.)
- If this is your first online course, also consider taking Counseling 070 (Becoming a Successful Distance Learning Student). This is a one unit course designed to improve your success in online courses.
Additional Resources
Canvas
This course can be accessed on the first day of class via Canvas at https://coc.instructure.com. Log into Canvas using your CanyonsID single sign-on:
- CanyonsID Username is your COC student email address (Ex: username@my.canyons.edu)
- CanyonsID Password is your COC student email password
Please visit the Get to Know Your Online Classroom page for help logging into Canvas and for tips on using Canvas and Zoom. Canvas Chat Support is also available 24/7 for any Canvas related issues.
Online Education
Check out the Online Education website for more information on a variety of topics that can help you be a successful online student such as: exam proctoring, learning styles, computer skills, and tips for student success. If this is your first online course, feel free to take our online learning readiness assessment to assess your skills.
The Learning Center (TLC)
The TLC provides FREE online tutoring resources to COC students!
Academic Accommodation Center (AAC)
College of the Canyons AAC provides educational services and access for eligible students with documented disabilities who intend to pursue coursework at COC. A variety of programs and services are available which afford eligible students with disabilities the opportunity to participate fully in all aspects of the college programs and activities through appropriate and reasonable accommodations. For more information on their services visit the Academic Accomodation Center website.
Online Counseling
The Counseling Department offers appointments online. You can schedule an appointment by visiting the Online Counseling website. Counselors can help you map out a plan to reach your educational goals as well as advise you on course selection and registration.
Management of Stress and Mental Health
Often the pressure on our students is very strong, involving academic commitments, relationships, outside jobs and family pressure to name a few. The staff and faculty of College of the Canyons are here to see you succeed academically and care about your emotional and physical health. You can learn more about the broad range of confidential student services, including counseling and mental health services available on campus by visiting the Student Health & Wellness Center in the Student Services Building (across from the bookstore). The phone number is 661-362-3259 that you can call 24/7. You can also e mail for an appointment at StudentHealthCenter@canyons.edu. At the Canyon Country Campus the Health Center will be in the new Student Services Building.
Also, the National Suicide & Crisis Lifeline number is now 988. All students at COC are encouraged to enter that phone number in their cells. You can call it when you, or someone you know, is having thoughts of suicide or is in severe distress.
You can also now use the Crisis Text Line: Just text "Courage" to 741741. Someone will get back to you immediately. Its free, 24/7, and confidential.
Veterans Resource Center
The College of the Canyons Veterans Resource Center is a department within the Student Services Division at the college, created to help veterans and veteran dependents with applying to College of the Canyons, enrolling in classes, and requesting VA Education or Vocational Benefits. For more information please visit the Veterans Resource Center website, email veterans@canyons.edu or phone (661) 362-3469.
Library
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Last updated: 07/22/2021 Sub#: 407