SME100 CEO Academy: Module 3 - Financial Management for Growth

Course Synopsis

The objective of this course is to provide entrepreneurs with an integrated set of concepts and applications drawn from entrepreneurship, finance and accounting that will provide understanding of the financial environment in which these firms exist.

We focus on: (1) use of financial statement for ratio analysis; (2) application of operation techniques to examples of small businesses including capital budgeting and working capital management; and (3) discussion of current financial management issues for entrepreneurs including risk management and tax planning

Outcomes

• To understand the structure and content of financial reports. To draw conclusions from the analysis of financial reports and information.

• To understand the importance of cash flows in the different stages of new project innovation and firm life cycle.

• To understand how capital projects, new ventures and innovations might be financed.

• To gain an understanding of various forms of ‘risk’, including financial and operating risks for new innovation projects.