ENTREP 7059 - Project and Innovation Finance and Accounting

North Terrace Campus - Trimester 2 - 2020

Engineers, scientists, technologists and those starting new ventures understand that a good grasp of accounting and financial management disciplines are crucial to success. This course is designed to take such professionals through the essential knowledge and skills development in areas such as: accounting concepts, understanding and analysing financial statements, book keeping, the accounting cycle, cash flow, company accounting, budgeting and planning, an introduction to management accounting. This course introduces financial modelling, analysis of project proposals and cost optimisation. Major topics include the time value of money and capital budgeting processes, depreciation, capitalisation and valuation, sensitivity analysis, value management, earned value, life cycle costing. Application of projects and innovative new ventures.

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Course Details

Course Code	ENTREP 7059
Course	Project and Innovation Finance and Accounting
Coordinating Unit	Entrepreneurship, Commercialisation & Innov Centre
Term	Trimester 2
Level	Postgraduate Coursework
Location/s	North Terrace Campus
Units	3
Contact	Intensive 36 - 40 hours
Available for Study Abroad and Exchange	Y
Assumed Knowledge	ENTREP 5016 (or ENTREP 5036) AND ENTREP 5018 (or ENTREP 5038)
Assessment	Assignments: individual and group

Course Staff

Course Coordinator: Associate Professor Chris Graves

Program Director Contact Details: Postgraduate Entrepreneurship and Innovation
Name: Dr Manjula Dissanayake
email: manjula.dissanayake@adelaide.edu.au

Teaching Staff
Name: Assoc. Professor Chris Graves
email: christopher.r.graves@adelaide.edu.au

Course Timetable

The full timetable of all activities for this course can be accessed from Course Planner.

Course Learning Outcomes

On successful completion of this course, students will be able to:

1	Articulate the importance of accounting concepts and their relationship with corporate governance and reporting requirements in multinational, project-based organisations;
2	Differentiate between the impact of cash vs accrual accounting in preparing financial statements for projects and start-up ventures;
3	Analyse and interpret financial reports to assess financial viability of suppliers,contractors, and venture partners in projects and new ventures;
4	Use internal management reporting concepts such as break-even, contribution margin, and cost-volume-profit analysis to manage cost structures in new ventures;
5	Use financial management concepts such as resource planning and budgeting to determine debt and equity investment, and working capital requirements in high-growth, innovative ventures;
6	Analyse, compare and apply the decision making rules for capital investments between competing projects or venture opportunities.

University Graduate Attributes

This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:

University Graduate Attribute	Course Learning Outcome(s)
Deep discipline knowledge informed and infused by cutting edge research, scaffolded throughout their program of studies acquired from personal interaction with research active educators, from year 1 accredited or validated against national or international standards (for relevant programs)	1-6
Critical thinking and problem solving steeped in research methods and rigor based on empirical evidence and the scientific approach to knowledge development demonstrated through appropriate and relevant assessment	1;3-6
Teamwork and communication skills developed from, with, and via the SGDE honed through assessment and practice throughout the program of studies encouraged and valued in all aspects of learning	3;5;6
Career and leadership readiness technology savvy professional and, where relevant, fully accredited forward thinking and well informed tested and validated by work based experiences	3-6
Intercultural and ethical competency adept at operating in other cultures comfortable with different nationalities and social contexts able to determine and contribute to desirable social outcomes demonstrated by study abroad or with an understanding of indigenous knowledges	1-3
Self-awareness and emotional intelligence a capacity for self-reflection and a willingness to engage in self-appraisal open to objective and constructive feedback from supervisors and peers able to negotiate difficult social situations, defuse conflict and engage positively in purposeful debate	1;3;5;6

Learning Resources

Required Resources

Text book:

The prescribed textbook for this course is: Peter Atrill, Eddie McLaney, David Harvey (2018), Accounting for Non-Specialists eBook (7th Edition), Pearson Australia. Print ISBN: 9781488612589, 1488612587; eText ISBN: 9781488619854, 1488619859

It is essential that you purchase a copy of this text as this is an essential resource for the course (readings and exercises). Although you can purchase a physical copy of the text, based on timeliness of delivery, features and cost, I encourage you to purchase the ebook version.

(Please ensure that you obtain the Australian edition and not the NZ or International edition).

Recommended Resources

Titman, Sheridan, John D. Martin. 2008. Valuation: the art and science of corporate investment decisions. Boston: Pearson Education.

Project Finance Magazine. Complete package of news, analysis, comment and statistics. All seamlessly delivered through traditional and modern media channels. Subscription includes 10 print issues a year, industry sector tailored alerts delivered direct to mobile device or PC, weekly e-news alert, full access to Project Finance magazine online including fully searchable archive dating back to 1999. http://www.projectfinancemagazine.com/

Library Resources
The University of Adelaide’s Barr Smith Library provides a range of learning resources including texts, journals, periodicals, magazines, and access to online databases and information services. It also offers a virtual library which is accessible via the University’s website. Access to the Library's electronic resources.

Online Learning

MyUni is the University of Adelaide's online learning environment. It is used to support traditional face-to-face lectures, tutorials and workshops at the University. MyUni provides access to various features including announcements, course materials, discussion boards and assessments for each online course of study.

Learning & Teaching Modes

This course is offered in blended learning mode with the face-to-face component offered as intensives.

Workload

The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

As a guide, a 3 unit course comprises a total of 156 hours work (this includes face-to-face contact, any online components, and self directed study).

Learning Activities Summary

This is a draft schedule and session dates are a guide only. The timetable may be changed during the course delivery if necessary.

Module	Content	Readings
1	Financial Management & Concept of Wealth	Atrill Chapters 1 & 2
2	Monitoring Performance & Cash Flows	Atrill Chapters 3 & 6
3	Understanding Companies & Analysing Financial Reports	Atrill Chapters 4 & 8
4	Financing the Enterprise over its Lifecycle	Atrill Chapters 13 & 14
5	Using Financial Data for Decision-Making & Costing of Projects & Products	Atrill Chapters 9 & 10
6	Forecasting the Future & Making Investment Decisions	Atrill Chapters 11 & 12

Specific Course Requirements

Students are requested to bring a basic calculator to class in addition to their textbook. The textbook is used extensively during intensive sessions, so ensure you obtain one. As indicated before, the 3rd, 4th, or 5th Australian edition of the prescribed text will suffice.

The University's policy on Assessment for Coursework Programs is based on the following four principles:

Assessment must encourage and reinforce learning.
Assessment must enable robust and fair judgements about student performance.
Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
Assessment must maintain academic standards.

Assessment Summary

An overview of the course assessment appears in the following Table. Details appear in the following section:

#	Assessment Task	Task Type	Length	Weighting	Learning Outcomes
1	MCQ Quizzes (1 per topic x 12 topics = 12 in total)	Individual		20%	1-6
2	Discussion Board Questions (1 per topic x 12 topics = 12 questions)	Individual		10%	1-6
3	Analysing and Interpreting Financial Reports	Group	3,000 words	30%	1,2,3
4	Test	Individual	120 minutes	30%	4,5,6
5	Participation	Individual	ongoing	10%	1-6
	Total			100%

Assessment Related Requirements

Students should attend all classes in order to pass the course. There is considerable experiential learning during classes that build your knowledge and thus enable you to be successful in this course.

Course results may be subject to moderation by the Assessment Review Committee.

Assessment Detail

MCQ Quizzes (1 per topic x 12 topics = 12 in total)

Discussion Board Questions (1 per topic x 12 topics = 12 questions)

Analysing and Interpreting Financial Reports

Test

Workshop participation

Submission

All text based assignments must be submitted via MyUni:

Assignment Submission: Assignments should not be emailed to the instructor; they must be lodged via the MyUni Course site (unless specified to do both).
Cover Sheet: Please include in the assignment a completed University of Adelaide Assessment Cover Sheet (found in MyUni, under Modules) providing details of yourself and your team members (if applicable), your assignment, the course, date submitted, etc. as well as the declaration signed by you that this is your (your team’s) work. Note that the declaration on any electronically submitted assignment will be deemed to have the same authority as a signed declaration.
Backup Copy of Assignments: You are advised to keep a copy of your assignments in case the submitted copy goes missing. Please ensure that all assignment pages are numbered. If your assignment contains confidential information, you should discuss any concerns with the Course Lecturer prior to submission.
Assessment extensions request: An application for Assessment Extension should be made before the due date of the assignment to the Course Lecturer. Normally, extensions will only be granted for a maximum of two weeks from the original assignment submission date. Extensions will only be granted in cases of genuine medical, compassionate or extenuating circumstances. See sections 3 and 7a) i. in particular on assessment extensions in the Modified Arrangements for Coursework Assessment (MACA) Policy.
Failure to submit: Failure to submit an assignment on time or by the agreed extension deadline may result in penalties and may incur a fail grade. Note that a late penalty of 5% of the total available marks for that assessment item will be incurred each day an assignment is handed in late (Unless otherwise stated in 'Assessment Related Requirements' or 'Assessment Detail' above). Assignments handed in after 14 days from the due submission date will fail even if a 100% mark is granted for the work.
Resubmission: of an assignment after reworking it to obtain a better mark will not normally be accepted. Approval for resubmission will only be granted on medical or compassionate grounds.
Appealing a mark or grade: If you are dissatisfied with your mark or grade, you may request a review or re-mark. There must be academic or procedural reasons for your request, so you can’t simply request a re-mark because you are disappointed with your result. For more information on the process see Assessment Grievance: Appealing a mark or grade

Course Grading

Grades for your performance in this course will be awarded in accordance with the following scheme:

M10 (Coursework Mark Scheme)
Grade	Mark	Description
FNS		Fail No Submission
F	1-49	Fail
P	50-64	Pass
C	65-74	Credit
D	75-84	Distinction
HD	85-100	High Distinction
CN		Continuing
NFE		No Formal Examination
RP		Result Pending

Further details of the grades/results can be obtained from Examinations.

Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.

Final results for this course will be made available through Access Adelaide.

Student Feedback

The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.

SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
Student Support
Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
Fraud Awareness

Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student’s disciplinary procedures.

The University of Adelaide is committed to regular reviews of the courses and programs it offers to students. The University of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.

Authorised by:	Deputy Vice-Chancellor and Vice-President (Academic)
Maintained by:	Course Outlines Administrator