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ENT 240 Funding and Finance for Entrepreneurs

This course covers sources of capital options, basic financial knowledge, and forecasting skills. Topics include ratio analysis, financial oversight, and cash flow necessary to develop and maintain a business.

Credits

3

Prerequisite

Prerequisite: (MAT 152 or higher) and ACC 101 and BUS 101 and OAT 152

See Course Syllabus

Course Number and Title:

ENT 240 Funding and Finance for Entrepreneurs

Campus Location

  • Dover
  • Georgetown
  • Wilmington

Effective Date

202651

Prerequisites

Prerequisite: (MAT 152 or higher) and ACC 101 and BUS 101 and OAT 152

Course Credits and Hours

3 credit(s)

3 lecture hours/week

0 lab hours/week

Course Description

This course covers sources of capital options, basic financial knowledge, and forecasting skills. Topics include ratio analysis, financial oversight, and cash flow necessary to develop and maintain a business.

Additional Materials

None

Required Text(s)

Obtain current textbook information by viewing the campus bookstore - https://www.dtcc.edu/bookstores online or visit a campus bookstore. Check your course schedule for the course number and section.

Disclaimer

None

Core Course Performance Objectives (CCPOs)

  1. Explain the basic concepts of finance and the importance of each as they relate to entrepreneurship. (CCC 1, 5, 6; PGC 2, 5)
  2. Explain the role of financial management and the use of financial statements in a small firm. (CCC 2, 3, 6; PGC 2, 5)
  3. Illustrate the purpose and use of a financial statement analysis. (CCC 2, 5, 6; PGC 2, 5)
  4. Analyze the profit, profitability, and break-even point for a firm. (CCC 1, 2, 5, 6; PGC 2, 5)
  5. Describe the importance of forecasting and working capital management. (CCC 1, 2, 4, 5, 6; PGC 2, 5)
  6. Distinguish between personal finances and business finances for a firm. (CCC 1, 2, 4, 5, 6; PGC 1, 2)

See Core Curriculum Competencies and Program Graduate Competencies at the end of the syllabus. CCPOs are linked to every competency they develop.

Measurable Performance Objectives (MPOs)

Upon completion of this course, the student will:

  1. Explain the basic concepts of finance and the importance of each as they relate to entrepreneurship.
    1. Explain the basic economic concepts of finance.
    2. Distinguish between economic capital and financial capital.
    3. Discuss the relationships between supply and demand for money and interest rates.
    4. Describe the relationship between risk and return on investment.
    5. Distinguish between systematic and unsystematic risk, and explain the impact on business.
  2. Explain the role of financial management and the use of financial statements in a small firm.
    1. Distinguish between strategic and functional business planning.
    2. Discuss the financial implications of the basic forms of business ownership.
    3. Identify the basic sources of financing for a business.
    4. Discuss the basic components of the accounting equation.
    5. Explain the various financial statements provided to a business.
    6. Explain how financial statements are used by business owners.
    7. Identify some of the benefits and limitations of collateral.
  3. Illustrate the purpose and use of a financial statement analysis.
    1. Compare and contrast an industry analysis of a company's financial statements.
    2. Compare and contrast an historical analysis of a company's financial statements.
    3. Calculate a ratio analysis of a company's financial statements.
    4. Distinguish among liquidity, activity, leverage, profitability, and market ratios.
  4. Analyze the profit, profitability, and break-even point for a firm.
    1. Differentiate between efficiency and effectiveness in a firm's operations.
    2. Analyze the factors affecting the profitability of a firm.
    3. Determine the break-even point when given the variable costs, fixed costs, and revenue of a firm.
    4. Calculate and analyze a break-even chart.
  5. Illustrate the importance of forecasting and working capital management.
    1. Examine the importance of a sales forecast under various scenarios.
    2. Compare forecasting models, and select an appropriate model for a small firm.
    3. Examine the relationships among revenue base, sales forecasts, assets, and need for financing.
    4. Examine the general concept of working capital management.
    5. Compare and contrast the methods of managing disbursement and collection of cash to increase profitability.
    6. Identify the effects on a business of the management of inventory, accounts receivable, and accrued liabilities.
  6. Distinguish between personal finances and business finances for a firm.
    1. Explain the overall nature of risk for individuals and businesses.
    2. Distinguish between speculative risk and pure risk.
    3. Discuss various investment vehicles to accumulate and preserve capital.
    4. Explain various retirement strategies for the business owner.
    5. Discuss estate planning's importance in the transfer of wealth.

Evaluation Criteria/Policies

The grade will be determined using the Delaware Tech grading system:

90-100 = A
80-89 = B
70-79 = C
0-69 = F
Students should refer to the Catalog/Student Handbook for information on the Academic Standing Policy, the Academic Integrity Policy, Student Rights and Responsibilities, and other policies relevant to their academic progress.

Final Course Grade

Calculated using the following weighted average

Evaluation Measure

Percentage of final grade

Summative Assessments

Exams (3) (equally weighted)

60%

Completed 3 Year Cash Flow Report

20%

Formative Assessments

The course will contain various formative assessments including but not limited to:

  • Assignments
  • Activities
  • Quizzes
  • Participation
  • Discussion Boards
  • Homework

20%

TOTAL

100%

Program Graduate Competencies (PGCs are the competencies every graduate will develop specific to his or her major)

  1. Integrate professional, ethical, and legal standards into business decision-making.
  2. Apply foundational business concepts that lead to strategic thinking and the ability to analyze complex problems.
  3. Use professional and technology-based skills that are relevant to the dynamic business environment.
  4. Employ effective communication skills and collaboration strategies to promote positive organizational outcomes.
  5. Apply skills necessary to analyze and interpret business and financial data for decision-making purposes.


Core Curriculum Competencies (CCCs are the competencies every graduate will develop)

  1. Apply clear and effective communication skills.
  2. Use critical thinking to solve problems.
  3. Collaborate to achieve a common goal.
  4. Demonstrate professional and ethical conduct.
  5. Use information literacy for effective vocational and/or academic research.
  6. Apply quantitative reasoning and/or scientific inquiry to solve practical problems.

Students in Need of Accommodations Due to a Disability

We value all individuals and provide an inclusive environment that fosters equity and student success. The College is committed to providing reasonable accommodations for students with disabilities. Students are encouraged to schedule an appointment with the campus Disabilities Support Counselor to request an accommodation needed due to a disability. The College's policy on accommodations for persons with disabilities can be found in the College's Guide to Requesting Academic Accommodations and/or Auxiliary Aids Students may also access the Guide and contact information for Disabilities Support Counselors through the Student Resources web page under Disabilities Support Services, or visit the campus Advising Center.

Minimum Technology Requirements

Minimum technology requirements for online, hybrid, video conferencing and web conferencing courses.

Academic Integrity

https://dtcc.smartcatalogiq.com/Current/Catalog/Academics/Academic-Integrity

Attendance

https://dtcc.smartcatalogiq.com/Current/Catalog/Search?q=attendance

Cell phone/Electronic Device

https://dtcc.smartcatalogiq.com/Current/Catalog/Student-Policy/Cell-Phone-and-Electronic-Device-Policy

Tuition Adjustment Policy

https://dtcc.smartcatalogiq.com/Current/Catalog/Financial/Tuition-Fee-Adjustment-Policy-Course-or-Semester-Withdrawal