Finance for Creative Businesses PG (11498.1)

Please note these are the 2022 details for this unit
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Finance for Creative Businesses PG
Available teaching periods Delivery mode Location
View teaching periods
EFTSL Credit points Faculty
0.125 3 Faculty Of Business, Government & Law
Discipline Study level HECS Bands
Canberra Business School Post Graduate Level Band 4 2021 (Commenced After 1 Jan 2021)
Band 4 2021 (Commenced After 1 Jan Social Work_Exclude 0905)
Band 5 2021 (Commenced Before 1 Jan 2021)
In this unit students will investigate the risk and reward characteristics of creative ventures, in particular the challenges of high variance and uncertainty in performance, and intangibility of the underlying asset class (intellectual property). Financing strategies that address these characteristics are typically complex with multiple parties having different expectations and risk profiles. Creative firms must integrate project financing with the demands of an ongoing business. Students will learn how to build simple financial models and perform Net Present Value and Internal Rate of Return calculations.

Learning outcomes

On completion of this unit, students will be able to:
1. Evaluate the probable financial risks and rewards of a creative venture and construct an appropriate financial tool;
2. Analyse the financial implications of a creative venture for the creative firm;
3. Assess the risk and reward preferences of prospective investors in a creative venture;
4. Critically analyse the financial characteristics of intellectual property as an asset class; and
5. Construct a financial model of a creative venture.


Graduate attributes

1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
1. UC graduates are professional - work collaboratively as part of a team, negotiate, and resolve conflict
2. UC graduates are global citizens - behave ethically and sustainably in their professional and personal lives
2. UC graduates are global citizens - make creative use of technology in their learning and professional lives
2. UC graduates are global citizens - think globally about issues in their profession
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas


Prerequisites

None.

Corequisites

None.

Incompatible units

None.

Equivalent units

None.

Assumed knowledge

None.
Year Location Teaching period Teaching start date Delivery mode Unit convener
Not available

Required texts

Financial Management: Principles and Applications (8e), by Sheridan Titman, Tony Martin, Arthur J. Keown & John D. Martin, ISBN: 9781488620157

Here are the links to where students can purchase either the textbook or eBook direct from the publisher

Textbook - https://www.pearson.com.au/9781488617218 

eBook - https://www.pearson.com.au/9781488620157

Recommended reading:

The Wisdom of Finance: How the Humanities Can Illuminate and Improve Finance by Mihir Desai 

Available at: https://www.amazon.com.au/Wisdom-Finance-Humanities-Illuminate-Improve/dp/1788160053/

The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness by Morgan Housel

Available at: https://www.amazon.com.au/Psychology-Money-Morgan-Housel/dp/0857197681/

Participation requirements

It is recommended that students attend all classes. Students who do not attend regular classes will be disadvantaged in terms of their learning.

Required IT skills

You are assumed to have adequate skills in the use of a calculator, computer, word-processing, spreadsheet modelling and internet browsing.

You are also assumed to be familiar with LearnOnline. If you feel you do not have adequate skills, please discuss the matter with the unit convener.

Work placement, internships or practicums

There are no WIL requirements in this unit.