- The student knows the most important techniques to analyse the balance sheet and profit & loss account such as ratio analysis and cash flow analysis.The student can execute these analyses and can interpret the results.

- The student knows how to calculate the free cash flow of a firm.

- The student knows the most important techniques to judge the feasibility of an investment project such as the IRR and net present value (NPV). The student can execute these analyses and can interpret the results.

- The student knows how to calculate the WACC and its components such as the cost of debt and the cost of equity.

- The student knows the CAPM. The student is able to execute the calculation of the cost of equity with this model. The student is also able to interpret the outcome of this model.

This concerns a transition curriculum. No contact sessions are provided. The student is only required to participate in the evaluation.

The objective of this course is to providestudents with an understanding of the most important financing sources and problems during the life cycle of an organization: business angels financing, crowdfunding, venture capital (VC), IPO, MBO, MBI, ICO, different sources of debt, sources of working capital.Anotherobjective of this part is to provide students with an understanding of the most important (VC)valuation methods and their application in the context of a private firm. We will use many exercises and real life cases throughout the course.

Detailed course content:

1) Funding sources (BA, VC, incubators, accelerators, crowdfunding, private equity, Corporate VC, public sources, Initial Coin Offerings & Security Token Offerings)

2) Funding process (deal sourcing and screening, preparing the financial plan & forecasting, valuation, term sheet)

3) Growing the venture (monitoring & key metrics, corporate governance)

4) Alternative routes to entrepreneurship (MBO, MBI, LBO, acquisitions, turnarounds)

5) Harvesting & exit