Courses & Units

Resource and Risk Management BAA746


This unit is divided into two components. The first component deals with finance – the sourcing and management of funds as well as the valuation of your venture. The second component deals with risk – the understanding of what risk is and how to manage it in a business venture.

As an entrepreneur, you are driven by the product or service you offer, finding your customers and ensuring you outpace your competitors. This unit is designed to help you know the options for funding your new venture and to ensure that you have the funds necessary to see you through the various stages of growth and development in the business cycle. We will also look at the tools that will help you in making investing decisions for your business. An integral part of the financing and investing decisions for your business is an understanding of what your venture is worth in financial terms. We will explore how valuation of a venture assists in sourcing funds as well as harvesting that value to provide you with a return for your entrepreneurship.

You may be taking this unit as a Master of Finance student. If that is the case you may be wondering why are you taking this unit? The answer is that, while entrepreneurs are the consumers of finance, at least in the initial and growth stages of the entrepreneurial process, you could well be one of the key sources of finance for entrepreneurs as you develop a career in finance working for various financial institutions such as banks and/or capital equity firms. This means that you will need to be able to assess the business plans and finance needs of entrepreneurial ventures. This unit will assist you in developing the necessary knowledge and skills to engage in these activities.

Whether we recognise it or not, risk is a constant part of our lives. As entrepreneurs and finance practitioners you are choosing to engage in risky behaviours. However, this should not be seen as a negative but rather an opportunity. This part of the unit will help you to identify, manage, and mitigate the major risks that your venture may face. We will cover principles of risk management, risk management tools, and the development of action plans that will help you get a head start on managing risks – a necessary part of ensuring the success and growth of your venture. By studying risk management, you will be better able to make informed choices when choosing amongst competing courses of action.

The right financial capabilities remain vital throughout the life of your business, whether you are just starting out, have an established business or are looking to sell your business. Your finance and risk management needs will continually develop as your business grows and circumstances change.


Unit name Resource and Risk Management
Unit code BAA746
Credit points 12.5
College/School College of Business & Economics
Tasmanian School of Business and Economics
Discipline Accounting and Accountability
Coordinator Mr Andrew Ross
Available as student elective? No
Delivered By University of Tasmania
Level Postgraduate


This unit is currently unavailable.


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Learning Outcomes

  • Describe how enterprises are resourced at various stages of growth
  • Formulate a plan for managing and leveraging existing resources to achieve business growth
  • Explain and evaluate tools for managing risk in an organisation
Field of Education Commencing Student Contribution 1 Grandfathered Student Contribution 1 Approved Pathway Course Student Contribution 2 Domestic Full Fee
not applicable

1 Please refer here more information on student contribution amounts.
2 Information on eligibility and Approved Pathway courses can be found here
3 Please refer here for eligibility for HECS-HELP
4 Please refer here for eligibility for FEE-HELP

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AssessmentWorkshop (30%)|Case Study (35%)|Case Study (35%)
TimetableView the lecture timetable | View the full unit timetable



You will need the following text:

Leach, JC, and Melicger, RW 2018, Entrepreneurial Finance, 6 th edn, Cengage Learning, Boston, MA.

Rael, R 2012, Strategy and Risk Management: An Integrated Practical Approach, American Institute of Certified Public Accountants, Inc, New York, NY.

Recommended readings

These will be provided from time-to-time via the Content section of MyLO.

In addition to the texts/software recommended above, you are also expected to be familiar with the key academic journals in the discipline from which useful insights may be derived. In particular, you are encouraged to review regularly the relevant papers that are published in:

  • Journal of Finance
  • Journal of Applied Corporate Finance
  • Accounting and Finance

Financial management is a dynamic area. Students are therefore urged to follow current events and developments in finance in the press. This includes reading the following periodical regularly (look for special student offers):


The Australian Financial Review (,

The Economist (,

The Financial Times (,

The Wall Street Journal (


Reading Lists provide direct access to all material on unit reading lists in one place. This includes eReadings and items in Reserve. You can access the Reading List for this unit from the link in MyLO, or by going to the Reading Lists page on the University Library website.

LinksBooktopia textbook finder

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