Business Finance
Stonebridge College.
Summary
Overview
This programme is designed for people seeking to understand and apply the principles of finance and financial control of a business. The course is particularly suited to the general manager with responsibility for a small organisation or a department, needing a broad understanding of a range of financial planning and management techniques.
At the end of the course you will be able to:
- Define the need for keeping books
- Describe common book-keeping methods
- Understand credit control techniques and methods
- Devise debt recovery procedures
- Understand costing and pricing models and methods
- Conduct break even analyses
- Prepare a trading budget
- Manage cash and cashflow
- Compose basic financial reports
Description
Module A: book-keeping
? Why keep books?
? Book-keeping methods
? Introduction to VAT
? The analysed cash book
? Sales and purchase day books
? Reconciling the bank account
? Double entry book-keeping
? Single entry systems
Module B: Credit Control
? Cracking the credit problem
? Is my customer credit worthy?
? Credit control routines
? Debt recovery through the courts
? Statutory demands, insolvency and bankruptcy
? VAT and tax relief for bad debts
Module C: Costing & Pricing
? Pricing a product
? Costing a product
? Pricing a service
? Break even analysis
? Contribution theory
? Absorption costing
Module D: Management Accounting
? Budgets
? Cashflow
? Managing cash
? The trading budget
? The profit & loss account
? Management reports
? Manual accounting records
? Computerised accounting records
? Breakeven analysis
Tutor Support
With this course you will have unlimited access to your own personal tutor who specialises in their field of study. It is your personal tutor's role to ensure that you receive constructive feedback and to deal with any queries you may have. You are more than welcome to telephone, fax or email your personal tutor.
You will also have access to a dedicated and friendly team of administrators and course advisors who offer sound and professional guidance and advice when you need it. This ensures that you will never feel neglected and that you willalways succeed!
Assessment Method
After each lesson there will be a question paper, which needs to be completed and submitted to your personal tutor for marking. This method of continual assessment ensures that your personal tutor can consistently monitor your progress and provide you with assistance throughout the duration of the course.
Qualifications
Award 1 is issued by Stonebridge Associated Colleges: Business Finance Certificate
Business Finance Certificate issued by Stonebridge Associated Colleges, to view a sample of the college’s award, please click here.
Award 2 is issued by our Awarding Body: Level 2 Business Finance Award
At the end of this course successful learners will also receive a Level 2 NCFE Award Certificate of Achievement. Our course has been accredited under our NCFE IIQ Licence and the course measurable learning outcomes have been benchmarked at Level 2 (using Ofqual's Qualification and Credit Framework (QCF) level descriptors) to allow you to consider the depth of study, difficulty, and level of achievement involved.
Requirements
There is no experience or previous qualifications required for enrolment on this course. It is available to all students, of all academic backgrounds.
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Legal information
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