Business Finance Level 2 (QLS) Course
Distance Learning Course, featuring tutor support and AI assistance, available online or as a study pack option.
Open Learning College
Summary
Funding options available on our website
- QLS & OPA - Free
- Exam(s) / assessment(s) is included in price
- Tutor is available to students
- TOTUM card included in price What's this?
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Overview
Embark on a transformative learning journey with the UK’s most innovative home study provider, offering courses designed to unlock your true potential and facilitate the career change you desire. Access our distance learning courses directly from anywhere, anytime, and acquire industry-recognised Professional Qualifications essential for advancing in your career.
Specifically, explore the flexible and convenient Business Finance (Level 2) course, an ideal way to gain a diploma qualification. Whether you aim for further education, improved job prospects, or expanded knowledge, this comprehensive course allows you to prepare thoroughly for exams or careers through home study. Plus, it’s structured to be accessible and beneficial even if you have no prior knowledge in Business Finance.
This programme offers a comprehensive introduction to the principles and practices of business finance, catering to individuals seeking to enhance their understanding of financial concepts and their application in real-world scenarios. With no prior knowledge required, this course is accessible to beginners who are eager to delve into the world of finance and develop essential skills that are invaluable in various professional settings.
The course content is structured into four modules, each covering essential aspects of business finance. In Module 1, participants are introduced to bookkeeping, a fundamental skill in financial management. They learn how to accurately record financial transactions, maintain ledgers, and prepare financial statements, laying the groundwork for effective financial reporting and analysis.
Module 2 focuses on credit control, a critical function in ensuring the financial health of businesses. Participants learn strategies for managing credit risk, assessing creditworthiness, and implementing effective credit control procedures. By understanding how to monitor and collect outstanding debts, participants gain insights into optimising cash flow and minimising bad debt losses.
Costing and pricing are the focal points of Module 3, where participants explore methodologies for determining the costs of products or services and setting appropriate prices. They learn about various costing methods, such as absorption costing and marginal costing, and how to calculate the cost of goods sold (COGS) to inform pricing decisions. Additionally, participants gain an understanding of pricing strategies and the factors influencing pricing in competitive markets.
In Module 4, participants delve into management accounting, a vital tool for internal decision-making and performance evaluation. They learn how management accountants analyse financial data to support strategic planning, budgeting, and performance measurement. Topics covered include budgeting techniques, variance analysis, and the use of key performance indicators (KPIs) to assess business performance and drive improvements. Through this comprehensive curriculum, participants acquire the knowledge and skills needed to navigate the financial aspects of business operations effectively.
Achievement
Certificates
QLS & OPA
Digital certificate - Included
Open Learning College have undergone external quality checks to ensure that the organisation and the courses’ it offers meet a high standard. Regular reviews of our courses are carried out as part of the endorsement process.
The course depth and study has been benchmarked at Level 3 against level descriptors published by Ofqual.
Visit www.qualitylicencescheme.co.uk for more information.
1. You will receive your accreditation directly from QLS, once you have successfully completed your course (certification fees are included in the course fee).
2. You will receive the Open Pathway Accreditation Diploma (OPA.dip) from Open Learning College.
Course media
Description
Course Key Topics
the Business Finance (Level 2) course is divided into 4 modules.
Module 1: Book-keeping
Module 2: Credit Control
Module 3: Costing & Pricing
Module 4: Management Accounting
What Will You Learn?
- In the Business Finance (Level 2) course, participants will delve into fundamental concepts and practices essential for understanding and managing finances within a business context.
- Students will learn how to interpret financial statements, including balance sheets, income statements, and cash flow statements, to assess the financial health of a company.
- Additionally, they will gain insight into budgeting techniques and financial planning strategies, enabling them to effectively allocate resources and manage costs.
- The course will cover topics such as financial forecasting, capital budgeting, and risk management, equipping learners with the tools to make informed financial decisions.
- Through case studies and practical exercises, students will develop proficiency in financial analysis and gain a deeper understanding of how financial principles apply to real-world business scenarios.
Who is this course for?
- The Business Finance (Level 2) course caters to individuals seeking to deepen their understanding of financial concepts within a business context.
- It is ideal for students pursuing degrees in finance, accounting, or business administration, looking to enhance their knowledge and skills in financial management.
- Additionally, professionals already working in finance-related roles or aspiring entrepreneurs seeking to strengthen their financial acumen will benefit greatly from this course.
- Whether you're aiming to advance your career in finance, improve your business decision-making abilities, or simply gain a better grasp of financial principles, this course provides valuable insights tailored to a diverse audience.
Requirements
- The good news is that no prior learning knowledge or experience is essential to take this course. This course is openly available to anyone wishing to learn more about Business Finance (Level 2) and would like to take part in a highly rewarding distance learning study course.
- We believe that everyone should have the opportunity to expand their knowledge and study further, so we try to keep our entry requirements to a minimum.
- You have the freedom to start the course at any time and continue your studies at your own pace for a period of up to 12 months from initial registration with full tutor support.
Career path
As a financial adviser, you’ll provide clients with specialist advice on how to manage their money. You’ll need to research the marketplace so that you can recommend the most appropriate products and services available and then secure a sale with the client.
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Legal information
This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.