Business Finance

Business Finance

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

Modules

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

Entry Requirements

There is no experience or previous qualifications required for enrolment on this course. It is available to all students, of all academic backgrounds.

All course fees, inclusive of all payment plans including our Premium Credit Limited option, must be settled before certification can be ordered.

*You will have access to the course for 24 months.

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.

On successful completion of your course you will receive the learndirect Certificate of Completion of Training in Business Finance.

Your course certificate will also state the number of CPD points/hours the course is eligible for.

View a sample of the certificate (opens in new window)

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