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Business Finance Professional
Business Finance deals with the raising and managing of funds. Irrespective of the organisation's size, at some point in time, management will need to address the issues raised when attempting to secure funds for the organisation.
Fund management activities require financial forecasting. This forecasting allows the organisation to develop long term strategic plans for the organisation. Short-term budgets can then devised to meet the organisation's strategic goals.
This course is suitable for anybody who is interested in the financial aspects of an organisation and covers a broad range of relevant financial and managerial issues.
Qualification: Business Finance Professional
On successful completion of your course, you will receive a Stonebridge Associated Colleges Certificate of Completion.
Your course certificate will also state the number of CPD points/hours the course is eligible for.
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.
Unit 1 - Cost and Management Accounting
In this unit, you review the important role played by management accounting in the business world, for example, helping management in decision-making, policy formulation and the achievement of objectives. We contrast historical costing with predetermined costing and look at how costs are classified. This unit provides you with a brief introduction to cost and management accounting with particular attention being paid to absorption costing and marginal costing.
By the end of this unit you will have:
- Explored costs and historical costs.
- Investigated the methods employed by management to control costs.
- Discussed the principles of marginal costing.
- Defined the marginal cost equation.
- Described the uses and limitations of break-even analysis.
Unit 2 - Budgetary Control
Budgetary control is a technique that is essential to the success and survival of any organisation, large or small. In this unit, we illustrate the principles, and what is considered to be good practice. We then consider the benefits of budgeting and follow with a concise appraisal of the rules for effective budgeting. We also produce budgeted profit and loss accounts and budgeted balance sheets, which, together with the cash budget, make up what many companies call the master budget.
By the end of this unit you will have:
- Introduced the household budget.
- Explored the benefits of budgeting.
- Identified the rules for budgeting and budgetary control.
- Examined cash budgets.
- Discussed the behavioural implications of budgets.
Unit 3 - Introduction to Accounting
In this unit, we begin by looking at the background to accounting. We identify different types of business and organisations, and how accounting can serve their needs. We clarify the different areas of financial accounting, management or managerial accounting, and financial management. We consider the basic concepts, conventions and policies adopted when preparing financial statements. We explore the vital differences between profit, profitability and cash flow.
By the end of this unit you will have:
- Introduced the accounting concept.
- Explored the differences between financial and managerial accounting.
- Identified the characteristics of accounting information.
- Investigated the relationship between profit, profitability and cash.
- Examined the fundamental accounting conventions and concepts.
- Described the capital structure of a limited liability company.
Unit 4 - Working Capital Management
In this unit we look at the structure of working capital, the role of working capital management within corporate financial objectives. The significance of the production cycle and the financing cycle and their roles in the working capital cycle are investigated. We look critically at the traditional accounting approach to working capital management and specifically the concepts of solvency and liquidity.
For a more detailed syllabus on this course, click here
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.
What's Included
- All study materials
- Study Guide
- Full Tutor and Admin support
- The course fee includes the awarding body registration and certification fee (valued at up to £30.00).
OUR PASS RATE
Accounting and Finance
97.2%
(National Average 60.7%)
Business Finance Professional
Business Finance deals with the raising and managing of funds. Irrespective of the organisation's size, at some point in time, management will need to address the issues raised when attempting to secure funds for the organisation.
Fund management activities require financial forecasting. This forecasting allows the organisation to develop long term strategic plans for the organisation. Short-term budgets can then devised to meet the organisation's strategic goals.
This course is suitable for anybody who is interested in the financial aspects of an organisation and covers a broad range of relevant financial and managerial issues.
Accounting and Finance
OUR PASS RATE
(National Average 60.7%)
97.2%
On completion of your course, you will receive two certificates:
Certificate 1 is issued by Stonebridge Associated Colleges: Business Finance Professional Diploma
Business Finance Professional Diploma issued by Stonebridge Associated Colleges, to view a sample of the college’s award, please click here.
Certificate 2 is issued by Quality Licence Scheme: Level 3 Business Finance Professional Certificate of Achievement
At the end of this course successful learners will be given the option to receive a Certificate of Achievement from the Quality Licence Scheme and a Learner Unit Summary (which lists the components the learner has completed as part of the course).
The course has been endorsed under the Quality Licence Scheme. This means that Stonebridge Associated Colleges has undergone an external quality check to ensure that the organisation and the courses it offers, meet defined quality criteria. The completion of this course alone does not lead to a regulated qualification* but may be used as evidence of knowledge and skills gained. The Learner Unit Summary may be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this subject. To this end the learning outcomes of the course have been benchmarked at Level 3 against level descriptors published by Ofqual, to indicate the depth of study and level of demand/complexity involved in successful completion by the learner.
The course itself has been designed Stonebridge Associated Colleges to meet specific learners’ and/or employers’ requirements which cannot be satisfied through current regulated qualifications. The Quality Licence Scheme endorsement involves robust and rigorous quality audits by external auditors to ensure quality is continually met. A review of courses is carried out as part of the endorsement process.
The Quality Licence Scheme is part of the Skills and Education Group, a charitable organisation that unites education and skills-orientated organisations that share similar values and objectives. With more than 100 years of collective experience, the Skills and Education Group’s strategic partnerships create opportunities to inform, influence and represent the wider education and skills sector.
The Skills and Education Group also includes two nationally recognised awarding organisations; Skills and Education Group Awards and Skills and Education Group Access. Through our awarding organisations we have developed a reputation for providing high-quality qualifications and assessments for the education and skills sector. We are committed to helping employers, organisations and learners cultivate the relevant skills for learning, skills for employment, and skills for life.
Our knowledge and experience of working within the awarding sector enables us to work with training providers, through the Quality Licence Scheme, to help them develop high-quality courses and/or training programmes for the non-regulated market.
*Regulated qualification refers to those qualifications that are regulated by Ofqual / CCEA / Qualification Wales
To view a sample of the Certificate of Achievement, please click here.
Professional Membership
On completion of this course you will be eligible to join the following Professional Associations(s):
On successful completion of your course your qualification is awarded. You will receive an attractively presented Diploma or Certificate issued by Stonebridge Associated Colleges, this will also allow you to use the letters SAC. Dip. or SAC. Cert. after your name.
Stonebridge Associated Colleges is one of the leading (and biggest) distance education colleges in the U.K and internationally. We have many thousands of students studying with us at any one time from locations all over the world. Our diplomas will always count towards your future, and will improve your prospects of future employment or higher level study etc. by proving that you have studied to a certain level, that you have proficiency in your chosen subjects and that you are interested in your field of choice. Education is always an investment in your future and you will find this to be the case with our qualifications in your jurisdiction.
Unit 1 - Cost and Management Accounting
In this unit, you review the important role played by management accounting in the business world, for example, helping management in decision-making, policy formulation and the achievement of objectives. We contrast historical costing with predetermined costing and look at how costs are classified. This unit provides you with a brief introduction to cost and management accounting with particular attention being paid to absorption costing and marginal costing.
By the end of this unit you will have:
- Explored costs and historical costs.
- Investigated the methods employed by management to control costs.
- Discussed the principles of marginal costing.
- Defined the marginal cost equation.
- Described the uses and limitations of break-even analysis.
Unit 2 - Budgetary Control
Budgetary control is a technique that is essential to the success and survival of any organisation, large or small. In this unit, we illustrate the principles, and what is considered to be good practice. We then consider the benefits of budgeting and follow with a concise appraisal of the rules for effective budgeting. We also produce budgeted profit and loss accounts and budgeted balance sheets, which, together with the cash budget, make up what many companies call the master budget.
By the end of this unit you will have:
- Introduced the household budget.
- Explored the benefits of budgeting.
- Identified the rules for budgeting and budgetary control.
- Examined cash budgets.
- Discussed the behavioural implications of budgets.
Unit 3 - Introduction to Accounting
In this unit, we begin by looking at the background to accounting. We identify different types of business and organisations, and how accounting can serve their needs. We clarify the different areas of financial accounting, management or managerial accounting, and financial management. We consider the basic concepts, conventions and policies adopted when preparing financial statements. We explore the vital differences between profit, profitability and cash flow.
By the end of this unit you will have:
- Introduced the accounting concept.
- Explored the differences between financial and managerial accounting.
- Identified the characteristics of accounting information.
- Investigated the relationship between profit, profitability and cash.
- Examined the fundamental accounting conventions and concepts.
- Described the capital structure of a limited liability company.
Unit 4 - Working Capital Management
In this unit we look at the structure of working capital, the role of working capital management within corporate financial objectives. The significance of the production cycle and the financing cycle and their roles in the working capital cycle are investigated. We look critically at the traditional accounting approach to working capital management and specifically the concepts of solvency and liquidity.
For a more detailed syllabus on this course, click here
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.
What's Included
- All study materials
- Study Guide
- Full Tutor and Admin support
- The course fee includes the awarding body registration and certification fee (valued at up to £30.00).
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Our team of course advisors are keen to help.
Call us now on 0121 392 8288
Alternatively, please complete the form below and we’ll get back to you as soon as possible.
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