Financial Management Online Course
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Enrol for just £19.99
Spread the cost over 10 months
(no credit check required)
Call one of the team to get started TODAY
Ends midnight Monday 21st October

Financial Management

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  • Accreditation by Qualifications Register
  • 8 units
  • 160 guided learning hours

Financial Management

About the Level 4 Financial Management Certificate

Financial managers are usually in charge of sourcing, allocating and controlling financial resources. Effective financial management is essential for a company’s survival. If you see yourself making important decisions that help businesses to run smoothly, this Level 4 distance learning course could be perfect for you.

During the course of this home learning qualification, students will work through eight engaging modules. These informative units cover everything from capital investment and capital management to dividend policy and growth. Altogether the course should take around 160 hours to complete, but we recommend you take all the time you need.

Who should study this course?

This course is aimed at individuals who want to work in finance or accounting. If you already work in this area but you would like to further develop your skills and pursue more responsibilities, this home learning course will help you achieve your goals.

As with all of our courses here at Stonebridge College, anyone can apply to join this programme. You won’t need any prior qualifications. All you will need is a little self-motivation, an interest in finance and the ability to access our online portal.

What happens after the course?

By the end of your studies you will have a wealth of knowledge surrounding the accounting and finance industry. You may choose to build on this knowledge by embarking on further home study experiences. You may even decide to progress to university.

Alternatively, you may choose to use your home study qualification to secure work. If you already have a job, then this certificate my help you to earn a promotion or find a more exciting role. Jobs related to this award include but are not limited to:

  • Finance manager
  • Accountant
  • Bookkeeper

For more information about this course, give us a call on this number: 0121 392 8288

On completion of your course, you will receive two certificates:

Certificate 1 is issued by Stonebridge Associated Colleges: Financial Management Diploma

Financial Management Diploma issued by Stonebridge Associated Colleges, to view a sample of the college’s award, please click here.

Certificate 2 is issued by ABC Awards: Level 4 Financial Management Certificate of Achievement

At the end of this course successful learners will receive a Certificate of Achievement from ABC Awards and Certa Awards 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 ABC Awards and Certa Awards 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 4 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 by Stonebridge Associated Colleges to meet specific learners’ and/or employers’ requirements which cannot be satisfied through current regulated qualifications. ABC Awards & Certa Awards 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.

*Regulated qualification refers to those qualifications that are regulated by Ofqual / CCEA / Qualification Wales

To view a sample of the ABC Certificate of Achievement, please click here.

Requirements for Entry

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

Who are ABC Awards and Certa Awards

ABC Awards and Certa Awards

ABC Awards and Certa Awards have long-established reputations for providing high quality vocational qualifications across a wide range of industries. ABC Awards and Certa Awards combine over 180 years of expertise combined with a responsive, flexible and innovative approach to the needs of our customers.

Renowned for excellent customer service, and quality standards, ABC Awards and Certa Awards also offer regulated qualifications for all ages and abilities post-14; all are developed with the support of relevant stakeholders to ensure that they meet the needs and standards of employers across the UK.

Professional Membership

On completion of this course you will be eligible to join the following Professional Associations(s):

Anyone who is studying for or has completed a course endorsed by an Ofqual approved awarding body is eligible to join Qualifications Register.  The Qualifications Register (QR) is an independent register that aims to serve both members of the public and those professionals who hold recognised qualifications.

QR's primary aim is to provide transparency to members of the public and employers. The QR is a searchable database that allows them to find a practitioner and view the relevant qualification and endorsements the practitioner holds. The member of the public is then able to make an informed decision in relation to the suitability of the practitioner.  QR also tracks whether practitioners have insurance, again something that is useful for members of the public.  QR can also help professionals gain insurance or find professional indemnity cover.  Click here to find out more.

Members of the public can check an independent source with complete confidence that the practitioner has the qualification(s) they claim to have and that any additional CPD the practitioner has, is verified and quality assured to make sure that the CPD is being done on a regular basis. QR tracks a practitioners endorsed CPD (in unison with our CPD accreditation partner Lifetime Awarding) and other key signals to help members of the public and employers to come to a more informed decision about the professional they intend to use. This is an enormously valuable signal that's increasingly important as business becomes more deregulated and privatised.

For practitioners QR helps you market your skills, endorsements and feedback transparently to a wider audience. It also gives you access to a community to help make you more able to progress and succeed in your field of expertise.  Click here to find out more.

Part One: The Investment Decision

Unit 1: Introduction to Financial Management

Section 1: Individual Consumption and Investment

Introduction

1.1 Consumer choice in a perfect market

1.2 Consumption-investment decision

1.3 Consumption, investment and the concept of utility

1.4 Wealth maximisation with borrowing and lending opportunities

Section 2: Fisher's Separation Theorem and Capital Market Efficiency

Introduction

2.1 Fisher's Separation Theorem

2.2 Capital market efficiency

2.3 Random walk concept

Section 3: Efficient Market Hypothesis

Introduction

3.1 EMH and financial management

3.2 EMH as 'bad science'

Unit 2: Capital Investment Appraisal

Section 1: Review of Capital Investment

Introduction

1.1 Capital budgeting decisions

1.2 Methods of capital investments appraisal

1.3 Time value of money

1.4 Internal rate of return

1.5 Computational and conceptual difficulties of IRR

1.6 Net present value

Section 2: Making Investment Decision

Introduction

2.1 Ranking and acceptance under IRR and NPV

2.2 Incremental IRR

2.3 Capital rationing and NPV

Section 3: Other Factors Affecting the Investment Decision

Introduction

3.1 Relevant cash flows

3.2 Capital budgeting and taxation

3.3 NPV and purchasing power risk

Section 4: Risk and Probability in Investment Decisions

Introduction

4.1 Uncertainty and investment appraisal

4.2 Concept of expected net present value

4.3 Standard deviation

4.4 Mean variance analysis

4.5 Certainty equivalent approach

4.6 Investment appraisal in practice

Unit 3: Working Capital Management

Section 1: Nature of Working Capital and its Management

Introduction

1.1 Objectives of working capital management

1.2 Structure of working capital

1.3 Accounting concept of working capital

1.4 Liquidity and accounting profitability

1.5 Working capital cycle

1.6 Operating efficiency

1.7 What happens in the real world

Section 2: Credit Management Strategies

Introduction

2.1 Credit management

2.2 Effective credit price

2.3 Effective discount price

2.4 Decision to discount

2.5 Opportunity cost of capital

2.6 Getting the right balance

2.7 Modelling the credit impact

2.8 Alternative credit policies and corporate profitability

2.9 What happens in the real world?

Part Two: The Dividend Decision

Unit 4: Equity Valuation, Stock Market Data and Investment

Section 1: Equity Valuation

Introduction

1.1 Capitalisation of dividends

1.2 Constant dividend valuation model

1.3 Dividend growth and capital gains models

1.4 Split growth in dividends

1.5 Equity value and capital gains

1.6 Estimating the growth rate in dividends

1.7 Earnings valuation models

Section 2: Interpreting Financial Ratios

Introduction

2.1 Dividend yield and PE ratio

2.2 Guide to stock exchange listings

Section 3: Corporate Investment Appraisal

Introduction

3.1 Cost of equity and investment appraisal

3.2 Taxation and the cost of equity

Unit 5: Dividend Decision and Valuation of Corporate Equity

Section 1: The Dividend Decision: Theoretical Considerations

Introduction

1.1 Dividend policy and equity value

1.2 Dividends as a passive residual

1.3 Shareholder preferences

1.4 Dividend irrelevancy hypothesis

1.5 Modigliani-Miller and the law of one price

1.6 Dividend policy under conditions of uncertainty: the Gordon Growth Model revisited

Section 2: Relevance and Reality of Dividend Policy

Introduction

2.1 Dividend policy and growth

2.2 Dividend policy and taxation

2.3 Clientele theory

2.4 Information content of dividend signalling

Part Three: The Finance Decision

Unit 6: Cost of Capital, Corporate Investment and Market Valuation

Section 1: Marketable Securities: Debentures

Introduction

1.1 Cost of debenture capital

1.2 Impact of taxation

1.3 Taxation lags and issue costs

Section 2: Alternative Sources of Finance and Capital Costs

Introduction

Section 3: Weighted Average Cost of Capital

Introduction

3.1 Defining a company's WACC

3.2 Assumptions underpinning WACC

3.3 Problems of estimating WACC in practice

Section 4: Shareholder Wealth and Capital Costs

Introduction

4.1 Shareholder wealth

4.2 MVA, EVA and free cash flow (FCF)


Unit 7: Financial Policy and Capital Structure

Section 1: Capital Structure and Gearing

Introduction

1.1 Capital structure, risk and investor returns

1.2 Capital structure and shareholder return

1.3 Capital gearing and the traditional view

Section 2: Capital Structure and Modigliani-Miller

Introduction

2.1 MM cost of capital hypothesis

2.2 Proposition I and the arbitrage process

2.3 Proposition I and market equilibrium

2.4 Proposition II and market equilibrium

2.5 Proposition III and market equilibrium

Section 3: MM in the Real World

Introduction

3.1 Rising cost of debt in a tax-less world

3.2 MM model, corporate taxation and value

3.3 MM formulation of capital costs with tax

3.4 Increasing costs of debt and bankruptcy in a taxed world

3.5 Personal taxation and the Miller model of general equilibrium

3.6 Brearley and Myers' reconciliation of debt and taxes

3.7 Market imperfection, behavioural theory and optimal


Part Four: The Portfolio Decision

Unit 8: Portfolio Decision and Risk Management

Section 1: Modern Portfolio Theory

Introduction

1.1 Development of modern portfolio theory

1.2 Combined risk of two investments

1.3 Correlation between two investments

1.4 Risk reduction, diversification and the correlation coefficient

Section 2: Minimising Risk: Portfolio Analysis

Introduction

2.1 Minimisation of risk for a two-asset portfolio

2.2 Finding the minimum variance of a two-asset portfolio

2.3 Multi-asset portfolio

2.4 The optimum portfolio

2.5 Significance of covariance terms

Section 3: Portfolio Analysis, Tobin, Risk and CAPM

Introduction

3.1 Market portfolio and Tobin's Separation Theorem

3.2 Systematic and unsystematic risk

3.3 Beta values and systematic risk

3.4 Traditional Capital Asset Pricing Model

3.5 Criticisms of the CAPM

3.6 Arbitrage Pricing Theory

3.7 Capital budgeting and CAPM

3.8 Estimation of project betas

3.9 Capital structure and the beta coefficient

3.10 Capital structure and the CAPM

3.11 Modigliani-Miller and the CAPM

For a more detailed syllabus on this course, click here

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).

Financial Management

About the Level 4 Financial Management Certificate

Financial managers are usually in charge of sourcing, allocating and controlling financial resources. Effective financial management is essential for a company’s survival. If you see yourself making important decisions that help businesses to run smoothly, this Level 4 distance learning course could be perfect for you.

During the course of this home learning qualification, students will work through eight engaging modules. These informative units cover everything from capital investment and capital management to dividend policy and growth. Altogether the course should take around 160 hours to complete, but we recommend you take all the time you need.

Who should study this course?

This course is aimed at individuals who want to work in finance or accounting. If you already work in this area but you would like to further develop your skills and pursue more responsibilities, this home learning course will help you achieve your goals.

As with all of our courses here at Stonebridge College, anyone can apply to join this programme. You won’t need any prior qualifications. All you will need is a little self-motivation, an interest in finance and the ability to access our online portal.

What happens after the course?

By the end of your studies you will have a wealth of knowledge surrounding the accounting and finance industry. You may choose to build on this knowledge by embarking on further home study experiences. You may even decide to progress to university.

Alternatively, you may choose to use your home study qualification to secure work. If you already have a job, then this certificate my help you to earn a promotion or find a more exciting role. Jobs related to this award include but are not limited to:

  • Finance manager
  • Accountant
  • Bookkeeper

For more information about this course, give us a call on this number: 0121 392 8288

On completion of your course, you will receive two certificates:

Certificate 1 is issued by Stonebridge Associated Colleges: Financial Management Diploma

Financial Management Diploma issued by Stonebridge Associated Colleges, to view a sample of the college’s award, please click here.

Certificate 2 is issued by ABC Awards: Level 4 Financial Management Certificate of Achievement

At the end of this course successful learners will receive a Certificate of Achievement from ABC Awards and Certa Awards 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 ABC Awards and Certa Awards 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 4 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 by Stonebridge Associated Colleges to meet specific learners’ and/or employers’ requirements which cannot be satisfied through current regulated qualifications. ABC Awards & Certa Awards 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.

*Regulated qualification refers to those qualifications that are regulated by Ofqual / CCEA / Qualification Wales

To view a sample of the ABC Certificate of Achievement, please click here.

Requirements for Entry

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

Who are ABC Awards and Certa Awards

ABC Awards and Certa Awards

ABC Awards and Certa Awards have long-established reputations for providing high quality vocational qualifications across a wide range of industries. ABC Awards and Certa Awards combine over 180 years of expertise combined with a responsive, flexible and innovative approach to the needs of our customers.

Renowned for excellent customer service, and quality standards, ABC Awards and Certa Awards also offer regulated qualifications for all ages and abilities post-14; all are developed with the support of relevant stakeholders to ensure that they meet the needs and standards of employers across the UK.

Professional Membership

On completion of this course you will be eligible to join the following Professional Associations(s):

Anyone who is studying for or has completed a course endorsed by an Ofqual approved awarding body is eligible to join Qualifications Register.  The Qualifications Register (QR) is an independent register that aims to serve both members of the public and those professionals who hold recognised qualifications.

QR's primary aim is to provide transparency to members of the public and employers. The QR is a searchable database that allows them to find a practitioner and view the relevant qualification and endorsements the practitioner holds. The member of the public is then able to make an informed decision in relation to the suitability of the practitioner.  QR also tracks whether practitioners have insurance, again something that is useful for members of the public.  QR can also help professionals gain insurance or find professional indemnity cover.  Click here to find out more.

Members of the public can check an independent source with complete confidence that the practitioner has the qualification(s) they claim to have and that any additional CPD the practitioner has, is verified and quality assured to make sure that the CPD is being done on a regular basis. QR tracks a practitioners endorsed CPD (in unison with our CPD accreditation partner Lifetime Awarding) and other key signals to help members of the public and employers to come to a more informed decision about the professional they intend to use. This is an enormously valuable signal that's increasingly important as business becomes more deregulated and privatised.

For practitioners QR helps you market your skills, endorsements and feedback transparently to a wider audience. It also gives you access to a community to help make you more able to progress and succeed in your field of expertise.  Click here to find out more.

Part One: The Investment Decision

Unit 1: Introduction to Financial Management

Section 1: Individual Consumption and Investment

Introduction

1.1 Consumer choice in a perfect market

1.2 Consumption-investment decision

1.3 Consumption, investment and the concept of utility

1.4 Wealth maximisation with borrowing and lending opportunities

Section 2: Fisher's Separation Theorem and Capital Market Efficiency

Introduction

2.1 Fisher's Separation Theorem

2.2 Capital market efficiency

2.3 Random walk concept

Section 3: Efficient Market Hypothesis

Introduction

3.1 EMH and financial management

3.2 EMH as 'bad science'

Unit 2: Capital Investment Appraisal

Section 1: Review of Capital Investment

Introduction

1.1 Capital budgeting decisions

1.2 Methods of capital investments appraisal

1.3 Time value of money

1.4 Internal rate of return

1.5 Computational and conceptual difficulties of IRR

1.6 Net present value

Section 2: Making Investment Decision

Introduction

2.1 Ranking and acceptance under IRR and NPV

2.2 Incremental IRR

2.3 Capital rationing and NPV

Section 3: Other Factors Affecting the Investment Decision

Introduction

3.1 Relevant cash flows

3.2 Capital budgeting and taxation

3.3 NPV and purchasing power risk

Section 4: Risk and Probability in Investment Decisions

Introduction

4.1 Uncertainty and investment appraisal

4.2 Concept of expected net present value

4.3 Standard deviation

4.4 Mean variance analysis

4.5 Certainty equivalent approach

4.6 Investment appraisal in practice

Unit 3: Working Capital Management

Section 1: Nature of Working Capital and its Management

Introduction

1.1 Objectives of working capital management

1.2 Structure of working capital

1.3 Accounting concept of working capital

1.4 Liquidity and accounting profitability

1.5 Working capital cycle

1.6 Operating efficiency

1.7 What happens in the real world

Section 2: Credit Management Strategies

Introduction

2.1 Credit management

2.2 Effective credit price

2.3 Effective discount price

2.4 Decision to discount

2.5 Opportunity cost of capital

2.6 Getting the right balance

2.7 Modelling the credit impact

2.8 Alternative credit policies and corporate profitability

2.9 What happens in the real world?

Part Two: The Dividend Decision

Unit 4: Equity Valuation, Stock Market Data and Investment

Section 1: Equity Valuation

Introduction

1.1 Capitalisation of dividends

1.2 Constant dividend valuation model

1.3 Dividend growth and capital gains models

1.4 Split growth in dividends

1.5 Equity value and capital gains

1.6 Estimating the growth rate in dividends

1.7 Earnings valuation models

Section 2: Interpreting Financial Ratios

Introduction

2.1 Dividend yield and PE ratio

2.2 Guide to stock exchange listings

Section 3: Corporate Investment Appraisal

Introduction

3.1 Cost of equity and investment appraisal

3.2 Taxation and the cost of equity

Unit 5: Dividend Decision and Valuation of Corporate Equity

Section 1: The Dividend Decision: Theoretical Considerations

Introduction

1.1 Dividend policy and equity value

1.2 Dividends as a passive residual

1.3 Shareholder preferences

1.4 Dividend irrelevancy hypothesis

1.5 Modigliani-Miller and the law of one price

1.6 Dividend policy under conditions of uncertainty: the Gordon Growth Model revisited

Section 2: Relevance and Reality of Dividend Policy

Introduction

2.1 Dividend policy and growth

2.2 Dividend policy and taxation

2.3 Clientele theory

2.4 Information content of dividend signalling

Part Three: The Finance Decision

Unit 6: Cost of Capital, Corporate Investment and Market Valuation

Section 1: Marketable Securities: Debentures

Introduction

1.1 Cost of debenture capital

1.2 Impact of taxation

1.3 Taxation lags and issue costs

Section 2: Alternative Sources of Finance and Capital Costs

Introduction

Section 3: Weighted Average Cost of Capital

Introduction

3.1 Defining a company's WACC

3.2 Assumptions underpinning WACC

3.3 Problems of estimating WACC in practice

Section 4: Shareholder Wealth and Capital Costs

Introduction

4.1 Shareholder wealth

4.2 MVA, EVA and free cash flow (FCF)


Unit 7: Financial Policy and Capital Structure

Section 1: Capital Structure and Gearing

Introduction

1.1 Capital structure, risk and investor returns

1.2 Capital structure and shareholder return

1.3 Capital gearing and the traditional view

Section 2: Capital Structure and Modigliani-Miller

Introduction

2.1 MM cost of capital hypothesis

2.2 Proposition I and the arbitrage process

2.3 Proposition I and market equilibrium

2.4 Proposition II and market equilibrium

2.5 Proposition III and market equilibrium

Section 3: MM in the Real World

Introduction

3.1 Rising cost of debt in a tax-less world

3.2 MM model, corporate taxation and value

3.3 MM formulation of capital costs with tax

3.4 Increasing costs of debt and bankruptcy in a taxed world

3.5 Personal taxation and the Miller model of general equilibrium

3.6 Brearley and Myers' reconciliation of debt and taxes

3.7 Market imperfection, behavioural theory and optimal


Part Four: The Portfolio Decision

Unit 8: Portfolio Decision and Risk Management

Section 1: Modern Portfolio Theory

Introduction

1.1 Development of modern portfolio theory

1.2 Combined risk of two investments

1.3 Correlation between two investments

1.4 Risk reduction, diversification and the correlation coefficient

Section 2: Minimising Risk: Portfolio Analysis

Introduction

2.1 Minimisation of risk for a two-asset portfolio

2.2 Finding the minimum variance of a two-asset portfolio

2.3 Multi-asset portfolio

2.4 The optimum portfolio

2.5 Significance of covariance terms

Section 3: Portfolio Analysis, Tobin, Risk and CAPM

Introduction

3.1 Market portfolio and Tobin's Separation Theorem

3.2 Systematic and unsystematic risk

3.3 Beta values and systematic risk

3.4 Traditional Capital Asset Pricing Model

3.5 Criticisms of the CAPM

3.6 Arbitrage Pricing Theory

3.7 Capital budgeting and CAPM

3.8 Estimation of project betas

3.9 Capital structure and the beta coefficient

3.10 Capital structure and the CAPM

3.11 Modigliani-Miller and the CAPM

For a more detailed syllabus on this course, click here

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).
Enrol for just £19.99
Spread the cost over 10 months
(no credit check required)
Call one of the team to get started TODAY
Ends midnight Monday 21st October

Fees

Choose your method of payment for Financial Management

  • Pay in full
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Note : If you opt to study via the paper based method there is an additional postage charge which will be highlighted during the checkout.
(Royal Mail First Class = £10 per course or Royal Mail Second Class = £5 per course, Overseas = £25).
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