Business Finance Course Online | learndirect

Business Finance

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

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

Modules

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).

What is NCFE

NCFE is the UK's longest established awarding body, recognised as a highly professional and responsive organisation, committed to maintaining excellent customer service and a friendly approach.

NCFE is recognised as an awarding body by the qualification regulators ('regulators') for England, Wales and Northern Ireland. The regulators are the Office of the Qualifications and Examinations Regulator (Ofqual) in England, the Department for Children, Education, Lifelong Learning and Skills (DCELLS) in Wales and the Council for Curriculum, Examinations and Assessment (CCEA) in Northern Ireland.

Accreditation by NCFE is a guarantee of quality. It means that the college has been inspected and approved by an independent and experienced education professional and is quality audited biannually by NCFE. The centre delivering the programmes has been licensed by NCFE on the basis of its own quality systems. At the end of an accredited course, successful learners will also receive an NCFE Award certificate of achievement.

For more information on this award, click here

Requirements

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

Need proof of your English and Maths skills? Want to catch up and learn more English and Maths? You can for free when you sign up to this learndirect course.

Get your NUS Extra card

All professional development students are eligible for the NUS Extra card, which gives you access to over 200 UK student discounts with brands like Co-op, Amazon and ASOS. Apply and find out more at http://cards.nusextra.co.uk/

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