Business Finance
Level 3

 
Title of learning programme Business Finance Programme
Programme level 3
Duration of learning programme 14 weeks x 10 hours
Total number of learning hours per programme 140 *

* Please note that this is only an approximate figure and is dependant upon how much time you can dedicate to your studies and also how well you grasp the learning concepts in the course material. Furthermore, at the end of each module there is a question paper which needs to be completed and returned to your personal tutor.

Structure

 
Module Module Title
1

Cost and Management Accounting

2

Budgetary Control

3

Introduction to Accounting

4

Working Capital Management

 

Learning Outcomes

 

Module 1 Cost and Management Accounting.
On successful completion of this module the candidate will be able to:

  Learning Outcome
LO1

Introduce management accounting and the importance of costs and historical costs.

LO2

Investigate the methods employed by management to control costs

LO3 Discuss the principles of marginal costing.
LO4 Define the marginal cost equation.
LO5 Describe the uses and limitations of break-even analysis.
 

Module 2 Budgetary Control.
On successful completion of this module the candidate will be able to:

  Learning Outcome
LO1

Explain the features of the household budget.

LO2

Describe the benefits of budgeting.

LO3

Identify the rules for budgeting and budgetary control.

LO4

Discuss cash budgets.

LO5

Discuss the behavioural implications of budgets.

 
Module 3 Introduction to Accounting.
On successful completion of this module the candidate will be able to:
  Learning Outcome
LO1

Discuss the accounting concept.

LO2

Describe the differences between financial and managerial accounting.

LO3

Identify the characteristics of accounting information.

LO4

Define the relationship between profit, profitability and cash.

LO5

Explain the fundamental accounting conventions and concepts.

LO6

Describe the capital structure of a limited liability company.

 

Module 4 Working Capital Management.
On successful completion of this module the candidate will be able to:

  Learning Outcome
LO1

Discuss the objectives of working capital management.

LO2

Describe liquidity and accounting profitability.

LO3

Examine the working capital cycle.

LO4

Introduce working capital management in the real world.

LO5

Introduce the concepts of credit management and effective pricing.

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