Business Finance
Distance Learning Course of 4 Lessons
This course has been discontinued
Course Description
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.
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.
Business Finance Professional Certificate of Completion issued by eLearn Canada college.
With this course you will have unlimited access to your own personal tutor who specialises in their field of study. It is your personal tutor’s role to ensure that you receive constructive feedback and to deal with any queries you may have. You are more than welcome to telephone, fax or email your personal tutor.
You will also have access to a dedicated and friendly team of administrators and course advisors who offer sound and professional guidance and advice when you need it. This ensures that you will never feel neglected and that you will always succeed!
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.
This course is an online course. With online study you have access to your entire course from the start of your studies. You can access your course materials, and submit all of your question papers to your personal tutor, online from anywhere in the World using your unique student account.
Study Hours
This is only an approximate figure and is dependent upon how much time you can dedicate to your studies and how well you grasp the learning concepts in the course material. Furthermore, at the end of each lesson there is a question paper that needs to be completed and returned to your tutor. You should allow at least 1 – 2 hours of study to complete each question paper. The approximate amount of time required to complete the course is: 140 hrs.
Requirements
There is no experience or previous qualifications required for enrollment on this course. It is available to all students, of all academic backgrounds.
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