The Business Finance – Level 2 Course 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, need a broad understanding of a range of financial planning and management techniques.
On successful completion of this course, students will receive an accredited Level 2 Certificate of Achievement.
At The End Of The Business Finance Course Home Study 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 cash flow
- Compose basic financial reports
The Home Study Course Includes the Following Units:
Unit One – Book Keeping
The following topics are covered: 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 and Single entry systems.
Unit Two – Credit Control
The following topics are covered: Cracking the credit problem, Is my customer creditworthy? Credit control routines, Debt recovery through the courts, Statutory demands, insolvency and bankruptcy and VAT and tax relief for bad debts.
Unit Three – Costing and Pricing
The following topics are covered: Pricing a product, Costing a product, Pricing a service, Break-even analysis, Contribution theory and Absorption costing.
Unit Four – Management Accounting
The following topics are covered: Budgets, Cash flow, Managing cash, The trading budget, The profit & loss account, Management reports, Manual accounting records, Computerised accounting records and Breakeven analysis.
To find out more about The Business Finance Course visit course provider website.