This module will provide learners with an introduction to finance and accounting by introducing practical accounting and financial requirements useful to stakeholders in any business organisation. Learners will acquire knowledge of the requirements and techniques for financial recoding and reporting. Furthermore, they will gain knowledge of how to analyse working capital components as well as evaluate how business organisation can manage it effectively.

Tutors
Our tutors have excellent experience within their field of expertise as well as the necessary academic background.

Assessment
There are no exams on this programme. The method of assessment to attain this award is based on different methods such as preparing a portfolio of work, building a reflective journal, writing an assignment, and others. The assignment brief is available to you in good time so that you can organise and plan your study time accordingly week by week. You will be guided through the assessment requirements, and you will also receive ongoing feedback throughout the course of studies.

Sessions
Delivery of sessions are held in the evenings (typically starting at 17:30 hours) on different weekdays and according to the timetable of the modules. There is also the possibility of a few Saturday morning sessions.

Opportunities for further studies
Upon successful completion of this Award, you can:

• Take up the opportunity to follow other Awards in different areas of business and management, or
• Follow the Certificate in Business and Management (30 ECTS), and
• This Certificate programme will also lead you to further studies.

This award is designed for:

• Adult learners who want to have an immersive learning experience in this area.
• Working professionals, who have been working for a number of years, and who would like to acquire competencies, knowledge and skills in this area of business and management.
• Prospective learners, who already have a Level 4 and/or a Level 5 qualification, and who would like to challenge themselves within this area of business and management, to further develop their expertise.

The entry requirements are:

• Three MQF/EQF Level 4 individual single subject qualifications and at least 18 years of age.

or

• One MQF/EQF Level 4 qualification of at least 120 ECTS, or equivalent and at least 18 years of age.

or

• A minimum of 2 years of relevant work experience and at least 21 years of age.

or

• The MATSEC Matriculation Certificate. This comprises 6 subjects, and include passes in a language, a science subject, a humanistic subject, and a pass in the subject ‘Systems of Knowledge’. Two of the 6 subjects must be at an Advanced Level, three of the subjects must be at an Intermediate Level and a pass at the ‘Systems of Knowledge’ subject.
• A pass (at least Grade 5 of better) in the Secondary Education Certificate examinations in the following subjects: English language, Mathematics, and one other subject.

Other equivalent (international) qualifications will be considered on a case-by-case basis.

All learners must have proficiency in the English language (evidence of use of the English language at work, 0-level pass in the English language, English as the national language or mother tongue, or other equivalent foreign qualifications equating to Common European Framework (at B2), such as IELTS (overall score of 6.0 with no element less than 5.5), Cambridge English (overall score of 169 with minimum scores of 162), TOEFL (at 72) and others).

Competences:

• Evaluate the requirements (such as legal and tax requirements) and techniques for financial recording (double entry bookkeeping, trial balance, manual and computerised systems) and reporting for business organisations
• Appraise the usefulness of financial statements to stakeholders in business organisations
• Evaluate the organizational requirements to business organisations for financial reporting (such as for sole traders, partnerships, limited companies and public limited companies)
• Assess how working capital can be effectively managed by business organisations

Knowledge:

• The purpose of keeping financial records by business organisations
• Types and purpose of financial statements
• The requirements for keeping financial records to business organisations
• Ways to manage working capital such as payment and collection cycles, stock control

Skills:

Applying knowledge and understanding

• Examine techniques for recording financial information in business organisations
• Examine components of working capital in business organisations
• Interpret the legal and organizational requirements for financial reporting
• Calculate working capital ratios such as current ration, liquid ratio, inventory turn and inventory days, trade receivables days and trade payables days

Judgment Skills and Critical Abilities

• Evaluate working capital ratios to identify potential difficulties.

Module-Specific Communication Skills

• Use relevant and appropriate terminology discussing and exchanging views in a business context.
• Communicate and articulate their ideas clearly in writing and orally.

Module-Specific Learner Skills

• Appropriately and accurately apply the Harvard referencing system.
• Acknowledge all sources of information
• Individually carry out further research in this area

Module-Specific Digital Skills and Competences

• Search, gather, communicate and share related information using digital resources
• Identify reliable, authoritative, and current digital sources

Terms & Conditions apply, talk to us for further detail on this programme.