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Award in Finance and Accounting 2

Award in Finance and Accounting 2

Course Reference: M2.2 Fin2

Duration: 6 to 8 weeks

Type: *Face to Face / Live Streamed

*Fee: €500.00

Focus: Business and Management

This module will provide learners with knowledge of budgetary control process, variances, costing methods for prices purposes and project appraisal methods, amongst others. Learners will gain knowledge of how business organisations perform project appraisals to evaluate if the organisation has sufficient funds to meet the capital expenditure requirements, and recommend ways to finance a project.

By the end of module, learners will be able to explain and recommend different sources of finance that business organisations can obtain for a business project.

Our tutors have excellent experience within their field of expertise as well as the necessary academic background. You will receive a high-quality delivery in a participative environment. You will be engaged in discussions, activities, case studies, presentations and group work creating a bond between you and other students that forges friendships and a new network of professionals.

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.

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 requirement is:

  • Successfully completed the Award in Finance and Accounting 1


  • Appraise techniques of management accounting used by business organisations
  • Evaluate methods of how business organisations conduct project appraisal
  • Analyse financial plans to assess their financial sustainability
  • Investigate the impact of information and communication technology (ICT) on the development of financial and accounting systems
  • Assess the challenges and trends of fintech on organisations


  • The differences between management and financial accounting
  • The budgetary control processes such as cash flow forecasts and incremental budgeting
  • Advantages and disadvantages of variances analysis
  • Considerations and aspects of financial sustainability
  • Information and communication technology (ICT) trends that are expected to change current accounting practices such as cloud computing, blockchain technology and artificial intelligence


Applying knowledge and understanding

  • Evaluate different costing methods which can be used for pricing purposes such as marginal costing, calculating and dealing with unit costs and breakeven calculations
  • Conduct a variance analysis by calculating and interpreting variances including financial and non-financial factors
  • Examine and interpret the main methods of project appraisal such as payback, internal rate of return, and net present value
  • Develop a strong argument for obtaining project finance including the provision of assurances and project projections

Judgment Skills and Critical Abilities

  • Evaluate information and communication technology (ICT) trends that are expected to change current accounting practices

Module-Specific Communication Skills

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

Module-Specific Learner Skills

  • Select and explain different sources of finance that business organisations can obtain for a business project
  • 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
Accreditation Status Approved Higher Education Programme
Level of Qualification MQF / EQF Level 5
Mode of Delivery Traditional / Face-to-Face Learning / Live Streamed
Hours of Learning Contact Hours: 20 / Self-Study Hours: 62 / Assessment Hours: 18 / Total Hours: 100
Credits 4 ECTS
Study mode Work based programme delivered in the evenings and some Saturdays.
Language of instruction English
Programme Delivered Malta Business School, Level 3, Sean Building, Psaila Street Birkirara BKR1908, Malta
Mode of assessment Assessed pieces of work (no exam)
Teaching and Learning Approach At MBS our teaching and learning approach is based on adult learning principles and is unreservedly participant centred and experiential in nature.  Participants are expected to contribute in group work and discussions and actively participate during sessions.
Grading System as approved by MFHEA Fail, Pass, Merit and Distinction
Pass Rate NA
Date of Next Intake To be announced
Mode of Attendance Full-time or Part-time studies – Talk to us for more details.
Registration Send us your CV for review and without obligation so that we can check your eligibility for this programme.
Visa Requirements Third Country Nationals are advised to read VISA requirements from here
Progression Pathways Successful learners who achieve this Award might want to join the Certificate in Business and Management programme, the Diploma in Business and Management programme, the Higher Diploma in Business and Management programme, and the Bachelor in Business and Management programme. Talk to us so that we will guide you accordingly.

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

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I definitely recommend this learning and growing experience to anyone who wants to take the next step in their career and, or, grow as a person.
Andre Vassallo
Andre Vassallo
The Henley MBA has aided my development within the management spectrum.
Jean Carl Grech
Jean Carl Grech
“Besides having the support of an amazing cohort, the Malta Business School was with us every step of the way to ensure we do not fall behind, and to succeed in our learning journey.”
Hubert Debono
Hubert Debono
“I would recommend to prospective students not to leave it as long as I had to embark on a journey like this. Jump right in!”
Matthew J. Mercieca
All staff members at MBS are very helpful with a common point in mind; to help you achieve a better future!
Martin Attard
Martin Attard
I will recommend MBS to all students who have several years of work experience, but would like to obtain a qualification
Philip Gatt
Philip Gatt