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Award in Finance and Accounting 2

Course Reference: M2.2 Fin2

Duration: 6 to 8 weeks

Type: *Face to Face / Live Streamed

*Fee: €500

With this module, you will gain the skills and knowledge to manage budgets. By analysing costs, and evaluating business projects, learners will:

1. Learn how to set budgets, track spending, and calculate costs.

2. Understand how to evaluate business projects and find ways to fund them.

3. Explore how technology is changing the way businesses handle finances.

Great for professionals looking to enhance financial planning and decision-making skills. This module equips you to effectively manage finances and adapt to modern financial systems.

Micro-Credential – Starting on the 9th April 2025

  • Weekday: Wednesdays
  • Time: 5:30 – 8:30 pm

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.


Assessment

  • No Exams, just practical learning – This programme is assessed through engaging and hands-on methods.
  • Assessment Breakdown – 10% Participation, 70% Assignment and 20% Portfolio. 
  • Plan ahead with ease – The assignment brief is provided in advance, allowing you to manage your study time effectively.
  • Guidance every step of the way – You will receive continuous support and feedback to help you succeed throughout the course.

Tutors
Our tutors combine extensive real-world experience with strong academic backgrounds, delivering practical insights and industry expertise to enhance your learning.


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 it will also lead you to further studies.

This award is designed for:

  • Adult learners looking for an immersive learning experience in this field.
  • Working professionals, who have been working for a number of years, and seeking to enhance their competencies, knowledge and skills in 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, to further develop their expertise.

The entry requirement is:

Competences:

  • 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

Knowledge:

  • 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

Skills:

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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Testimonials

Henley Executive MBA
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