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.

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 requirement is:

• Successfully completed the Award in Finance and Accounting 1

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

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