Accounting & Finance in Business & Management

INTERNATIONAL ‘PREMIER’ DIPLOMA PROGRAM ON

 

ACCOUNTING & FINANCE IN BUSINESS & MANAGEMENT

 

What modern managers need to know for EFFECTIVE

 

CONTROL OVER BUSINESS, FINANCE AND ACCOUNTING

 

Accounting involves recording and analyzing transactions to show their effects on the financial position of an enterprise; such data is essential in controlling its finances. But a manager must go further, and ‘read’ (interpret) accounting data accurately, and then use it wisely in planning and in controlling the operations of the enterprise and in decision making, which are all essential for its prosperity and survival. This Program does not train bookkeepers or accountants. It teaches modern managers to understand and/or to control bookkeeping or accounting colleagues and subordinates, and to make effective use of available accounting data.

 

Major Topics Covered in this Diploma Program include:

·         Financing businesses, capital, ordinary and preference shares, loans, debentures. Working capital: its composition, computation and management.

·         Books of account: the ledger, cash, purchases, sales and other books; principles of modern double entry bookkeeping manually and by computer, comparisons, advantages.

·         Trading and profit & loss accounts, balance sheets, cash flow statements, and other financial reports, contents, purposes, layout and presentations.

·         Interpreting financial statements and accounting data, accounting ratios, break-even analysis; budget preparation, budgetary control, variances, flexibility.

·         Control over profits, cash and funds flow, stock control, credit limits and credit control, auditing, pricing policy. Cost accounting, methods, standards, variances, overheads.

·         Partnership, departmental, branch and hire purchase accounting. Investments: working & fixed capital, financial assets, returns, risks, financial decisions, funding, Investment strategy, appraisal.

 

 

On successfully completing this Professional Program of Study you will:

 

·         Be awarded the CIC Accounting & Finance in Business & Management Diploma.

·         Have attained an accredited qualification at Level 4, equated to the British National framework at the same

·         study level as Higher National Diploma (HND) & National Vocational Qualification (NVQ) Level 4. Have attained an accredited qualification for managerial and supervisory levels showing you possess competence in professional work activities.

·         Have completed a Qualifying Program towards the International Honours Group Diploma on Business Accounting & Finance.