Financial Management and Control training
Our Financial Management and Control course helps you to be able to manage the finances of a business, managers must have a clear understanding of the importance of cash flow and working capital.
These are two fundamental aspects of finance that must be controlled in order to provide the resources necessary to allow activities to operate smoothly and without interruption.
Knowledge of the interpretation of balance sheets and profit and loss accounts is essential for effective decision-making, as well as the statutory requirements for reporting, and are discussed in this module.
We will consider basic financial ratio analysis as a means for analysing financial performance and position, and we will also examine the potential effects of poor control when problems arise.
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Aims of the Financial Management and Control course
The learning material has been developed by UK university professors and is mapped against OFQUAL awarding body learning outcomes and assessment criteria.
By the end of this course you will be able to:
- Understand the importance of cash flow and working capital
- Assess the role played by the management of stock
- Identify key issues in financial management
- Evaluate financial performance through the use of key financial ratios
- Understand the use of budgets in financial control
- Identify appropriate methods for raising finance
- Understand the effect of international standards in accounting practice.
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