What you'll be able to do

• Explain the purposes of financial accounting and its basic concepts and theories.
• Record accounting data, applying the basic principles of double-entry book-keeping, and prepare a trial balance and final accounts from these records.
• Complete income statements and statements of financial position.
• Adjust the final accounts for accruals, depreciation and bad debts.
• Use financial ratios to examine and interpret a company’s financial performance.
• Complete a bank reconciliation.

What you'll be able to do

• Set-up the accounting package to use for company accounting
• Understand how to record receipts
• Understand how to record payments
• Understand how to manage the bank account(s)
• Enter sales transactions
• Deal with debtors
• Enter purchases
• Deal with creditors
• Generate an assortment of statutory reports
• Generate an assortment of administrative reports

What you'll be able to do

• Explain the different types of business organisations and their stakeholders.
• Describe key management theories and practices.
• Undertake a strategic review of a market.
• Explain the main business and management structures.
• Describe the main features of the Human Resources function.
• Explain the key features of the production, research and development, marketing and control functions within a business.
• Describe the main features of business information systems.

What you'll be able to do

• Understand how to apply discounted cash flow techniques in corporate finance contexts.
• Understand how business funding mechanisms operate.
• Evaluate the expected return of a project using Sensitivity Analysis.
• Evaluate the expected return of a project using Opportunity Costs.
• Understand the different sources of finance available to a firm.
• Classify the different sources of finance available to a firm.
• Understand the main features of share capital, including different classes of shares.
• Determine the cost of the major forms of capital, such as debt and equity.
• Understand the Efficient Market Hypothesis and its implications for capital markets.
• Know about further financing options available to a company, such as venture capital and private equity.
• Understand the key features of the Foreign Exchange Markets, including exchange rate determination and hedging strategies.

What you'll be able to do

• Identify the main users of financial information and explain their reasons for requiring that information.
• Classify the major types of costs that arise for a business.
• Evaluate a company’s materials costs and inventory, and allocate variable costs to a unit of product or service.
• Allocate indirect costs to the unit cost of a good or service.
• Prepare an operational budget.
• Prepare a capital budget.
• Prepare a cash budget.

What you'll be able to do

• Understand the principles of corporate governance.
• Understand how corporate governance relates to finance.
• Identify the typical sources of finance used by a company.
• Explain the typical sources of finance used by a company.
• Understand how to make capital investment decisions using cash flow analysis.
• Analyse the effectiveness of a company’s working capital management system.

What you'll be able to do

• Identify the main categories of law applying to business, including the main sources of law, and the structure and jurisdiction of the Courts.
• Explain the principles of contract law.
• Explain the features of the law of tort and the different reliefs available.
• Describe the statutory protections afforded to employees.
• Explain the legal principles provided for the establishment, ownership and management of a company.
• Describe the statutory protections afforded to customers.

What you'll be able to do

• Analyse business costs using appropriate techniques.
• Explain the nature and key approaches to costing.
• Apply costing techniques for decision making.
• Manage a budget for a business effectively.
• Implement and use budgets for management control in different organisational contexts.