Become a better manager by learning about financial management concepts and the role of finance in an organisation. Understand financial terminology and develop your ability to read and interpret the key financial documents that form the basis of most decision-making.
COURSE LENGTH:
COURSE STRUCTURE:
- Financial Accounting: Function & Concepts
- Different Financial Statements
- The Importance of Cash Flow
- Cash Budgeting
- Appraising Investments
- Managing Working Capital
- Interpreting Financial Statements
- Capital Structure
- Costings
- Company Valuations
STUDY OPTIONS:
Part Time
1 x 3 hour live online evening class per week over 10 weeks
On Demand
Learn at your own pace, over 18 weeks, with pre-recorded lectures
On Campus
1 x 3 hour live lecture per week over 10 weeks
SUMMARY:
Moving into management roles, professionals will come across lots of new concepts and skillsets. None are quite as crucial to the fundamental workings of the business as finance. Without good financial management, organisations fail – regardless of size or longevity. By gaining an understanding of financial concepts, managers can ensure that their everyday decisions are grounded on sound financial insights.
This practical course will introduce you to financial concepts and language in an accessible and applicable way. You will gain an understanding of best practice in financial management and be comfortable discussing accounting concepts with your colleagues. You’ll know how to prepare budgets and forecasts as well as interpret the financial documents prepared by your accounts department.
As you progress in your career, this course is the ideal way to consolidate your management skills with key financial management skills. It will give you the confidence to engage with senior stakeholders in every area of the business. You will be able to demonstrate your practical working knowledge of your organisation’s finances, identify risk and opportunity, and influence decision-making, making you an invaluable member of the team. Learners taking part in this course will now have access to the EBSCO Online Library, free of charge, for the full duration of the course. Here you can browse thousands of relevant journal articles and other reliable academic and commercial texts like the Harvard Business Review, Bloomberg Businessweek and Forbes Magazine, to supplement your learning and assignments.
CAREER OPPORTUNITIES:
In management, career advancement will depend on results. The importance of good financial management in business cannot be overstated, as without it even long-established businesses will fail. Being someone who makes smart, data-based decisions and can see the bigger picture will help you achieve successful outcomes. This is the kind of track record you’ll need as you go for promotions and move up the ladder. Understanding of business finance will be a great addition to your CV and can help you negotiate a more competitive salary.
ASSESSMENT AND CERTIFICATION
This course is assessed through a written assignment - a case-study project to be submitted after the end of the course. You will have two weeks following the end of the course to complete and submit the final assignment. The written project should be approximately 3,000 words (that’s about 5 pages of a standard Word document) in length.
Your UCD Professional Academy Diploma will be issued electronically on a secure platform, with a link that you can share with employers and others wishing to verify your credentials. You’ll also be able to add the certification to your LinkedIn profile to demonstrate your achievement to your network as well as recruiters and potential employers searching for individuals with your skills and experience.
This course is not on the National Framework of Qualifications.
LEARNER PROFILE:
This course is suitable for professionals in management roles or with ambitions to get promoted to such roles. You don’t need to have any previous financial experience, as this course will cover the foundational knowledge you need to understand business finance language and concepts. You may be looking to apply for a management role, already in a management role, a business owner or entrepreneur, or a recent graduate.
