Finance for Managers

Unit reference:
L/615/7463
Guided Learning Hours:
75
Level 4
15 credits

Unit purpose and aim(s)

This unit is designed to enable you to gain knowledge and understanding of accounting principles, processes and concepts that can be applied in a general management context. 

As a manager or aspiring manager, the unit aims to equip you with the knowledge and practical skills  to complete and review financial accounting tasks. These tasks are required to prepare, review and interpret internal and external financial information to make effective analytical judgements and report findings to business stakeholders. You will develop the skills required to record business transactions and generate financial information. This information is used as the basis for financial control and planning.  The unit also allows you to consider the importance of effective management of cash flow and to highlight cash flow problems which could lead to business failure. 

Managers are frequently required to make strategic investment decisions. This unit will allow you to consider the practical use of costing, pricing and capital investment techniques in order to make informed decisions. 

Assessed by exam.

Qualifications for this unit

Units: 4

A good general grounding in core aspects of business, designed for those who wish to go quickly onto the next ABE Level and into employment. If you wish to progress to a university degree, the eight unit - 120 credit - Diploma provides more favourable progression options.

Units: 8

Provides a thorough grounding in the core principles of marketing and business management.  The first year of a Bachelors degree is at the same level.

Units: 8

Gain a thorough grounding in contemporary Business Management with a particular focus on principles of Human Resources (HR).  Year one of a Bachelors degree is at the same level.

Units: 8

Provides a thorough grounding in Business Management and a great springboard for progressing to higher levels of academic study.   Year one of a Bachelors degree is at the same level.