Financial Awareness - BTEC Level 5 Unit
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This unit is made up of 3 modules (see descriptions below) which can be taken as stand-alone subjects or which can form part of our BTEC Diploma, Certificate & Award In Management Studies.
Module 1 - Principles, Standards and Conventions of Accounting. (Approx 8 14 hrs)
Explore and understand key terms within accounting. Put your new-found understanding into practice with a variety of financial activities.
Includes:
Background to Financial Management
Accounting and Financial Management
Principles of Accounting
Ways of Measuring Financial Information
Assets
Liabilities
Financial Statements the Balance Sheet
Module 2 - Nature and Use of Financial Information.
(Approx 510 hrs)
Develop your ability to read and understand balance sheets; Profit and Loss accounts. Explore types of comparison and the relationship between the Profit and Loss account and the balance sheet.
Includes:
The Balance Sheet
The Profit and Loss Account
Types of Comparison
Relationship Between Profit & Loss Account and Balance Sheet
Module 3 - Interpretation and Analysis of Financial Information. (Approx 5 10 hrs)
Learn why analysing financial information is important. Develop the managerial skills needed to measure financial performance, identify trends and interpret financial information. Explore profitability, Common Size Analysis and liquidity.
Includes:
Importance of Analysing Financial Information
The Relevance of Profitability
Common Size Analysis
Measuring Financial Performance
Liquidity
Identifying Trends
Interpretation and Analysis of Financial information
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The whole unit is usually completed in 18-34 study hours.
You can start your studies whenever you wish and you can study at times to suit you as the modules are delivered online.
There is so much to tell you about this powerful, comprehensive management course that you'll benefit from an in-depth conversation with one of our professional Course Advisors.