Training course summary

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The IAB Diploma in Small Business Financial Management course is aimed at individuals who wish to gain the essential financial skills to operate a small business successfully but without the need to learn double entry book-keeping. It is suitable for owner managers or for individuals involved in doing the accounts for a small business. The Diploma enables candidates to develop essential skills to carry out of financial tasks that are key to running a successful business. The award of the Diploma confirms that the holder has demonstrated that they have achieved the required national standard in all eight units. The eight units are as follows: Unit 1 - Recording business transactions Unit 2 - Value Added Tax calculations and Returns Unit 3 - Completing PAYE documents Unit 4 - Final Accounts and their interpretation Unit 5 - The Small business and the Inland Revenue Unit 6 - Costing and pricing the product Unit 7 - Managing working capital Unit 8 - Financial planning and control Assessment by Assignment The IAB Diploma in Small Business Financial Management is not examined by a traditional examination or test but by candidates completing an assignment after studying for each unit. Each assignment is designed around a set of circumstances that a candidate is likely to come across in their business or work place, and is completed in the candidates own time, not in an examination environment. Following satisfactory completion of all assignments, we will send a sample of your assignments to the IAB for confirmation that you have demonstrated skills that meet national standards. Subject to this confirmation, the IAB will award you the Diploma. Successful completion of this Diploma will assist to:  Reduce bank charges: recognition of the value of the IAB Diploma in Small Business Financial Management by the major banks means that holders of the Diploma may be eligible for interest charges.  Manage the finances of your business effectively  Be able to complete VAT returns  Understand what the accountant is doing, and ask the right questions  Be able to complete year-end self-assessment forms  Be able to prepare your own business plan for the bank Duration: 4 Months Award: IAB Diploma in Small Business Financial Management

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