Description
The Certificate in Financial Management comprises 4 courses, and is designed for Middle Managers seeking to gain a comprehensive understanding of the core principles of accounting and finance management used in organizations today. You will learn about budget development and management, the core principles of accounting and how to use and interpret the profit and loss and cash flow statements, and the balance sheet, to inform management decision making, and finally, how to develop a comprehensive business case to justify major project and capital investments.
- Level:Â Middle and Senior Managers
- Courses: 4Â (see course details below)
- Learning:Â On Demand 24/7
- CPD Hours: 80 Hours (each course takes approx. 20 hours to complete)
- Duration: 4 Months
- Certification:Â GMA Professional Credentials: Certificate in Financial Management
Key Benefits
On completing the Professional Certificate in Financial Management, you will be ready to contribute to financial decision making and apply your knowledge of finance to advance your career into a senior management role. You will learn how to develop a full range of business budgets and how to manage and control the budgeting and budget reporting processes. You will also learn the core principles of financial management and how to interpret and use the main financial statements to inform business decision making. In addition, you will develop skills in the analysis of business performance using key financial ratios, and be able to apply your learning to inform strategic decision making, including capital investments. Finally, you will learn how to develop business cases for projects and capital expenditures.
Program Content
This Certificate in Financial Management program comprises the following courses:
COURSE 1: ACCOUNTING FOUNDATIONS
This comprehensive course is designed for managers and staff who require a detailed understanding of accounting – including non-financial managers and executives, budget holders, accounts personnel and support staff working with accounts.
COURSE 2: FINANCIAL ANALYSIS AND DECISION MAKING
Designed for managers in non-financial roles, this course will equip you with the knowledge to interpret financial statements easily, to review financial performance and to participate with confidence in management meetings and dialogue on the financial planning and performance of the organization.
COURSE 3: BUDGETARY PLANNING AND CONTROL
In this course, you will learn how to take more control over the budgeting process, and identify ways in which you can ensure your budgeting process and reporting processes work for your business unit, and enhance business performance.
COURSE 4: DEVELOPING A BUSINESS (FINANCIAL) CASE
This practical course takes you through a systematic process of writing a financial case which provides convincing justification, for proposed investment in new equipment, new systems, acquisitions, major projects, and innovations.
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Skills and Knowledge
On completion of this Certificate in Financial Management program, you will be able to:
- Understand and apply basic accounting principles
- Understand bookkeeping principles
- Understand and develop business budgets
- Understand the core principles of financial management
- Understand the balance sheet
- Understand the income statement
- Understand the cash flow statement
- Understand the main sources of business finance
- Monitor and report on budget spend
- Understand accounting standards and their use
- Align budgets with business plans
- Analzye and interpret financial statements using key financial ratios
- Implement the business budget
- Develop and manage a budgeting process
- Monitor and report on budget programs
- Align budgeting with business planning
- Develop a range of business budgets
- Understand the principles of accounting
- Understand debits and credits
- Understand accounting standards
- Know how to use a range of financial ratios to analyze business performance
- Apply a range of capital budgeting methods
- Understand how to use WACC
- Calculate NPV and IRR for investment proposals
- Advise on capital budgets and investments
