Certificate in Business Finance NCFE Level 2

Objectives
At the end of the course you will be able to:

• Define the need for keeping books
• Describe common book-keeping methods
• Understand credit control techniques and methods
• Devise debt recovery procedures
• Understand costing and pricing models and methods
• Conduct break even analyses
• Prepare a trading budget
• Manage cash and cashflow
• Compose basic financial reports

Student Profile
This programme is designed for people seeking to understand and apply the principles of finance and financial control of a business.  The course is particularly suited to the general manager with responsibility for a small organisation or a department, needing a broad understanding of a range of financial planning and management techniques

Study Method
The course is designed for study by distance learning at work or at home.  Students receive course manual, assignments and studyguide plus tutor support by telephone, mail and email.

Duration
Students may study over any timescale of up to one year. To complete the course will take in the region of 60 hours of study.

Qualification
At the end of this course successful learners will receive a level 2 NCFE Award certificate of achievement. That means that it is independently accredited at a level of learning equivalent to level 2 on the National Qualifications Framework (NQF) for England, Wales and Northern Ireland.  The course is provided in conjunction with Kendal Publishing Limited – a licenced NCFE centre.

Course Outline
Module A: book-keeping
• Why keep books?
• Book-keeping methods
• Introduction to VAT
• The analysed cash book
• Sales and purchase day books
• Reconciling the bank account
• Double entry book-keeping
• Single entry systems

Module B: Credit Control
• Cracking the credit problem
• Is my customer credit worthy?
• Credit control routines
• Debt recovery through the courts
• Statutory demands, insolvency and bankruptcy
• VAT and tax relief for bad debts

Module C: Costing & Pricing
• Pricing a product
• Costing a product
• Pricing a service
• Break even analysis
• Contribution theory
• Absorption costing

Module D: Management Accounting
• Budgets
• Cashflow
• Managing cash
• The trading budget
• The profit & loss account
• Management reports
• Manual accounting records
• Computerised accounting records
• Breakeven analysis