Business Finance

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.

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