Unit 4 - Financial Awareness

Aims and Objectives
Principles, Standards and Conventions of Accounting - Module 1.Explore and understand key terms within accounting. Put your new-found understanding into practice with a variety of financial activities.

Nature and Use of Financial Information - Module 2.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.

Interpretation and Analysis of Financial Information - Module 3.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.

Target Audiences
· Experienced staff who are being given management responsibilities
· Team leaders
· Those with access to management work situations
· Recent graduates new to management


Prerequisites
The programme will suit those comfortable with flexible online learning. Please contact your Pitman Training Advisor for guidance.

Course Content
Principles, Standards and Conventions of Accounting (Module 1)
Includes:
· Background to Financial Management
· Accounting and Financial Management
· Principles of Accounting
· Ways of measuring Financial Information
· Assets
· Liabilities
· Financial Statements - the Balance Sheet

We suggest you put aside roughly 8 - 14 hours. Please note: this is guidance only as some people will take less time, others more.

Nature and Use of Financial Information (Module 2)
Includes:
· The Balance Sheet
· The Profit and Loss Account
· Types of Comparison
· Relationship between Profit and Loss Account and Balance Sheet

We suggest you put aside roughly 5 - 10 hours. Please note: this is guidance only as some people will take less time, others more.

Interpretation and Analysis of Financial Information (Module 3)
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

We suggest you put aside roughly 5 - 10 hours. Please note: this is guidance only as some people will take less time, others more.