Business Finance Level 2

Business Finance

The course is divided up into four modules, as follows:

Module 1: 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 2: 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 3: Costing & Pricing

Pricing a product

Costing a product

Pricing a service

Break even analysis

Contribution theory

Absorption costing

Module 4: Management Accounting

Budgets

Cashflow

Managing cash

The trading budget

The profit & loss account

Management reports

Manual accounting records

Computerised accounting records

Breakeven analysis

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 mail and email. You can start at any time and plan your studies over a period of up to one year from the time of registration.

Assessment

Each element is followed by a written assignment, which is submitted and marked by your tutor. There is no external examination required.