ILM Level 4

Understanding Financial Management (407)


Description
COURSE OVERVIEW
Managers today need to understand Finance. This involves moving beyond budgeting, and acquiring an understanding of the key concepts involved in the organization’s financial decision making. Designed for managers in non-financial roles, this course will equip you with the knowledge to interpret financial statements easily, and to participate with confidence in management meetings and dialogue on the financial planning and performance of the organization.

In this course you will learn the fundamentals of financial and management accounting, including financial statements, profit and loss accounts, and balance sheets. Cash flow, profit margins and asset turnover will all be covered, and you will also learn about investment appraisal, financial analysis and the use of key financial performance ratios.

COURSE DETAILS
- Suitable For: Middle and Senior Managers and staff engaged in financial reporting and analysis.
- 407 Understanding Financial Management (3 credits)
- Course Duration: 20 Hours
- Certification: Download your Certificate on completion
- Additional Resources: Download Learners manual, additional articles and worksheets
Content
  • Understanding Financial Management 1 - Getting Started
  • Understanding Financial Management 2 - Whose Job is it Anyway
  • Video - The Role of the Finance Department
  • Understanding Financial Management 3 - The Manager's Role
  • Video - What managers need to know about finance
  • Understanding Financial Management 4 - Sources of Finance
  • Understand Financial Management - Quiz 1
  • Understanding Financial Management 5 - The Balance Sheet
  • Video - Understanding the Balance Sheet
  • Understanding Financial Management 6 - The Income Statement
  • Video - The Income Statement
  • Understanding Financial Management 7 - The Cash Flow Statement
  • Video - The Cash-flow statement
  • Understand Financial Management - Quiz 2
  • Understanding Financial Management 8 - Budgeting
  • Understanding Financial Management 9 - Managing the Budget
  • Video - Variance Analysis
  • Understanding Financial Management 10c - Wrapping-up
  • Understand Financial Management - Quiz 3
  • Understanding Financial Management- Course Evaluation
Completion rules
  • You must complete 90.00% of the content