Managing Finance I
Level 1 (CQFW Level 4), 10 Credits.
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To provide an understanding of the principles and processes of financial management to non-specialist users.
At the conclusion of this module, students should have a better understanding of the basic principles of book-keeping and accounting. Specifically:
- the recording of transactions in the books of account
- the preparation of a trial balance
- the valuation of assets for accounts purposes
- the preparation of Manufacturing, Trading and Profit and Loss Accounts and Balance Sheet
- the preparation of Cash Budget
Who is this course for?
The course is open to all, no prior qualifications are necessary.
Learning and Teaching
- Lecture Programme:
- Introduction and double entry book-keeping
- Cash book and subsidiary books
- Cash book and trial balance
- Sole traders, partnerships and limited companies.
- Asset valuations, accruals and prepayments
- Manufacturing, trading and profit and loss account, appropriation account and balance sheet
- Cash budget/cash flow and source and application of funds
- Introduction to consolidated accounts
- Published accounts
- Recapitulation and conclusion of course.
Coursework and Assessment.
The assessment for this module consists of: the written answers to three exercises designed to test the students’ knowledge of the subjects covered in the course. There will be one exercise approx every three sessions, the first exercise is completed as a class exercise.
To award credits we need to have evidence of the knowledge and skills you have gained or improved. Some of this has to be in a form that can be shown to external examiners so that we can be absolutely sure that standards are met across all courses and subjects. The most important element of assessment is that it should enhance your learning. Our methods are designed to increase your confidence and we try very hard to devise ways of assessing you that are enjoyable and suitable for adults with busy lives.
- Pendlebury, M and Groves, R 2003. 6th edition Company Accounts, Analysis, Interpretations and Understanding London : Thomson Books
- Attrill, P, Harvey, D and McLaney, E 2000 Accounting for Business Butterworth Heinemann
- Thomas, A 2009 6th edition Introduction to Financial Accounting McGraw Hill Publishing Co.
- Barrow, C 2001 Financial Management for Small Businesses Kogan Page
- Burrow, P 2001 The Best Laid Business Plans – How to write them, How to pitch them Virgin Business Guides published by Mackays of Catham plc
- Burns, P 2006 2nd edition Entrepreneurship and Small Business Chippenham, Anthony Rowe Ltd