NCFE Business Finance

• Course Code: OCN209
• Award Level 2, Similar to - NVQ Level 2, GCSE (Grades A*-C)

This is the NCFE Level 2 Business Finance course. Around 3 out of 10 people work within the finance and insurance industries. Almost every medium to large firm has one or more financial managers who oversee financial control, including the preparation of financial reports, direct investment activities, and cash management strategies. This Business Finance course will provide an understanding of how to apply the principles of finance and financial control to a business. It is ideal for anyone who is a general manager with a responsibility for a small organisation or a department, needing to understand a range of financial planning and management techniques. The home study course will cover a range of subjects from the need for keeping books and common book-keeping methods, credit control techniques and methods, debt recovery procedures, costing and pricing models and methods, breakeven analyses and much more.

Course Content

Unit 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

Unit 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

Unit 3: Costing & Pricing

• Pricing a product
• Costing a product
• Pricing a service
• Breakeven analysis
• Contribution theory
• Absorption costing

Unit 4: Management Accounting

• Budgets
• Cashflow
• Managing cash
• The trading budget
• The profit & loss account
• Management reports
• Manual accounting records
• Computerised accounting records
• Breakeven

Assessments

The course will take the form of a series of written assignments which are submitted and marked by your tutor. There is no external examination.

Study Method

The course is designed for study by distance learning at home or at work. Students receive a course manual, assignments and study guide plus tutor support by mail or email. You can start at any time and plan your studies over a period of up to one year from the time of registration.

Qualifications

A successfully completed course leads to a Level 2 award in Business Finance from NCFE; a leading UK awarding body recognised by the Qualifications and Curriculum Authority.

You can read more about NCFE and our awarding bodies here: Awards

• Course Content
• Assessment
• Study Method
• Qualifications/Accreditations
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