[Open Day] Master Award in Strategic Financial Management
- October 1, 2023 - December 30, 2023
- 4 Sessions
- Live Class
- +44 7309 550915
Course description
The aim of this Master Award is to develop learners’ ability to prepare for various types of academically based management research through the development and design of a research proposal. Learners will develop a critical understanding of the philosophical, practical and ethical concepts of research within the context of the business environment.
- Day 1:
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Introduction to financial and managerial accounting its purposes and financial strategy formulation.
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Cost systems: Cost classifications in terms of object; product/service and behaviour; opportunity cost, recording and analysing costs; job costing; batch costing; process costing; contract costing; standard costing; variance calculations;variance analysis and management by exception
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- Day 2:
- Costing methods: absorption, marginal costing, activity based costing (ABC); use in calculating costs and pricing policy and their relationship to cost controls and
pricing. - Cost control of systems: cost centre; profit centres;
investment centres; accountable management; planning and control methods. - Financial statements: estimates and assumptions relating to the profit and loss account; balance sheet and cash flow statement.
- Financial ratios analysis, interpretation, decisions and
limitations: employment of financial ratios internally and externally; financial profiles of organisations; calculation of key ratios reflecting business liquidity; efficiency and profitability
- Costing methods: absorption, marginal costing, activity based costing (ABC); use in calculating costs and pricing policy and their relationship to cost controls and
- Day 3:
- Budgets: types; flexible and fixed budgets; zero-based budgeting, budgeting process from subsidiary/function
al to master budget; relationship of budget to cost and quality control, resource utilisation and profitability. - Budgets monitoring and evaluations: budgeted and actual figures, accounting for and investigating different kind of variances in budgetary controls; corrective action;
human behavioural issues relating to budgeting
- Budgets: types; flexible and fixed budgets; zero-based budgeting, budgeting process from subsidiary/function
- Day 4:
- Sources of financial resources; types of
funds: short term and long terms, sourcing funds
internally and externally; venture capitalists, leverages; risk, cost and control issues with types of funding; techniques of selecting appropriate sources of funds for different projects – comparison of costs, risk and
controls. - Managing working capitals and appraisal of investment options: capital and revenue expenditure, risk, cost and controls; cash flow statements; time value of money; different methods of project appraisal like: accounting rate of return; payback period and cash.
- Impacts of information and communication technology;
global financial management; using excel sheets in financial analysis, MIS and financial resource planning
and control.
- Sources of financial resources; types of
Prof. Dr. Christopher Goh
Head of Finance & Banking’s Board
Pricing Plans
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- Full online videos
- e-Books
- Self study contents
- Online tutor videos
- Assignment guide
- e-Certificate
- Hard copy certificate
- Accreditation of Prior Experiential Learning for Qualification (APELQ) certified by University Partners for credit and tuition fee transfer
- Accreditation & Recognition certified from University Partners.
- Deliver hard copy certificate and all certified documents to your home
- Transfer full credits & tuition fees to equivalent academic programs
- Get more support tuition fees and scholarships when becoming University Partners international students