[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.

Live Class
  • Day 1:
    • Introduction to financial and managerial accounting its purposes and financial strategy formulation. 

    • 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

  • 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
    • 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
  • 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
  • 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
    • 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.
Our lecturer

Prof. Dr. Christopher Goh

Head of Finance & Banking’s Board


2023-10-1 08:00 2023-12-30 12:00 Europe/London [Open Day] Master Award in Strategic Financial Management Testing Different Event Live Class
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Pricing Plans

Take advantage of one of our non-profit professional certified programs with favorable terms for your personal growing carreers.

Master Award
  • Full online videos
  • e-Books
  • Self study contents
  • Online tutor videos
  • Assignment guide
  • e-Certificate
Hard copy certified
  • 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
University Partners
  • Transfer full credits & tuition fees to equivalent academic programs
  • Get more support tuition fees and scholarships when becoming University Partners international students

Upcoming Open day

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