Master Award in
Strategic Financial Management
Master Award could transfer 20 credits and 50% tuition fees to Master’s programs of UKeU and/or Partner University.

Master Award in Strategic Financial Management
The aim of this award is to develop learners’ ability to enable learners to apply financial principles relevant to management in an organisational context, including analytical techniques and theories/models of management accounting, evaluation of budgetary processes, recommending funding sources and appraising investment options.
Could transfer 20 credits and 50% tuition fee to the Master of Business Administration (MBA) of SIMI Swiss.
Learning Outcomes:
1. Be able to apply the tools and techniques of cost accounting.
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1.1 Critically analyse the concepts, features and importance of cost accounting in an organisation.
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1.2 Apply tools of costing design and costing systems to an organisation.
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1.3 Recommend improvements to the costing and pricing systems of an organisation.
2. Be able to critically analyse the financial performance of businesses.
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2.1 Analyse financial statements to assess the financial position of an organisation.
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2.2 Recommend organisational decisions based on evaluation of financial statements using financial ratios.
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2.3 Propose managerial recommendations on the strategic portfolio of an organisation based on financial analysis.
3. Be able to evaluate the budgetary processes of organisations
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3.1 Evaluate budgetary targets for an organisation.
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3.2 Develop a master budget for an organisation.
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3.3 Critically evaluate budget and budgetary processes in an organisation.
4. Be able to recommend effective long term and short-term sources of funding.
- 4.1 Assess the need for short term working capital and long- term funds for an organisation.
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4.2 Appraise appropriate sources of short term and funds for an organisation.
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4.3 Justify choices of sources of funds using a range of criteria related to cost and risk.
5. Be able to critically appraise investment options.
- 5.1 Apply financial appraisal methods to analyse competing investment projects in different kinds of organisations.
- 5.2 Justify strategic investment decision for an organisation using relevant financial information.
- 5.3 Critically analyse strategic investment decisions using information.
Topics:
Introduction to financial and managerial accounting, its purposes and financial strategy formulation
Course Coverage:
- Cost classifications in terms of object, function, 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.
Costing methods
Course Coverage:
- 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
Course Coverage:
- Cost centres; profit centres; investment centres; accountable management; planning and control methods.
Financial statements
Course Coverage:
- Estimates and assumptions relating to the profit and loss account, balance sheet, and cash flow statement.
Financial ratios analysis, interpretation, decisions, and limitations
Course Coverage:
- Employment of financial ratios internally and externally; financial profiles of organisations; calculation of key ratios reflecting business liquidity, efficiency, and profitability.
Budgets
Course Coverage:
- Types of budgets; flexible and fixed budgets; zero-based budgeting; budgeting process from subsidiary/functional to master budget; relationship of budget to cost and quality control, resource utilisation, and profitability.
Budgets monitoring and evaluations
Course Coverage:
- Budgeted and actual figures, accounting for and investigating different kinds of variances in budgetary controls; corrective action; human behavioural issues relating to budgeting.
Sources of financial resources; types of funds
Course Coverage:
- Short-term and long-term sourcing of 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
Course Coverage:
- Capital and revenue expenditure; risk, cost, and controls; cash flow statements; time value of money; different methods of project appraisal including accounting rate of return, payback period, and cash flows; discounted cash flow – net present value and internal rate of return; allowance for inflation in money and real rates of discount; taxation and project appraisal.
- Impacts of information and communication technology; global financial management; using Excel sheets in financial analysis, MIS, and financial resource planning and control.
Indicative reading list
Core texts:
- Atrill, P. and McLaney, E. (2006) Accounting & Finance for Non-specialists. (5th edition) Harlow: FT Prentice Hall.
- Chaffey, D., Bocij, P., Greasley, A. and Hickie, S. (2006) Business information systems: technology, development and management for the e business, (3rd edition), Harlow: Financial Times Prentice Hall/Pearson Education.
Additional reading:
- Atrill, P. (2011) Financial management for decision makers. Harlow: FT Prentice Hall.
- Atrill, P. and McLaney, E. (2006) Management Accounting for Decision Makers. Harlow: Prentice Hall.
- Berk, J. and DeMarzo, P. (2007) Corporate Finance. London: Pearson.
- Brealey, R., Myers, S. and Marcus, A. (2007) Fundamentals of Corporate Finance. New York: McGraw Hill Irwin. • Cox, D. and Fardon, M. (1997) Management of Finance. London: Osborne Books.
- Drury, C. (2009) Management Accounting for Business. 4thEdition. London: Cengage Learning EMEA.
- Lumby, S. and Jones, C. (2000) The Fundamentals of Investment Appraisal. London: Thomson Learning.
- Laudon, K. and Laudon J. (2007) Management Information Systems – Managing the Digital Firm. 10th Edition. Harlow: Prentice Hall. • Monden, Y. (1995) Cost Reduction Systems: Target Costing and Kaizen Costing. New York, Productivity Press.
- Marsh, C. (2009) Mastering Financial Management. Harlow: FT Prentice Hall.
- Van Horne, J. and Wachewicz, J. (2009) Fundamentals of Financial Management. Harlow: FT Prentice Hall
- White, G. I., Sondhi, A. C. and Fried, D. (2003) The Analysis and Use of Financial Statements. 3rd Edition. Hampshire: John Wiley and Sons.
Other indicative reading:
- Peer reviewed academic journals as Financial Management, Journal of International Financial Management & Accounting, International Journal of Financial Management and related.
- Online resources, corporate industry reports, the Institute of Certified Financial Managers publications and relevant.
Journals/newspapers:
- The Financial Times;
- Management Accounting Quarterly;
- Financial Management;
- International Journal of Financial Management;
- Journal of International Financial Management & Accounting;
- Management Today;
- Strategic Finance;
Websites:
- Most of the professional accounting bodies in the UK have their own websites (CIMA, ICA, CIPFA, AAT);
- www.aat.co.uk Association of Accounting Technicians;
- www.cimaglobal.com Chartered Institute of Management Accountants;
- www.cipfa.org.uk Chartered Institute of Public Finance and Accountancy;
- www.companies-house.gov.uk Companies House.
Entry requirements
To enroll The Master Award, the learner must possess:
- Graduated with a Bachelor’s degree from an accredited university or achieved a Level 6 Diploma according to the European Qualifications;
- For a degree from non-recognized universities; The learner should have followed Accreditation of Prior Experiential Learning for Qualifications (APEL.Q) policy of MI Swiss and/or University Partners;
- Learners must be over 21 years old.
English requirements
If a learner is not from a predominantly English-speaking country, proof of English language proficiency must be provided.
- Common European Framework of Reference (CEFR) level B2 or equivalent;
- Or A minimum TOEFL score of 101 or IELTS 5.5; Reading and Writing must be at 5.5 or equivalent.
The UKeU reserves the highest decision-making authority regarding admissions and may accept or reject applicants following a thorough review of each applicant’s profile, ensuring that only those capable of benefiting from the course are admitted. Qualifications from diploma mills or fake universities/institutions will not be accepted by UKeU and/or Partner University.
After graduating with Master Award, learners receive all certified documents from the UKeU.
Certified Documents:
- e-Certificate from the UK eUni Worldwide (UKeU);
- Hard copy certificate from UK eUni Worldwide (UKeU) (Optional);
- Accreditation of Prior Experiential Learning for Qualifications (APEL.Q) certified from UKeU for credit and tuition fee transfer.
Because the course is accredited and recognized, learners can easily use their qualifications in the workplace and enjoy many opportunities for career advancement. In addition, if you wish to pursue a degree from UKeU and/or a Partner University, all credits and 50% paid tuition fees can be transferred.
The UKeU’ Master Award means:
UKeU Master Award is the award at the master level and is equivalent to:
- Level 7 certificate of Regulated Qualifications Framework (RQF) of UK
- Level 10 certificate of Scottish Credit and Qualifications Framework (SCQF)
- Level 7 certificate of Credit and Qualifications Framework (CQFW)
- Level 7 certificate of European Qualifications Framework (EQF)
- Level 9 certificates of the Australian Qualifications Framework (AQF)
- Level 7 certificate of ASEAN Qualifications Reference Framework (AQRF)
- Level 9 certificate of the African Continental Qualifications Framework (ACQF)
Learners can transfer all credits and 50% of their tuition fees when enrolling in UKeU and/or Partner University academic programs if they wish to pursue an academic degree.
Credits transfer:
Learners can transfer 20 credits from the Master Award course when participating in the Master program. Please see the credit transfer policy HERE.
Tuition fee transfer:
When enrolling in the Master program, graduates from the Master Award will receive a fee reduction equal to 50% of the tuition fees paid for the Master Award. Please refer to the tuition fee transfer policy HERE.
The UKeU Micro Degree course allows learners to transfer credits and 50% of their tuition fees toward full degree programs offered by UKeU and/or Partner University. UKeU reserves the right to limit admissions once enrollment exceeds the set quotas.
Apply Policy:
- To participate in the UKeU Micro Degree course, learners need to meet the entry criteria corresponding to each level. Please see the “Entry” tab for more details.
- UKeU will not accept applicants whose entry qualifications are from fake universities or institutions that are not accredited.
- For Master Award courses, if an entry bachelor is unavailable, learners must demonstrate a minimum of 5 years of work experience in the relevant field. Please note that a bachelor’s degree is required for the Master’s program at UKeU and Partner University so that you could study Master Award but could not move to the Master’s program of UKeU and/or Partner University.
- English is not a mandatory entry requirement for Micro Degree course, but candidates need to ensure that English is used in reading documents, listening to lectures, and doing assignments. Applicants should note that English is a mandatory requirement when switching to an academic program at UKeU and Partner University.
Apply Process:
- Step 1: To request a consultation for a course that best suits your needs, please email support@ukeu.uk. Our admissions department will contact you to guide you through the required documentation and the next steps in the application process.
- Step 2: Once your application documents are approved and the application fee is paid, UKeU will issue a Letter of Acceptance (LOA). You will then follow the provided instructions, including payment of the tuition fee.
- Step 3: After the tuition fee is paid, UKeU will issue a confirmation letter, provide your login details for the e-learning system, and send you all relevant documents.
- At this point, you have officially become a UKeU student. Welcome, and enjoy your learning journey!
The UKeU Micro Degree course is fully online, allowing you to study anytime and anywhere. You also have the option to attend live classes with UKeU. Final exams will be uploaded to the system and assessed by the UKeU academic board. Learners are required to submit assignments on time; failure to do so will require payment of a resit fee (with up to two attempts allowed). Continued non-compliance on a third occasion will result in being considered as having discontinued the course, and tuition fees will not be refunded.
Pricing Plans
Take advantage of one of our non-profit professional certified courses with favorable terms for your personal growing carreers.
- Live Class (Optional)
- Full online videos
- e-Books
- Self study contents
- Online tutor videos
- Assignment guide
- e-Certificate
- Hard copy certificate from UKeU and/or Partner Universities
- APEL.Q certified from UKeU for credit and tuition fee transfer
- Deliver hard copy certificate and all certified documents to your home
- Transfer full credits & 50% tuition fees to equivalent academic programs
- Opportunity to get scholarships when becoming Partner Universities' international students
UKeU MICRO DEGREE
Contact us
If you interested this micro degree course, please feel free to contact with us! Please note that this course is not for profit and learning with full online model.