Unit purpose and aim(s)
This unit is designed to enable you to gain knowledge and understanding of accounting principles, processes and concepts that can be applied in a general management context.
As a manager or aspiring manager, the unit aims to equip you with the knowledge and practical skills to complete and review financial accounting tasks. These tasks are required to prepare, review and interpret internal and external financial information to make effective analytical judgements and report findings to business stakeholders. You will develop the skills required to record business transactions and generate financial information. This information is used as the basis for financial control and planning. The unit also allows you to consider the importance of effective management of cash flow and to highlight cash flow problems which could lead to business failure.
Managers are frequently required to make strategic investment decisions. This unit will allow you to consider the practical use of costing, pricing and capital investment techniques in order to make informed decisions.
Assessed by open book exam.
Qualifications for this unit
ABE Level 4 Diploma in Business Management and Marketing
Level 4 means the same of difficulty as year one of a Bachelors degree. Our qualification provides a thorough grounding in the core principles of marketing and business management.
ABE Level 4 Diploma in Business Management and Human Resources
Level 4 means the same depth of learning as year-one of a Bachelors degree. This qualification provides a thorough grounding in contemporary Business Management with a particular focus on the principles of Human Resources.
ABE Level 4 Diploma in Business Management
Level 4 means the same level of difficult as year-one of a Bachelors degree. This qualification provides a thorough grounding in Business Management and it is a great springboard for progressing to higher levels of academic study.
ABE Level 4 Foundation Diploma in Business Management
Level 4 means the same level of difficulty as year one of a Bachelors degree. This shorter Foundation Diploma in Business Management provides a good general grounding in the core aspects of business.