Principles of Financial Management

Program Overview

The Award in Principles of Financial Management equips entrepreneurs and SME executives with the skills to comprehend and manage financial matters effectively. The program covers essential topics in financial management, including working capital management, financial statement analysis, budgeting, and investment appraisal. Delivered over six weeks in online or blended learning formats, the program empowers students to develop and implement financial management programs that optimize the cost of control and enhance business operations.

Program Outline

Degree Overview:

• Overview:
The Award in Principles of Financial Management module aims to equip students with the necessary skills for entrepreneurs or senior executives within small to medium-sized enterprises (SMEs) to comprehend the significance of financial management in business operations. The course emphasizes developing financial management competencies to facilitate enhanced oversight and administration of financial matters within SME organizations. It identifies best practices and presents a comprehensive view of accessible financial management tools and services for entrepreneurs and SME managers. The course empowers students to utilize these tools to develop, implement, and monitor their financial management programs. Throughout the program, emphasis is placed on optimizing the cost of control, ensuring that the control process aligns with the SME organization's size and complexity.

• Understand the role of financial management in business.
• Develop financial management skills for improved financial monitoring and management within SMEs.
• Identify best practices in financial management.
• Gain an overview of available financial management tools and services for SMEs.
• Develop, implement, and monitor effective financial management programs.
• Manage the cost of control effectively.

Outline:

• Content and Structure
The program encompasses a comprehensive range of topics related to financial management:
• Working Management & Cash Management
• Accounting conventions/standards used to present financial statements
• Presentation of three main Financial Statements
• Financial Ratios Analysis – Explanations
• Financial Ratios Analysis – Explanations and Practice
• Budgets & Sources of Finance
• Costings of Products and Services
• Investment Appraisal
• Raising Finance & Company Valuation
• Course Schedule
The program is delivered over six weeks, with sessions conducted in either online or blended learning formats.
• Modules with Descriptions
Each module addresses a critical aspect of financial management:
• Session 1 – Working Management & Cash Management: Explores the fundamentals of working capital management and cash flow analysis.
• Session 2 – Accounting conventions/standards used to present financial statements: Provides an overview of accounting principles, standards, and their application in financial statement preparation.
• Session 3 – Presentation of three main Financial Statements: Covers the three core financial statements (balance sheet, income statement, and cash flow statement) and their significance in financial analysis.
• Session 4 – Financial Ratios Analysis – Explanations: Introduces key financial ratios used in evaluating a company's financial performance and stability.
• Session 5 – Financial Ratios Analysis – Explanations and Practice: Delves deeper into financial ratio analysis, providing practical applications and exercises.
• Session 6 – Budgets & Sources of Finance: Explores budgeting techniques and various financing options available to businesses.
• Session 7 – Costings of Products and Services: Covers cost accounting methods for determining the cost of products or services and their implications for decision-making.
• Session 8 – Investment Appraisal: Presents techniques for evaluating investment opportunities and making informed investment decisions.
• Session 9 – Raising Finance & Company Valuation: Discusses different methods of raising finance and approaches to company valuation.

Tuition Fees and Payment Information:

Online Learning – Eur1,050 Blended Learning – Eur1,350

• Blended Learning in Malta