Finance Essentials

Accounting and Finance

Unit Code
Level 7
Distance Learning
Class Room
Unit Code
Level 7
Distance Learning Fee
Face to Face Fee
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Total Fee £1600

£2360 (£1600 during the tuition waiver period)

Please see the Tuition Fee section to see if you are eligible for a scholarship.
Course Overview

This course is geared towards supporting learners in understanding and using financial information and data. This course is important to learners as it supports decision making.

Course Content

Introduction to the module

Introduction to Finance

  • What is Finance
  • The Role of Finance in an Organization
  • Importance of Data and Technology

Careers in Finance

  • Market Trends
  • Markets and Participants
  • Microeconomic and Macroeconomic Matters
  • Financial Instruments

Coporate Structure and Governance

  • Business Structures
  • Relationship between Shareholders and Company Management
  • Role of the Board of Directors

Economic Foundations: Money and Rates

  • Microeconomics
  • Macroeconomics
  • Interest Rates

Accrual Accounting Process

  • Cash versus Accrual Accounting
  • Economic Basis for Accrual Accounting
  • How Does a Company Recognize a Sale and an Expense?
  • When Should a Company Capitalize or Expense an Item?


  • Describe How and Why Managers Use Budgets
  • Prepare Operating Budgets
  • Prepare Financial Budgets
  • Prepare Flexible Budgets

Financial Statements

  • The Income Statement
  • The Balance Sheet
  • The Relationship between the Balance Sheet and the Income Statement
  • The Statement of Owner’s Equity
  • The Statement of Cash Flows
  • Operating Cash Flow and Free Cash Flow to the Firm (FCFF)
Learning Outcome & Assessment Criteria

1.  Be able to analyse financial information and data

  1. Determine what financial information is needed and assess its validity
  2. Analyse different financial documents and information and formulate conclusions about financial performance levels and needs of stakeholders
  3. Conduct comparative analysis of financial information and data
  4. Critically review and question financial information and data

2.  Be able to assess budgets and their ability to support organisational objectives

  1. Identify how a budget can be produced taking into account financial constraints and achievement of targets and accounting conventions
  2. Be able to assess a budget
  3. Identify how a budget for a complex organization can support organizational objectives and targets whilst taking into account financial constraints and accounting conventions

3.  Be able to evaluate financial proposals for expenditure provided by others

  1. Identify criteria by which proposals can be judged
  2. Critically analyse the viability of a proposal for expenditure
  3. Identify the strengths and weaknesses of a proposal and give feedback on the financial proposal
  4. Analyse the viability of a proposal for expenditure
  • The assessment strategy for this course is designed to test all the learning outcomes.
  • Learners must demonstrate successful achievement of all learning outcomes to pass the course.
Assessment Marking Criteria


Citizens of the following countries are eligible for a 50% scholarship upon writing a personal statement. All scholarships are to be approved by the Academic Board. The list of countries are: Sri Lanka, Indonesia, Philippines, Bhutan, Morocco, Vietnam, Papua New Guinea, Laos, Cambodia, India, Nigeria, Ghana, Bangladesh, Laos, Myanmar, Pakistan, Nepal and South Africa. Please talk to your student counselor and ask for the Coupon Code to get the 50% Tuition Waiver.

  • The assessment criteria for a pass will be presented with the summative exercise.
  • Further information and guidance on the assessment will be made available through the tutor.
Unit Pass Requirements

To pass the unit a 40% overall grade must be achieved.

Frequently Asked Questions
What is included in the cost of my programme?
  • All course material, including online modules and written assignments
  • Unlimited personal tutor support with online sessions
  • Dedicated student support
  • Access to an online community learning forums
  • Assignment marking and feedback
Am I eligible for this programme?

You are eligible if you meet our stipulated entry requirements.

Standard ROUTE

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Access to LMS

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Complete in 12 months

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Requires submitting 1 assignment per month



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Complete in 6 months

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Complete at your own pace

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Dedicated counselor

No additional bank charges

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