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 exam.
Employers look for people with commercial awareness and a ‘can do’ attitude together with skills and behaviours that will enable them to quickly become part of an effective team and add value to the organisation. These ‘soft skills’ enable staff to make a positive contribution from an early stage.
This unit introduces you to the key skills, behaviours and attitudes you need to demonstrate in order to be ‘employable’, and how to improve through self-development and other learning opportunities. You will be introduced to self-development practices, including self-reflection. The unit will also help you develop a unique and informative Curriculum Vitae (or resume), complete job applications and prepare for job interviews.
The skills you learn will facilitate a smooth transition into a new role by establishing you as part of a team. The unit concludes by exploring how utilising feedback on performance can help you maintain your value as an employee and advance your career potential.
The course also develops communication skills and self-awareness, and enables you to view your current position as part of a lifelong journey of learning and development, both professionally and personally.
Assessed by assignment.
This unit develops an understanding of the principles of business and the different legal formations by which organisations operate. You will be introduced to common organisational structures and learn to evaluate quantitative and qualitative data to make judgements about the types of structures suitable for different businesses.
You will also look at the way organisations are managed at an operational and strategic level. This will include a review of the requirements for corporate governance, performance standards, operating procedures and ethical practice.
You will learn about organisational infrastructure and examine physical and human resources and their role in delivering organisational performance.
You will develop problem solving skills through the use of case study activities which will enable you to apply the theories and concepts covered in the unit in real-life contexts.
As you progress you will develop qualities and skills valued by employers such as the ability to use relevant management tools.
Assessed by exam.
The world is changing at an ever-increasing rate, consumers are becoming more sophisticated and technology is part of our everyday lives.
In order to be successful a business needs to be able respond to changes by assessing the opportunities and threats posed by the external environment as well as its own internal strengths and weaknesses.
In this unit you will use a range of relevant tools and frameworks to analyse the impact of dynamic business environments and volatile markets on an organisation’s ability to compete successfully. This analysis is what shapes business strategy.
Assessment by exam.