FINANCIAL MANAGEMENT

AIM OF THE MODULE

Learners who successfully complete this module will gain an understanding of the small, medium, and micro enterprise environment and the importance of new venture creation. They will be able to develop their skills to successful manage a small business. The programme can add value to entrepreneurs who wish to develop their entrepreneurial skills so that they can become more marketable for larger contracts in both the commercial and public sector.

LEARNING OUTCOMES

On completion of this module learners will be able to:

• Explain the principles of financial planning
• Explain how start-up capital can be generated
• Understand pricing and costing
• Understand cash flow planning and cash flow forecasts
• Explain basic budgeting principles
• Explain how financial plans are compiled
• Understand the principles of working capital for a new venture
• Determine profit and loss in an own business context