This course is designed for students looking to take the first steps into the world of Business Finance. It will give students an understanding of the principles and practice of Business Finance.

Students will be learning to:

• Define the need for keeping books
• Describe common book-keeping methods
• Understand credit control techniques and methods
• Devise debt recovery procedures
• Understand costing and pricing models and methods
• Conduct break even analyses
• Prepare a trading budget
• Manage cash and cashflow
• Compose basic financial reports

Support is provided for up to 12 months but it is entirely up to you how quickly you work through the course. The estimated study time is 90 hours so if you average around 5 hours a week study you would complete in 4-5 months.

The Business Finance Level 2 course is delivered hard copy in folders which contain your learning material, assignments and study guide.

Support is provided throughout the course via a tutor who can be emailed at any time should you come across anything you are unsure of. There is also a support team by telephone.

Business Finance Level 2 is split into four units. At the end of each unit you will complete an assignment which you will email to your tutor. An assignment is a set of questions based upon the unit you have just studied. Your tutor will mark your work and give you feedback. If there are any areas for improvements or anything that you have misunderstood you will always have the opportunity to re-submit.

The good news is there are no exams! Once you have completed all the assignments you complete the course.

Unit 1: Bookkeeping

• Why keep books?
• Book-keeping methods
• Introduction to VAT
• The analysed cash book
• Sales and purchase day books
• Reconciling the bank account
• Double entry book-keeping
• Single entry systems

Unit 2: Credit Control

• Cracking the credit problem
• Is my customer credit worthy?
• Credit control routines
• Debt recovery through the courts
• Statutory demands, insolvency and bankruptcy
• VAT and tax relief for bad debts

Unit 3: Costing & Pricing

• Pricing a product
• Costing a product
• Pricing a service
• Break even analysis
• Contribution theory
• Absorption costing

Unit 4: Management Accounting

• Budgets
• Cashflow
• Managing cash
• The trading budget
• The profit and loss account
• Management reports
• Manual accounting records
• Computerised accounting records
• Breakeven analysis

At the end of this course successful learners will receive a Certificate of Achievement from ABC Awards and Certa Awards and a Learner Unit Summary (which lists the components the learner has completed as part of the course).

The course has been endorsed under the ABC Awards and Certa Awards Quality Licence Scheme. This means that Kendal Publishing Ltd has undergone an external quality check to ensure that the organisation and the courses it offers meet defined quality criteria. The completion of this course alone does not lead to a regulated qualification* but may be used as evidence of knowledge and skills gained. The Learner Unit Summary may be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this subject. To this end the learning outcomes of the course have been benchmarked at Level 2 against level descriptors published by Ofqual to indicate the depth of study and level of demand/complexity involved in successful completion by the learner.

The course itself has been designed by Kendal Publishing Ltd to meet specific learners and/or employers requirements which cannot be satisfied through current regulated qualifications. ABC Awards/Certa endorsement involves robust and rigorous quality audits by external auditors to ensure quality is continually met. A review of courses is carried out as part of the endorsement process.

ABC Awards and Certa Awards have long-established reputations for providing high quality vocational qualifications across a wide range of industries. ABC Awards and Certa Awards also offer regulated qualifications for all ages and abilities post-14: all are developed with the support of relevant stakeholders to ensure that they meet the needs and standards of employers across the UK

*Regulated qualification refers to those qualifications that are regulated by Ofqual/CCEA/Qualification Wales