Accounting and Finance Level 4 and 5

The first Level 4 module explores the external issues that impact the business and its operation. These include economics, international dimensions, and competition, amongst others.

You’ll explore key aspects of accounting from a business perspective and the role it plays in guiding business decisions and make informed choices.

Here, you’ll understand the implications of failing to dedicate sufficient attention to resources and the effects this can have on profitability.

From this module, you’ll gain a detailed knowledge of the various numeric exercises businesses use in accounting and how these are used in the wider context of operation.

This module enhances your knowledge of accounts and how these can be used to give an insight into the overall health of an organisation.

In this module, you’ll explore the methods used within budgets and financial control. You’ll then use the information to complie a master budget and develop fair departmental budgets.

This module demonstrates how financial performance is assessed within organisations and the importance of financial statements in raising finance in the long term.

You’ll explore how to apply commonly-used financial ratios and examine key aspects, such as liquidity, solvency, gearing and profitability.

This module enables you describe what goes into preparing financial statements using numerous vital key concepts.

In this last Level 4 module, you’ll understand how financial efficiency is determined. You’ll expand your knowledge of debt repayment capacity and investment appraisal, which will allow you to assess the liklihood of future financial success.

This first Level 5 module explores the skills and qualities of entrepreneurship.

You’ll understand why organisations are structured in a certain way and what determines an optimum business structure, using numerous models and key theories.

In this module, you’ll complete a series of accounting exercises to understand the information these can present and how to conduct the analysis that is needed.

You’ll address key questions within a business’s goal-setting and aim to create clear plans to achieve vital objectives.

Here, you’ll understand the influence politics plays in business and how helps and hinders operations.

This module introduces you to the statutory responsibilities of managers and the legal requirements of individual business executives.

This module focuses on the importance of governance and equality and why these are essential when conducting business ethically and responsibly.

Here, you’ll understand how businesses grow with their people and explores how measures such as CPD and reward structures are key in this growth.

This module examines how you can analyse markets, customer data, and competitors, and bring this information together into a cohesive plan.

By successfully completing this final Level 5 module, you’ll have complete knowledge of various numeric exercises and how you can use these within the wider context of business.