Business Finance QLS Level 2

Our course code: ST224

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Enrol on this course

This course is designed for people seeking to understand and apply the principles of finance and financial control of a business. A distance learning course is an ideal way to gain a Business Finance award.

Whether you’re looking to improve your job prospects or expand your knowledge, distance learning Business Finance is a flexible and convenient course. It is ideal, and in some cases, essential, for those wishing to start up a new business or simply gain a better understanding of the sometimes hidden pitfalls that can be the difference between business success and failure.

This course will help you to progress in the field of Business Finance. If you’ve got good management skills, can motivate a team and want a job in the financial services industry, this career could suit you well.

On this Business Finance course, you will:

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

This entry into finance teaches you the foundations of bookkeeping, credit control, costing and management accounting.

  • Study with winners

    We’re an award-winning learning provider and have been recognised for our cutting-edge learning techniques.

  • At your own pace

    Study this course as quickly or slowly as you wish; we’ll work at a speed that suits you.

  • Affordable price plans

    We’ll find a way to make this course fit in to your budget.

  • Awarding body: QLS
  • Our course code: ST224
  • Qualification code: ST224

The Quality Licence Scheme is part of the Skills and Education Group, a charitable organisation that unites education and skills-orientated organisations that share similar values and objectives. With more than 100 years of collective experience, the Skills and Education Group’s strategic partnerships create opportunities to inform, influence and represent the wider education and skills sector.

Study Hours

Up to 60 hours, which is around 20 minutes per day for 6 months.

Study Method

The course is specially designed for study by distance learning. Throughout the course there will be self-assessment questions, and tutor marked assignments (TMAs), to enable you to monitor your progress.

Course Duration

You have up to a year to complete this course and we have included a suggested number of study hours. This is usually ample time for learners, even with full time jobs and other commitments. Don’t worry if you go over the year though, we can organise an extension to your course for an additional fee, which also extends your tutor support.

Assessment

Throughout this course, you may be expected to complete assignments, essays, research projects, posters, leaflets, presentations, video/audio recordings, work-based and practical learning sessions to meet the requirements of your course. This information will be included in your study pack detailing exactly what you need to do to accomplish your goals as a student.

Course Outcomes

At the end of this course, successful learners will receive a Certificate of Achievement from QLS (Quality Licence Scheme) and a Learner Unit Summary (which lists the details all of the units you have completed as part of your course). You can read more about QLS here. 

Additional Information

Difficulty - Level 2

Entry requirements - There are no formal entry requirements for this course, however, it is recommended that you have an intermediate ability to read and write English.

Course Content

1: Bookkeeping
  • Why keep books?
  • Bookkeeping methods
  • Introduction to VAT
  • The analysed cash book
  • Sales and purchase day books
  • Reconciling the bank account
  • Double entry book-keeping
  • Single entry systems
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
3: Costing & Pricing
  • Pricing a product
  • Costing a product
  • Pricing a service
  • Break even analysis
  • Contribution theory
  • Absorption costing
4: Management Accounting
  • Budgets
  • Cashflow
  • Managing cash
  • The trading budget
  • The profit & loss account
  • Management reports
  • Manual accounting records
  • Computerised accounting records
  • Breakeven analysis

Frequently Asked Questions

We have some answers to common student questions, but if you can't find the answer you're looking for then please contact us and we will do everything we can to answer your questions.

You don’t need any prior skills in the subject area to start. However, as with all of our courses, we recommend a reasonable level of English reading and writing ability.

We provide all the specially written learning materials you require to study this course at home. The course fee also includes tutor support for the specified duration of your course.

You will receive everything you need to complete this course within the study pack we send to you.

No, this course is assessed by coursework alone.

No, all of the study materials are supplied within your learning pack.

Most students finish comfortably within the course duration period given. However, if you do need more time, your personal tutor support can be extended for an additional fee.

Please check our main FAQs section or Contact Us, we have experienced course advisers who will be delighted to help!