Understand how to establish a budget and manage income and expenditure within a small business.
This financial literacy course provides you with an understanding of budgeting and managing income and expenditure within a small operation or entity. During the course, you will explore different types of financial institutions and understand the role regulatory bodies play in the financial sector. You will develop your knowledge and understanding of financial strategies, where to seek financial information and the importance of budgeting in managing your income and expenditure. You will learn about different budget types, how to establish a budget and use a budget as a control tool. You will also learn to determine factors likely to cause a change in the value of money (e.g. inflation) to calculate the effect on financial activities.
What You Will Learn
Understanding how to manage your income and expenses are key skills in developing your financial literacy. In this course, you will cover financial institutions, financial strategies, financial information and budgeting in small business.
Course Outcomes
- Explain the role of financial institutions and regulatory bodies in a given context
- Determine factors likely to cause a change in the value of money (e.g. inflation) and calculate the effect on financial activities
- Assess savings and analyse different spending and finance strategies
- Assess savings and analyse different spending and finance strategies
- Level: Proficient
- Sutitable for students in Post graduate level or working professional with 0-5 years’ work experienc
- Delivered 100% online
- Complete in 4 - 6 hours
- Self-paced learning
- Interactive activities and case studies
- Gain in-demand skills
- Certificate of Completion