Business Finance (ICSA Diploma in Business Practice)

The Business Finance Module
● The module will equip the intermediate level administrator in the workplace with
key skills relating to sound business practice.
● The module builds on the ibam Certificate module ‘Accounting for Business’.
● The module is designed to develop key skills and understanding of the financial
aspects of running a business and how to use financial information as a
management tool.
● The module provides a conceptual and analytical study of the provision of
information, both for the decision requirements of external users of published
financial statements and for internal management.
● The module focuses principally upon developing management accounting
techniques, which does notmeanit will be primarily concerned with producing
numbers although there will be some, but the emphasis will be on understanding
howthe numbers are created and what theymeanto business. However, section two
of the syllabus does focus on the preparation and content of company accounts.
● Throughout, the module content is aimed at making the subject more
understandable and relevant to your job and career needs.

On successful completion of this module, candidates will be able to:
● Identify alternative sources of finance available to businesses/organisations.
● Understand the need for a regulatory framework for financial reporting.
● Prepare financial statements using a basic regulatory framework.
● Understand the need for capital budgeting within organisations.
● Analyse and interpret the financial statements of a company or organisation
using appropriate techniques, draw appropriate conclusions and suggest
appropriate remedies.