Financial Management Including Budget Setting
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Aimed at team leaders and business professionals this e-learning course covers the purpose of financial management and budgets.
The module begins by reviewing the fundaments of financial management and its component activities: business planning, maintaining cash flow, financial procedures, awareness of day to day costs and maintaining accounting records, internal controls, tax records, prioritising debt etc.
Course Level: Intermediate
Accreditation: CPD Certified
Certificate: Self printed
Description
Who are the key stakeholders in financial reporting: managers, lenders, investors and suppliers, regulatory authorities?
The relationship between financial management and reporting is described and how this affected by adequate financial controls. The module goes on to describe the structure of an accounting system and its various component parts.
Next governance and compliance is reviewed and how these relate to financial management ie tax returns, retention of tax records.
The module moves on to specific documentation and reviews the accounting policies and procedures manual, which if used correctly, assists employees to understand and process financial transactions correctly and ensuring a consistent approach to accounting across an organisation.
The module concludes with a review of management reporting: profit and loss accounts, balance sheets, cash flow statements, key performance indicators and how management accounts pull all these together to provide the organisation with an overview of the financial health of the company.
Learning Objectives
On completion of this course, learners will:
- Understand the processes and documents that are used in financial management and reporting
- Understand the processes used to track income and expenditure
- Understand how an organisation’s records are set up and maintained to meet the requirements of governance and compliance
Accreditation
The content of this course has been independently certified as conforming to universally accepted Continuous Professional Development (CPD) guidelines.
Certification
On successful completion of this course, you will be awarded a Virtual College certificate which you will be able to download and print immediately on completion.
Duration
This course will take approximately 30 minutes to complete, depending on learning speed.
Target Audience
This course is aimed at team leaders and professionals and financial officers.
Entry Requirements
There are no specific entry requirements for this course.
What you'll learn
- Understand the processes and documents that are used in financial management and reporting
- Understand the processes used to track income and expenditure,
- Understand how an organisation’s records are set up and maintained to meet the requirements of governance and compliance
Suitable for
- This course is aimed at team leaders and professionals and financial officers
Certification
Self-Printed Certificate Option
Upon completion of the course, a digital certificate will be available to download instantly.
Recent Reviews
19th July 2025
Super easy to use and a comprehensive…
Super easy to use and a comprehensive training schedule - thank you very much!
19th July 2025
Great
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18th July 2025
Level 2 health & Safety within the catering world. With using virtual college
With using virtual college, it was quick and easy to pay and access my chosen course. I had a choice of using different methods on what type of device that I could use which was great for me. The course was very informative and I learnt a lot and the assessment at the end was good & you have a certificate that you can download straight away. Very highly recommend.
18th July 2025
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The process of purchasing the training (in this case combined offer of Allergy Awareness and Level 2 Food Safety and Hygiene) was easy as was the ability to access and complete the training. The online training system works well. The Food Allergy course was comprehensive and well structured my only criticism is that the Level 2 Food Safety and Hygiene is not as well structured with the same material repeated may times in different places so the course could be made much shorter.
18th July 2025
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Very good everything completed professionally
18th July 2025
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17th July 2025
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Very easy to follow well constructed course
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The system was easy to use and things…
The system was easy to use and things were clear throughout
17th July 2025
easy to complete
easy to complete very informative
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Very informative. Well navigated and explained in ways I could understand with out jargon that can often get in the way.
Excellent
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