Course description

This internationally recognised course is mapped to both the Irish National Framework of Qualifications (NFQ) as a Level 6 Award, and the UK Qualifications and Credit Framework (QCF) as a Level 5 Award.

This certificate course provides existing managers (or those considering a career in management) with an excellent knowledge of Budgets and Budgeting and analysing and interpreting financial statements in an organisation setting. The course includes a Management and Leadership module which covers key Management and leadership Theory along with a unit exploring the organisation environment.

By choosing to study this course with CMIT, Students have 24×7 access to CMIT eLearning for the duration of the course. This includes a comprehensive Course Manual, Video, Quizzes and personalised Tutor Support. The course documentation for this course is detailed and easy to read. You will also be able to upload assessments online and receive online feedback. You can use the eLearning system from any computer that has internet access.

Topics covered in this Course

Unit 1: Assessing Your Own Leadership Capability and Performance

Management and Leadership

Theories of Management and Leadership

Personal Competencies: Delegation, Motivation, Influencing, Conflict Management, Teamwork and Collaboration

Professional Competencies: Developing and Coaching

Leadership Competencies: Initiative, Transparency, Inspiration, Change, Self-control and Adaptability

Management Development Options

Skills Audit and Development Plan

Unit 2: Understanding the Organisational Environment

Uses of PESTLE Analysis

Components of a PESTLE Analysis

Information Gathering

Political and Government Influences

Economic Influences

Social and Technological

Social Trends

Industry and Market Analysis

Technology Trends

Legal and Regulatory Environment

Environmental Influences

Ethics

Key Drivers of Change

PESTLE Impact Assessment

Unit 3: Interpreting Financial Statements

Key Concepts in Finance

Main Financial Statements

Financial Principles and Standards

Interpreting Financial Statements

Use of Financial Statements

Interpreting Balance Sheets

PandL Statements

Horizontal Analysis

Trend Analysis

Vertical Analysis

Ratio Analysis

Unit 4: Making a Financial Case

Short and Long-term Planning

Budgets and Budgeting

Capital and Revenue Expenditure

The Cashflow Statement

Costing Techniques

Cost Behaviour and Allocation

Marginal Costing

Breakeven Analysis

Margin of Safety

Capital Appraisal Techniques

Payback Period

Net Present Value

Internal Rate of Return

Who should complete this course?

People considering a career in financial management.

Non-financial Managers in businesses who wish to gain an understanding of financial aspects of business.

Entry Requirements / Prerequisites

Level 5 certificate or equivalent qualification and/or relevant life and work experiences.

As this is a Level 6 professional qualification, learner will be expected to reference their assignment work to a high academic standard.

Candidates must be fluent in English with excellent written English Skills in order to achieve the assessment criteria. Queries on the standard required can be directed to the college.

The assessments for this course draw on candidates own practical experience and as such candidates need to be working or have access to an organisation in which they can plan, execute and reflect on a number of management activities.

As this programme is delivered through distance learning, students must be capable of studying on their own initiative.

A basic working knowledge of computers and access to a computer with internet access is required to do the course.

Assessment

This course is assessed through a series of tutor-marked assignments.

All work submitted must be your own work. There is no exam with this course.

As part of our quality assurance, learner assessment work will be marked by an Internal Assessor, then checked by an Internal Verifier and an External Verifier.

Transfer and Progression to Further Studies

This course leads to an award recognised at Level 6 on the National Framework of Qualification in Ireland. Learners who successful complete this programme may build on the units achieved towards another recognised ILM qualification. There is also opportunities to progress to other related qualifications on the National Qualifications Framework or apply to University partners with which ILM have specific progression routes.

ILM Membership

All registered candidates automatically become studying members of the ILM for 6 months, free of charge, and can enjoy a range of member benefits.

Accreditation

Following successful completion you will receive an ILM Certificate in Leadership and Management (Finance) from the Institute of Leadership and Management.

QQI / National Qualifications Authority of Ireland (NQAI) recognised this as an equivalent to a Level 6 Award in Ireland.

ILM is a recognised awarding body in Ireland. CMIT is registered with ILM to offer programmes leading to ILM awards.

Please note that there is a EUR60 fee payable for administration, moderation and certification.