Foundations in Financial Management (FFM)

• Educational Background: No prior finance or accounting experience is required. A basic understanding of mathematics and logical reasoning will be helpful to navigate the course effectively. 

• Language Proficiency: A good command of English is required as the course content and assessments are delivered in English. 

• Interest in Business and Finance: This course is ideal for those interested in understanding how financial data is used to guide decision-making in business and finance. 

• Understand key financial management concepts, including the purpose and role of financial management in organisations 

• Develop the ability to prepare and interpret basic financial statements, such as income statements and balance sheets 

• Apply budgeting and financial analysis techniques to make informed financial decisions 

• Understand how to manage working capital and use investment appraisal techniques

The Foundations in Financial Management (FFM) course is designed for individuals who are starting their career in finance or those who want to strengthen their understanding of financial management concepts. It is suitable for: 

• Aspiring Financial Managers 

• Junior Accountants 

• Finance Assistants 

• Business Analysts 

• Accounts Assistants 

• Entry-Level Finance Professionals 

• Working capital management

  • Working capital management cycle

    • Inventory control

    • Accounts payables and receivables control
       

• Cash budgeting

  • Nature and sources of cash

    • Cash budgeting and forecasting
       

• Managing cash balances

  • Treasury function

    • Overview of financial markets

    • Managing deficit cash balances

    • Managing surplus cash balances
       

• Financing decisions

  • Money in the economy

    • Medium term financing

    • Long term financing

    • Financing for small and medium sized enterprises
       

• Investment decisions

  • Financing concepts

    • Capital budgeting

    • Capital investment appraisal
       

• Credit management

  • Legal issues

    • Credit granting

    • Monitoring accounts receivables

    • Debt collection
       

• Employability and technology

  • Use computer technology to efficiently access and manipulate relevant information

    • Work on relevant response options, using available functions and technology as would be required in the workplace

    • Navigate windows and computer screens to create and amend responses to exam requirements, using the appropriate tools

    • Present data and information effectively, using the appropriate tools