Finance, Accounting, and Economics  

MQF Level 7

6 Credits (ECTS)

Finance, Accounting, and Economics

Module Type
Compulsory
ECTS Credits
6 Credits (ECTS)
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Module Description

This module provides an understanding of the core quantitative and analytical disciplines underpinning business management: finance, accounting, and economics.

It is designed to equip learners from diverse academic and professional backgrounds with the essential concepts, frameworks, and tools required for success in the MBA programme.

Through an integrated approach, the module introduces financial statement analysis, key principles of managerial and financial accounting, and the economic forces that shape organisational decision-making. Emphasis is placed on practical application, critical thinking, and the ability to interpret financial and economic data in real-world business contexts

 

 

Entry Requirements

Candidates who apply for this course should hold: 

  • Level 6 Degree. 

OR

  • Level 5 Diploma or Higher Diploma related to the indicated areas and 4 years of relevant work experience preferably in positions aligned with the programme’s subject areas (subject to interview by Admissions Board), such as:  
  • Mid-level or senior management roles (e.g., Department Manager, Project Manager, Operations Manager);  
  • Strategic or functional leadership positions (e.g., Business Analyst, HR Business Partner, Marketing Manager, Financial Controller); 
  • Entrepreneurial or consultancy roles within business or organisational contexts. 

Preference will be given to those applicants holding a: 

  • A Level 6 degree in a related subject area; and (related) work experience.       

In the case of students who do not possess all the formal required academic qualifications, then the Recognition of Prior Learning (RPL) process could be applied such that if evidence of equivalent learning is found then the applicant could still be accepted in the course. RPL process will subject applicants to an interview held with a board of experts within the field, chosen specifically by IDEA College, so as to verify their experiences and prior learning. 

Students whose first language is not English will be required to demonstrate a good level of proficiency in the language (through IELTS certificate with a score of 6.0 or OET with a minimum score of B in speaking and at least C+ in listening, reading and writing, etc.). 

Target Audience

This programme is designed for professionals who aspire to advance into strategic management and leadership roles across diverse sectors. It is particularly suited for: 

  • Emerging leaders and mid-career managers seeking to strengthen their managerial capabilities across business functions, including finance, operations, marketing, and human resources.  
  • Experienced practitioners who aim to enhance their strategic thinking, innovation skills, and decision-making in complex business environments.  
  • Professionals pursuing interdisciplinary expertise, such as those combining technical, operational, or entrepreneurial backgrounds with strategic business awareness. 

Career Paths

The Postgraduate Certificate in Business Administration supports career progression for professionals seeking to strengthen their business, management, and leadership capabilities across a wide range of industries.The qualification also provides a strong foundation for professionals aspiring to move into middle and senior management positions, as well as those wishing to continue their studies towards higher postgraduate qualifications in business and management.

How you’ll be assessed

The course comprises:

  • Evening classes for part-time courses.
  • Classes held throughout the day for full-time courses.
  • Guided learning, presentations, comprising synchronous online discussions, tutorials and/or videos.
  • Self-study hours comprising research, reading and assignment work.

Assessment

Assessment is carried out via two mandatory components:

  • Modular Assessment

The programme includes different forms of assessment which allow for and promote students’ critical engagement. The formative and summative assessment tasks may include an in-class assignment and/or a home-based written assignment using diverse assessment tools which may take the form of online and in-class discussions, examinations, case studies, reports, proposals, essays, and presentations, etc., as applicable to the diverse modules. 

Assignment
Discussions

Learning Outcomes

Competences:

At the end of the module/unit the learner will have acquired the responsibility and autonomy to:

  • Demonstrate knowledge of accounting principles and interpret key financial statements. 
  • Apply financial concepts to evaluate business performance and support managerial decision-making. 
  • Explain economic concepts and their implications for organisations operating in dynamic market environments. 
  • Integrate insights from finance, accounting, and economics to analyse and solve practical business problems. 
  • Develop quantitative literacy and analytical skills necessary for advanced study and professional practice in management. 

Knowledge:

At the end of the module/unit the learner will have been exposed to the following:

  • Demonstrate knowledge of accounting principles and interpret key financial statements. 
  • Apply financial concepts to evaluate business performance and support managerial decision-making. 
  • Explain economic concepts and their implications for organisations operating in dynamic market environments. 
  • Integrate insights from finance, accounting, and economics to analyse and solve practical business problems. 
  • Develop quantitative literacy and analytical skills necessary for advanced study and professional practice in management. 

Skills:

At the end of the module/unit the learner will have acquired the following skills:

  • Analyse financial statements to derive insights about organisational performance and financial health. 
  • Apply basic financial calculations and ratio analysis to support business assessments. 
  • Interpret economic data and market conditions to inform managerial judgement. 
  • Use quantitative reasoning to evaluate business options and articulate evidence-based conclusions. 
  • Communicate financial and economic findings clearly using appropriate terminology and practical examples. 
  • Employ integrated analytical thinking to solve multifaceted business problems drawing on finance, accounting, and economics. 

Module-Specific Learner Skills:

The learner will be able to:

  • Apply integrated financial, accounting, and economic analysis to evaluate business scenarios and propose practical managerial recommendations. 

Module-Specific Digital Skills and Competences:

The learner will be able to:

  • Use digital tools such as spreadsheets and basic analytical software to organise, calculate, and interpret financial and economic data for managerial decision-making. 
  • Navigate through the online learning platform to find assignments, discussion boards, literature, tutorials, etc.  
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