Managing Finance

Module Description

This module serves to introduce the students to important concepts in financial management. The students will be exposed to the preparation of accounts, business finance, budgeting, financial ratios, and financial statements, amongst other topics, to be able to navigate in the field of credit management.

Students will also be exposed to case scenarios with multi-faceted challenges – economic changes, regulatory shifts, or ethical dilemmas – which will build their autonomy and problem-solving capacities

Moreover, this module will help students understand how knowledge of accounting, budgeting, and ratio analysis drives long-term business decisions.

Entry Requirements

Candidates who apply for this course will possess:

• A qualification at MQF Level 4 (one ‘A’ Level or equivalent in any subject/ a related (professional) qualification)
• a pass in English Language* and Mathematics at MQF Level 3 (‘O’ Level or equivalent).

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 and/or related experience (e.g., assistant accountant, credit controller, etc.) is found then the applicant could still be accepted on the course.

Evidence may include:

• A detailed CV outlining relevant work experience and responsibilities.
• Employer reference letters outlining job role, duration, and key competencies.
• Related documentation demonstrating relevant skills (e.g. work portfolio).
• Such RPL process may subject applicants to an interview held with a board of experts within the field, chosen specifically by IDEA College, so as to verify their practical knowledge, experiences, and prior learning.

*Students whose first language is not English and do not possess an ‘O’ level pass in English Language will be required to demonstrate English language capability at IELTS level 6.0 or equivalent.

Target Audience

This qualification targets:

• Individuals seeking to advance their academic and professional knowledge in Credit Management and Collections.
• Individuals wanting to pursue a wide range of career paths within this field.
• Individuals wanting to enhance their ability to interpret, assess and communicate credit management related information.

Career Paths

This programme equips the audience with the competences, knowledge, and skills listed in this application. The potential positions for which this programme aims to prepare could be and are not limited to:

• Credit manager
• Credit controller.
• Credit analyst.
• Collections specialist.
• Financial assistant.

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:

• Assessment 1
• Assessment 2

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.