Finance for Property Agents
3 Credits (ECTS)
Finance for Property Agents
Get 70% back via Tax Credit
€105 refund on this module
Module Description
Learners will gain knowledge on the major areas of finance, the managerial finance function and role of financial management.
Learners will familiarise themselves with financial statements and their purpose as well as discuss the nature of costs i.e. direct, indirect, sunk and opportunity cost.
In addition, learners will become familiar with the time value of money. Students will gain knowledge on capital structure and comprehend the relationship between profit and cash flow in the real estate industry.
Entry Requirements
Candidates who apply for this course must possess:
- School leaving certificate, passed examinations in English Language, Maltese (or mother language if it’s a foreigner); and
- Minimum age: 16+
OR
1 year of experience in relevant field
Target Audience
This course is targeted at:
- Property Consultants
- Sellers
- Negotiators
- Administration
- Workers working in the real estate industry. The target group can be extended to groups such as: construction companies, contractors and developers.
Career Paths
This course prepares students for the relevant license to operate in the capacity of real estate agents, property brokers and property consultants, as per the ‘Real Estate Agents, Property Brokers and Property Consultants Act’, enacted in 2020.
Furthermore, this programme aims to increase the employability of individuals interested in working in the real estate and construction industry.
How you’ll be assessed
The mode of assessment varies and may include in-class tasks and home-based written assignments using diverse assessment tools which may include care studies, reports, proposals, essays, presentations, multiple-choice questions assessment, as applicable to the diverse modules.
Assessment
- Formative assessment will take place during the session in the form of discussions, feedback, etc., but it will not be graded and, therefore, will have no weighting.
Module Intake Dates
TBC 2024
Additional Info
Upon successfully completing the course, students will be eligible to get 70% of their fees back through the ‘Get Qualified’ Scheme. **
*Prices are applicable to students who reside in Malta at the time of applying.
**Terms and conditions apply.
*** For the price of individual modules, please contact the IDEA Academy team.
Learning Outcomes
Competences:
- Identify the financial structures of legal forms of business organisations.
- Familiarise oneself with the nature of costs: direct, indirect, sunk, and opportunity cost.
- Identify the relationship between profit and cash flow.
- Identify cash inflows and outflows in own organisation.
- Learn how to correctly interpret the cash flow statement of own organisation.
- Contribute to financial-based decisions for the prosperity of own organisation.
- Comprehend the process of internal and external audits.
- Understand the concept of money laundering.
- Familiarise oneself with stamp duty and capital transfers tax and tax regimes.
- Understand different types of tax regimes such as final tax withholding such as ones coming from rentals.
Knowledge:
- Discuss the role, function, and methodologies of financial management.
- Gain an introduction to the principles of economics.
- Familiarise oneself with VAT issues.
- Acquire knowledge relating to valuations.
- Learn about the importance and processes of record management.
- Gain introductory knowledge on financial statements and reporting.
- Define the function of financial returns/reports related to the organisation.
- Explain the nature of costs.
- Define the role of the FIAU.
- Outline the budgeting processes.
- Comprehend and discuss capital structure.
- Examine the relationship between cash flow and profit.
- Recognise the importance of sound financial-based decisions.
- Become familiar with anti-money laundering (AML) processes and funding of terrorism aspects.
- Understand time value of money that is net present value and future value.
- Discuss the accounting cycle and accounting records in the appropriate documentation.
- Discuss due diligence approaches.
- Navigate the topics of self-employment and organisational behaviour.
Skills:
- Demonstrate knowledge of VAT issues and valuations.
- Apply cash-based and accruals-based concepts when working out own finances.
- Contribute to the planning of the different types of budgets required for finance management.
- Practice appropriate record management processes.
- Demonstrate and apply knowledge of AML procedures.
- Make informed, sound financial-based decisions.
Module-Specific Learner Skills:
- Examine the function of financial returns/reports related to the organisation.
- Be able to read and comprehend a primer on financial statements and reporting.
Module-Specific Digital Skills and Competences:
- Navigate through the online learning platform to find assignments, discussion boards, literature, tutorials, etc.