Bachelor Award in
Financial Decision Making
Bachelor Award could transfer 20 credits and full tuition fees to Bachelor’s programs by SIMI Swiss.
Bachelor Award in Financial Decision Making
The aim of this award is to demonstrate the links between business decision making, risk assessment and financial information. Learners will understand how businesses are financed through their fixed and working capital requirements and how the financial management of each organisation is influenced by its governance and ownership structure.
Could transfer 20 credits and full tuition fee to the Bachelor of Business Administration (BBA) of SIMI Swiss.
Learning Outcomes:
1. Understand the role of financial information and financial analysis in business risk assessment and decision making.
- 1.1 Analyse the factors that guide and drive decision making in business.
- 1.2 Assess the significance of financial factors in business decision making.
- 1.3 Evaluate the characteristics of business risk that impact on financial and business decisions.
2. Understand how financial statements and their structure aid business decision making.
- 2.1 Compare the accrual and cash flow approaches to accounting and financial reporting and the implications of each for business decision making.
- 2.2 Evaluate the structure and content of final accounts and their uses for business decision making.
- 2.3 Interpret financial information in balance sheets, income statements as well as sources and applications of funds statements.
- 2.4 Differentiate between financial decisions relating to capital expenditure and those relating to revenue expenditure.
3. Be able to perform effective capital expenditure appraisal using range of techniques.
- 3.1 Appraise various sources of short-term and long term financing for businesses.
- 3.2 Critically examine key factors affecting the choice of source of financing.
- 3.3 Evaluate various techniques used for appraising and making decisions regarding capital expenditure.
- 3.4 Explain the possible benefits and drawbacks of off-balance sheet financing.
4. Be able to evaluate how different ownership structures impact on financial performance.
- 4.1 Critically analyse the corporate governance, legal and regulatory environments of different business ownership structures.
- 4.2 Compare and contrast stakeholder interests of owners and managers in decision making.
- 4.3 Evaluate the significance of Return on capital Employed (ROCE), Earnings Per Share (EPS) and other overall performance measures for the long-term sustainability of businesses.
- 4.4 Differentiate between business ethics, governance and accounting ethics as controls on business accountability.
Topics:
Ownership structures, financial statements
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Sole traders, partnerships, limited companies, public limited companies, public sector organisations, cooperatives, international business structures, implications for finance.
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Structure of statements for each type of organisation, differences between organisations, reporting requirements (UK and/or international law and standards)
Structure, format and requirements of published accounts
- Role of auditors, published vs internal financial information, main published financial statements: statement of financial position, statement of financial performance, statement of cash flows
- Different ratios: profitability, liquidity, efficiency, capital, investor, using ratios: calculation and interpretation, industry benchmarking, limitations of ratio analysis
Business finance needs and sources of finance
- Long term – non-current assets; Short-term – working capital; importance of working capital for business continuity
- Costs of finance, effect on financial statements, range of sources, external and internal sources, long-term and short-term role of stock markets and advantages, disadvantages of each source
- Matching source of finance to project (long or short term, external or internal, asset backed finance etc.
Budgets, cash flow and investment appraisal
- Cash flow forecasts, budgetary control systems and budget information and managing cash flow.
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Net present value, discounted cash flows, internal rate of return, payback, accounting rate of return
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Analysing results, non-financial considerations, decision making, supporting recommendations
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Atrill, P. (2011) Financial Management for Decision Makers. Harlow: FT Prentice Hall.
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Atrill, P. and McLaney, E. (2006) Management Accounting for Decision Makers. Harlow: Prentice Hall.
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Atrill, P. and McLaney, E. (2010) Management Accounting for Decision Makers. 6th Edition. London: Financial Times Press.
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Berk, J. and DeMarzo, P. (2007) Corporate Finance. London: Pearson.
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Brealey, R., Myers, S. and Marcus, A. (2007) Fundamentals of Corporate Finance. New York: McGraw Hill Irwin.
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Cox, D. and Fardon, M. (1997) Management of Finance. London: Osborne Books.
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Drury, C. (2009) Management Accounting for Business. 4th Edition. London: Cengage Learning
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Dyson, J. R. (2004) Accounting for Non-Accounting Learners. 6th Edition. Harlow: FT Prentice Hall. EMEA.
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Lumby, S. and Jones, C. (2000) The Fundamentals of Investment Appraisal. London: Thomson
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Ray, P. (2009) Managerial Accounting for Business Decisions. 3rd Edition. London: Financial Times Press.
Entry requirements
To enroll The Bachelor Award, the learner must possess:
- Graduated vocational schools or College or completed 2nd year of Bachelor or
- Relevant NQF / QCF / RQF Level 5 Diploma, or equivalent or
- HNDs/ NVQs/ Foundation degrees/ Diploma of higher education (DipHE) or
- At least 2 year working experience.
- And learners must be over 18 years old.
The SIMI Swiss reserves the highest decision-making power for admission whether to accept or not accept after a specific review of each candidate’s profile to ensure that they can comprehend and gain benefits when participating. For the fake university or diploma mills, University Partners shall not be accepted.
English requirements
If a learner is not from a predominantly English-speaking country, proof of English language proficiency must be provided.
- Common European Framework of Reference (CEFR) level B2 or equivalent
- Or A minimum TOEFL score of 101 or IELTS 6.5; Reading and Writing must be at 6.5 or equivalent
After graduating with Bachelor Award, students receive all certified documents from the SIMI Swiss.
Certified Documents:
- e-Certificate from the Swiss Information and Management Institute (SIMI Swiss).
- Hard copy certificate from the Swiss Information and Management Institute (SIMI Swiss) – Optional.
- Accreditation of Prior Experiential Learning for Qualifications (APEL.Q) certified from University Partners for credit and tuition fee transfer.
Because the program is accredited and recognized, students can easily use certified in the working environment and have many opportunities for career advancement. In addition, in case if you want to study for a SIMI degree or university partner degree, students can convert all credits and the full paid tuition fee when participating in the program University Partners.
The SIMI Swiss’ Bachelor Award means:
SIMI Swiss Bachelor Award is the award at the bachelor’s level and is equivalent to:
- Level 6 certificate of Regulated Qualification Framework (RQF) of UK
- Level 9 certificate of Scottish Credit and Qualifications Framework (SCQF)
- Level 6 certificate of Credit and Qualifications Framework (CQFW)
- Level 6 certificate of European Qualifications Framework (EQF)
- Level 7 & 8 certificates of the Australian Qualifications Framework (AQF)
- Level 6 certificate of ASEAN Qualifications Reference Framework (AQRF)
- Level 7 & 8 certificate of the African Continental Qualifications Framework (ACQF)
Students can convert all credits and the full tuition fee when participating in the SIMI Swiss and/or University Partners academic programs if they want to study for an academic degree.
Credits transfer:
Learners can accumulate 20 credits from the Bachelor Award program when participating in the Bachelor of Business Administration (BBA). Please see the credit transfer policy HERE
Tuition fee transfer:
When participating in the BBA program, students who have graduated 1 Bachelor Award will receive a discount of full tuition fee which you paid. Please see the tuition fee transfer HERE
The SIMI Swiss micro-credential program allows for the transfer of credits and tuition fees into full degree programs from SIMI Swiss and/or its university partners. SIMI Swiss reserves the right to limit admissions once the number of students exceeds the quotas.
Apply Policy:
- To participate in the SIMI Swiss micro-credential program, students need to meet the entry criteria corresponding to each level. Please see the “Entry” tab for more details.
- SIMI Swiss will not accept applicants if their entry qualifications are from diploma mill universities or schools/universities that are not accredited.
- For Bachelor Award programs, if an entry diploma is unavailable, students must demonstrate a minimum of 2 years of work experience in the relevant field.
- English is not a mandatory entry requirement for short course programs, but candidates need to ensure that English is used in reading documents, listening to lectures, and doing assignments. Candidates should note that English is a mandatory requirement when switching to an academic program at SIMI Swiss and University Partners.
Apply Process:
- Choose the program that suits your requirements. Note that applicants without a Bachelor’s degree will not be able to participate in the program at the Master’s level.
- Email your application to support@simiswiss.ch with all the required documents. You could download the application form here.
- Our admission department will contact you and guide you through further processes if the registration documents need to be supplemented.
- The SIMI Swiss will issue the Letter of Acceptant (LOA). You wil proceed to the next steps according to the instructions and pay tuition fee.
- The SIMI Swiss will issue a student confirmation letter, login account to the e-learning system and related documents.
- You have become an official SIMI Swiss student and enjoy your study journey.
The SIMI Swiss micro-credential program is fully online, allowing you to study anytime, anywhere. You have the option to attend live classes with SIMI Swiss. The final exam will be uploaded to the system and evaluated by the academic panel of SIMI Swiss. Students must submit assignments on time; failure to do so will result in the student being considered to have discontinued the program.
Pricing Plans
Take advantage of one of our non-profit professional certified programs with favorable terms for your personal growing carreers.
- Live Class (Option)
- Full online videos
- e-Books
- Self study contents
- Online tutor videos
- Assignment guide
- e-Certificate
- Hard copy certificate
- Accreditation of Prior Experiential Learning for Qualifications (APEL.Q) certified from University Partners for credit and tuition fee transfer
- Accreditation & Recognition certified from University Partners
- Deliver hard copy certificate and all certified documents to your home
- Transfer full credits & tuition fees to equivalent academic programs
- Get more support tuition fees and scholarships when become University Partners' international students
- In the event that you receive a scholarship or discount, the fee you should transfer is the amount you actually paid
SHORT COURSES NETWORK
Contact us
If you interested this course, please feel free to contact with us! Please note that this program is a not for profit and learning with full online model.