Level 4 PreU Diploma
in Finance and Accounting
Level 4 PreU Diploma could transfer 20 credits and full tuition fees to second-year bachelor’s programs by SIMI and University Partners.
Level 4 PreU Diploma in Finance and Accounting
This unit introduces learners to the role of finance and accounting and how the financial information generated by business activities can be used to plan, monitor and improve the performance of businesses operating in the logistics and supply chain environment.
Could transfer 20 credits and full tuition fee to the Master of Business Administration (MBA) of SIMI Swiss and University Partners.
Learning Outcomes:
1. Understand the role of the finance and accounting function in a logistics business.
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1.1 Identify the reasons for maintaining accurate financial records in business.
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1.2 Explain the specialist finance and accounting roles in a business.
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1.3 Explain the purpose of the main financial statements.
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1.4 Discuss the contribution of the finance and accounting function to business decision-making in a logistics business.
Understand the sources of finance available to a logistics business.
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2.1 Understand the importance of business finance for a logistics business.
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2.2 Understand the concepts of working capital and liquidity.
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2.3 Discuss the sources of finance for a logistics business in different scenarios.
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2.4 Understand the impact of depreciation on business assets.
3. Be able to prepare and monitor a budget
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3.1 Differentiate between different types of budgets.
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3.2 Prepare different types of budgets.
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3.3 Undertake a variance analysis on a budget.
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3.4 Identify the reasons for adverse and favourable budget variances.
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3.5 Identify actions to address budget variances.
4. Be able to analyse the performance of a logistics business.
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4.1 Analyse the financial performance of a business from information drawn from financial statements.
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4.2 Identify actions to address the underperformance of a logistics business.
Topics:
Understand the role of the finance and accounting function in a logistics business.
Course Coverage
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Reasons for maintaining accurate financial records.
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Implications for the business of poor financial record keeping.
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The role of bookkeepers, credit controllers, procurement officers, financial accountants and management accountants.
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The difference between management accounting and financial accounting.
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The format of the main financial statements
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The income statement
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The statement of financial position
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Decision-making in the logistics environment in relation to:
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Business strategy
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Business operations
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Business tactics
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Understand the sources of finance available to a logistics business.
Course Coverage
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The need for business finance in respect of different time horizons: short and long-term timescales.
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The importance of working capital and effective working capital management in a logistics business.
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Net current assets
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Cash flow forecasts
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Sources of finance:
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Internal: retained profits, net current assets, sale of assets
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External: owner’s capital, bank overdraft, hire purchase, leasing, trade credit, mortgages, shares, loans, debt factoring, invoice discounting.
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The depreciation on non-current assets, including a transport fleet, and its impact on the income statement and the statement of financial position.
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Straight line depreciation
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Reducing balance depreciation
Be able to prepare and monitor a budget
Course Coverage
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Budgets:
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Operating budget
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Cash budget
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Fixed budget
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Master budget
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Incremental budgeting
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Activity-based budgeting
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Budgeting based on value proposition
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Zero-based budgeting
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The purpose of variance analysis as a monitoring mechanism.
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Favourable and adverse budget variances and how they may arise in a logistics business.
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Addressing budget variances in a logistics business in relation to:
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Costs including fixed and variable which arise in a logistics business.
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Revenue including the negotiation of transportation contracts.
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Business processes including inventory management and warehousing.
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The supply chain including national and international supply chain considerations.
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Business practices including procurement.
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Be able to analyse the performance of a logistics business.
Course Coverage
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The need of business stakeholders for financial information:
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Shareholders/owners/managers
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Employers
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Creditors/suppliers
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Lenders
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Employees
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Ratio analysis
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Profitability
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Liquidity
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Efficiency
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Actions to address under-performance in a logistics business in relation to the outcome of ratio analysis.
Indicative reading list
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Fields, E. (2018) Essentials of Finance and Accounting for Non-financial Managers 3rd edition, Amacom, New York.
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McLaney, E. and Atrill, P. (2020) Accounting and Finance: An Introduction 10th edition, Pearson, Henlow.
Additional Resources
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Journal of Finance and Accounting
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Management Help
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Association of Accounting Technicians
Entry requirements
To enroll The Level 4 PreU Diploma, the learner must possess:
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Learners must be over 18 years old.
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Relevant Level 3 Diploma or equivalent qualification.
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Or GCE Advanced level in 2 subjects or equivalent qualification.
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.
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Common European Framework of Reference (CEFR) level B2 or equivalent.
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Or A minimum TOEFL score of 101 or IELTS 5.5; Reading and Writing must be at 5.5 or equivalent.
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Or A minimum Pearson Test of English Academic (PTE Academic) score of 51 or equivalent.
After graduating with Master 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 SIMI Swiss 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’ Master Award means:
SIMI Swiss Master Award is the award at the master level and is equivalent to:
- Level 7 certificate of Regulated Qualification Framework (RQF) of UK
- Level 10 certificate of Scottish Credit and Qualifications Framework (SCQF)
- Level 7 certificate of Credit and Qualifications Framework (CQFW)
- Level 7 certificate of European Qualifications Framework (EQF)
- Level 9 certificates of the Australian Qualifications Framework (AQF)
- Level 7 certificate of ASEAN Qualifications Reference Framework (AQRF)
- Level 9 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 Master Award program when participating in the Master of Business Administration (MBA) Please see the credit transfer policy HERE
Tuition fee transfer:
When participating in the MBA program, students who have graduated 1 Master 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 Master Award programs, if an entry bachelor is unavailable, students must demonstrate a minimum of 5 years of work experience in the relevant field. Please note that a bachelor’s degree is required for the Master’s program at SIMI Swiss and University Partners so that you could study Master Award but could not move to the Master’s program of SIMI and University Partners.
- 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 university degree will not be able to participate in the program at Master’s level, and applicants without a Master’s degree will not be able to participate in the program at the Doctoral 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.
- SIMI Swiss will issue the Letter of Acceptant (LOA). You wil proceed to the next steps according to the instructions and pay tuition fee.
- 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 becoming 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.
SWISS MICRO CREDENTIAL
Contact us
If you interested this micro credential course, please feel free to contact with us! Please note that this program is a not for profit and learning with full online model.