Doctoral Award in
Strategic Financial Management
Doctoral Award could transfer 20 credits and full tuition fees to Doctoral programs by SIMI Swiss.
Doctoral Award in Strategic Financial Management
The aim of this award is to enable learners to apply financial principles relevant to management in an organisational context, including analytical techniques and theories/models of management accounting, evaluation of budgetary processes, recommending funding sources and appraising investment options.
Could transfer 20 credits and full tuition fee to the Doctor of Business Administration (DBA) or PhD of SIMI Swiss.
Learning Outcomes:
1. Be able to apply the tools and techniques of cost accounting.
- 1.1 Critically analyse the concepts, features and importance of cost accounting in an organisation.
- 1.2 Apply tools of costing design and costing systems to an organisation.
- 1.3 Recommend improvements to the costing and pricing systems of an organisation.
2. Be able to critically analyse the financial performance of businesses.
- 2.1 Analyse financial statements to assess the financial position of an organisation.
- 2.2 Recommend organisational decisions based on evaluation of financial statements using financial ratios.
- 2.3 Propose managerial recommendations on the strategic portfolio of an organisation based on financial analysis.
- Be able to evaluate the budgetary processes of organisations.
- 3.1 Evaluate budgetary targets for an organisation.
- 3.2 Develop a master budget for an organisation.
- 3.3 Critically evaluate budget and budgetary processes in an organisation.
4. Be able to recommend effective long term and short term sources of funding.
- 4.1 Assess the need for short term working capital and long- term funds for an organisation.
- 4.2 Appraise appropriate sources of short term and funds for an organisation.
- 4.3 Justify choices of sources of funds using a range of criteria related to cost and risk.
5. Be able to critically appraise investment options.
- 5.1 Apply financial appraisal methods to analyse competing investment projects in different kinds of organisations.
- 5.2 Justify strategic investment decision for an organisation using relevant financial information.
- 5.3 Critically analyse strategic investment decisions using information.
Topics:
Introduction to Financial and Managerial Accounting
Course Coverage:
- Purpose of financial and managerial accounting and its role in financial strategy formulation.
Cost Systems
Course Coverage:
- Cost classifications by object, function, product/service, and behaviour; opportunity cost analysis; methods like job costing, batch costing, process costing, contract costing, and standard costing.
- Variance calculations and analysis for management by exception.
Costing Methods
Course Coverage:
- Absorption costing, marginal costing, activity-based costing (ABC), and their use in cost calculation, pricing policies, and cost control mechanisms.
Cost Control Systems
Course Coverage:
- Understanding cost centres, profit centres, investment centres, and accountable management.
- Planning and control methods for cost management.
Financial Statements
Course Coverage:
- Estimates and assumptions relating to profit and loss accounts, balance sheets, and cash flow statements.
Financial Ratio Analysis
Course Coverage:
- Calculation, interpretation, and limitations of key financial ratios such as liquidity, efficiency, and profitability ratios.
- Applications of ratios for internal and external organisational decision-making.
Budgets
Course Coverage:
- Types of budgets: flexible, fixed, and zero-based budgeting.
- Budgeting process from functional to master budget, including their relationship to cost control, quality control, and resource utilisation.
Budget Monitoring and Evaluation
Course Coverage:
- Comparing budgeted vs actual figures, investigating variances, implementing corrective actions, and addressing human behavioural issues in budgeting.
Sources of Financial Resources
Course Coverage:
- Short-term and long-term funding options, internal and external sources, venture capital, and leverage.
- Techniques to compare funding sources based on cost, risk, and control.
Managing Working Capital and Investment Appraisal
Course Coverage:
- Capital and revenue expenditure, cash flow management, and the time value of money.
- Project appraisal methods: accounting rate of return, payback period, net present value (NPV), internal rate of return (IRR), and adjustments for inflation, taxation, and real rates of discount.
Indicative reading list
Core texts:
- Atrill, P. and McLaney, E. (2006) Accounting & Finance for Non-specialists. (5th edition) Harlow: FT Prentice Hall.
- Chaffey, D., Bocij, P., Greasley, A. and Hickie, S. (2006) Business information systems: technology, development and management for the e-business, (3rd edition), Harlow: Financial Times Prentice Hall/Pearson Education.
Additional reading:
- Atrill, P. (2011) Financial management for decision makers. Harlow: FT Prentice Hall.
- Atrill, P. and McLaney, E. (2006) Management Accounting for Decision Makers. Harlow: Prentice Hall.
- Berk, J. and DeMarzo, P. (2007) Corporate Finance. London: Pearson.
- Brealey, R., Myers, S. and Marcus, A. (2007) Fundamentals of Corporate Finance. New York: McGraw Hill Irwin.
- Cox, D. and Fardon, M. (1997) Management of Finance. London: Osborne Books.
- Dyson, J. R. (2004) Accounting for Non-Accounting Learners. 6th Edition. Harlow: FT Prentice Hall.
- Drury, C. (2009) Management Accounting for Business. 4th Edition. London: Cengage Learning EMEA.
- Lumby, S. and Jones, C. (2000) The Fundamentals of Investment Appraisal. London: Thomson Learning.
- Laudon, K. and Laudon J. (2007) Management Information Systems – Managing the Digital Firm. 10th Edition. Harlow: Prentice Hall.
- Monden, Y. (1995) Cost Reduction Systems: Target Costing and Kaizen Costing. New York, Productivity Press.
- Marsh, C. (2009) Mastering Financial Management. Harlow: FT Prentice Hall.
- Van Horne, J. and Wachewicz, J. (2009) Fundamentals of Financial Management. Harlow: FT Prentice Hall
- White, G. I., Sondhi, A. C. and Fried, D. (2003) The Analysis and Use of Financial Statements. 3rd Edition. Hampshire: John Wiley and Sons.
Other indicative reading:
- Peer reviewed academic journals as Financial Management, Journal of International Financial Management & Accounting, International Journal of Financial Management and related.
- Online resources, corporate industry reports, the Institute of Certified Financial Managers publications and relevant.
Journals/newspapers:
- The Financial Times;
- Management Accounting Quarterly;
- Financial Management;
- International Journal of Financial Management;
- Journal of International Financial Management & Accounting;
- Management Today;
- Strategic Finance;
Websites:
- Most of the professional accounting bodies in the UK have their own websites (CIMA, ICA, CIPFA, AAT);
- www.aat.co.uk (Association of Accounting Technicians)
- www.cimaglobal.com (Chartered Institute of Management Accountants)
- www.cipfa.org.uk (Chartered Institute of Public Finance and Accountancy)
- www.companies-house.gov.uk (Companies House)
Entry requirements
To enroll the Doctoral Award, the learner must possess:
- Graduated with a Master’s degree from an accredited university or achieved a Level 7 Diploma according to the European Qualifications
- For a degree from non-global accredited universities; The learner should have followed Accreditation of Prior Experiential Learning for Qualifications (APELQ) policy of SIMI and/or University Partners.
- Learners must be over 24 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 Doctoral 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’ Doctoral Award means:
SIMI Swiss Doctoral Award is the award at the doctoral level and is equivalent to:
- Level 8 certificate of Regulated Qualification Framework (RQF) of UK
- Level 11 certificate of Scottish Credit and Qualifications Framework (SCQF)
- Level 8 certificate of Credit and Qualifications Framework (CQFW)
- Level 8 certificate of European Qualifications Framework (EQF)
- Level 10 certificates of the Australian Qualifications Framework (AQF)
- Level 8 certificate of ASEAN Qualifications Reference Framework (AQRF)
- Level 10 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 Doctoral Award program when participating in the Doctor of Business Administration (DBA) or PhD. Please see the credit transfer policy HERE
Tuition fee transfer:
When participating in the DBA/PhD program, students who have graduated 1 Doctoral 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 Doctoral Award programs, if an entry master is unavailable, students must demonstrate a minimum of 5 years of work experience in the relevant field. Please note that a master’s degree is required for the Doctoral program at SIMI Swiss and University Partners so that you could study Doctoral Award but could not move to the Doctoral 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 will 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 Experimental Learning for Qualifications (APELQ) 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
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.