What you will study
Many professionals and business people, while experts in their own field, are less comfortable managing the financial resource than, for example, people and operations. If this is the way you feel, then this course is for you. It is a gentle but practical introduction to some financial concepts and techniques.
This is not an accountancy course. We assume that you get professional help when preparing your own accounts and taxes. Our approach introduces a few basic financial principles and then shows how you can use them to provide useful management information. To illustrate the concepts, we will use simplified sample accounts, and encourage you to compare them to your own accounts.
You will work at your own pace through study material. Our objective is to awaken your curiosity and to encourage you to find out more about managing your own organisation's financial resource. A series of activities throughout the course enable you to relate what you are learning to your own work situation and to complete a final work-based activity.
At the end of the course, you will:
be familiar with the content of the three basic accounts
understand how they can be used to manage performance
appreciate the contribution that financial information makes to business decisions
be able to ask more informed questions
be encouraged to want to explore your own organisation's finances in more depth.
The strong link between course learning and your work practice creates relevant, enduring and transferable outcomes. It requires no more than 30 hours of your time in total, over whatever period suits you. But the learning is far richer than more expensive one- to three-day workshops. Register online today and start tomorrow – no need to wait!
The course features the distinctive strengths of The Open University (OU) from its years of expertise in work-based learning:
The convenience of accessing its clearly presented and sequenced materials, activities and support whenever suits you and wherever you have access to the dedicated website – if you prefer, you can print key materials to work on them offline.
The support of an expert learning adviser who can clarify study materials, answer questions and help you relate the course to your specific needs.
A work-based activity helping you to connect the course to your individual and organisational context and needs. This is built up from short activities during the course, leading to a Personal Development Plan. At the end of the course you send this to the learning adviser, who provides personal feedback.
Certification of completion from the OU for those who complete the course. You can use this to demonstrate your Continuing Professional Development (CPD) activity to your employer and/or professional body. (N.B. The course does not carry academic credit points.)
Successful completion of the course enables us to recognise your achievement of the course learning by issuing an OU certificate that you can use to document your commitment to continuing professional development in your personal portfolio, or to provide evidence to employers or professional body.
Expert, confidential learner support is available when you need it from a learning adviser, who will respond to you direct within 24 hours. Other support is available via the GB012 forum, library, StudentHome website and computing helpdesk.
The work-based activity for this course involves the preparation of a plan to improve your financial management in your own workplace. It is submitted at the end of the course and will allow you to reflect on your learning and how to use it in your professional work.