Finance Essentials

The Basics of Financial Management (FE001)

Take care of the costs, and the profits will take care of themselves. Are you familiar with that adage? It’s one of many nuggets of economic wisdom. You may also have heard that “creditors have better memories than debtors” and that “money doesn’t grow on trees”…

We know it makes sense to keep our financial affairs in order, but it’s not easy to do. The minute we open that daunting spreadsheet, our enthusiasm instantly reduces. We get lost in the complicated jargon of banking and commerce, profit and loss. We might be reluctant to do it, but businesses and individuals can avoid all sorts of headaches by keeping the books in good order.

The good news is that you don’t need to be a financial wizard to get to grips with your own accounts, and this training will help you do just that!

By the end of this course, you’ll be able to:

• Recognize the benefits of sound financial management
• Recall the key principles of how best to manage your finances
• Identify which pitfalls to avoid

Why take this course?

The lessons of good financial management apply to everyone, regardless of their means, position, salary, or lifestyle. Whether you’re seeking to improve the bookkeeping practices of your business or you’re making a plan to manage your own money, this course will give you the insight you need in order to make sensible financial decisions.

10 mins | SCORM | Workbook

  • The Basics of Financial Management
Completion rules
  • All units must be completed