Financial management is an essential skill for managers across all business functions, as maintaining a department budget is a common responsibility. It’s also important knowledge for individual financial health, from investment planning to household budgeting and operating your own business.
The Certificate of Financial Management is an online professional development course, designed to provide you with knowledge of financial management as it applies to the environment of business and finance.
Throughout this finance management course, you will gain the knowledge required to analyse and report on a broad range of financial and business performance information. This online course also encompasses assessing clients’ needs, whether internal or external, analysing data, preparing financial management advice and delivering financial reports to meet organisational objectives.
On completion of this course, you’ll feel confident in the essential facets of financial management for business and financial environments.
Course Structure
Unit 1 - Provide financial and business performance information
- Client expectations
- Business objectives
- Small, medium and large business
- Financial institutions
- Partnerships and trusts
- Internal and external reports
- Sole traders
- Tax liabilities and obligations
- Financial plan
- Depreciation
- Business structure and performance
- Financial options and processes
- Equity
- Accounts receivable management
- Business requirements
- Working capital
- Cash Flow Forecasting (CFF)
- Budgeting
- Revenue and expense controls
- Net present values (NVP)
- CEO’s and Financial Officers
- Reconciliations
- Statement of financial performance
- Financial analysis techniques
- Profitability and efficiency
- Financial stability and potential
- Estimate and projections
- Debtor default
- Short and long-term finance
- Law and Ethics
Unit 2 - Provide management accounting information
- Operating and cost data
- Management accounting information
- Recording transactions
- Entering cash transactions
- General ledger
- Chart of Accounts
- Preparing a journal entry
- Good and services tax (GST)
- Accrual accounting
- Accuracy and reliability
- Double entry accounting
- Backup schedule
- Coding and classifying data
- Manufacturing costs
- Actual and applied overheads
- Overhead balances
- Job costing
- Labour and service costs
- T accounts
- Invoices
- Claiming a GST credit
- Non-cash transactions
- Reconciliation procedures
- Income statements
- Profit and loss statements
- Financial cost analysis
- Cash flow statements
- Formulating cost reports
- Formulating cost reports
- Cost budget
- Materials used budget
- Labour usage budget
- Manufacturing overheads budget
- Cost centres
- Cost analysis and reporting
- Breakeven analysis
- Budget types
- Cash flow budget
- Cash surplus
- Service cost analysis
- Full cost accounting
- Variances
- Zero-based budgeting
- Activity-based budgeting
- Rules of accounting
- Balance sheets
- Depreciation
- Standard cost accounting
- Sales mix variance
- Perpetual inventory system
- Cost assignment
- Law and Ethics
Unit 3 - Manage budgets and financial plans
- Access budgets and clarify financial plans
- Evaluating a budget
- Clarify financial plans
- Negotiate changes to financial plans
- Contingency plans
- Communicating budgets and plans to team members
- Responsibility accounting
- Providing support to others
- Systems and training
- Monitor expenditure and control costs
- Reporting the budget and expenditure
- Graphs and charts and extracting information
- Reviews and improvements
- Analysis variances
- Improvements to financial management processes
- Implementing and evaluating improvements
- Basic accounting principles
- Accounting systems
- Debits and credits
- The account equation
- Accrual accounting
- Types of budgets and financial plans
- Legislation and ATO requirements
- List of taxation types
- Financial record keeping
- Records required by ATO
- Auditing and legal requirements
- Managing work teams
Study Hours
Estimated duration 45 hours
Course Delivery and Start
Start anytime, self-paced and 100% online
Assessment
Assessment will be comprised of written exercises, including short-answer questions, reflective tasks, short reports and/or projects. There are no examinations or due dates for assessment. As a result, you can complete training in your own time and at your own pace with the assistance of unlimited tutor support.
Testimonials
Great experience and sufficient knowledge
N. Al-Thaher, North Kellyville, NSW | Certificate of Financial Management
Good course to study, friendly and great tutor support
C. Brant, Bendigo, VIC | Certificate of Financial Management
I was satisfied with the course, I will most likely enrol in another course
A.Phillips-Jones, Halls Head, WA | Certificate of Financial Management
I enjoyed the structure for learning and the patience of the tutors.
T. Angeles, Varsity Lakes, QLD | Certificate of Financial Management
Graduation
A Certificate of Attainment and Statement of Results will be issued upon successful completion of this course.
How to Enrol
Enrol Online: Click Add to Cart/View Cart on the course page.
Enrol via Live Chat (Business Hours)
Enrol via Telephone 1300 76 2221 (Business Hours)
Enrol via Purchase Order/Tax Invoice
Enrolling Multiple Staff?
To enrol multiple staff, please complete the Employer Enrolment Form. We’ll be in touch within 60 minutes during business hours!
Payment Options
Visa, Mastercard, BPAY and Direct Deposit.
Course FAQs
Why Choose Australian Online Courses?
- Professional development that is widely recognised and respected;
- Improve your employment opportunities;
- Study online, anywhere via our elearning system;
- High-quality professional development programs written by industry experts;
- All course materials provided online – no textbooks to buy;
- Unlimited tutor support via email;
- We offer twelve (12) months’ access, with extensions available upon application (fees apply);
- Course may be tax deductible; see your tax advisor.
Are there any entry requirements or pre-requisites?
There are no course or subject pre-requisites for entry into our programs. However, our professional development programs are generally intended for people over the age of 18. In some circumstances, enrolments from younger people may be considered. Please complete the AOC Parent Guardian Consent Form prior to enrolling and submit here.
When can I start this course?
You can start within 60 minutes during business hours when you enrol and pay in full with a credit card!
Credit card: Within 60 mins during business hours.
BPAY: Within 1-2 working days.
Internet Banking: Within 1-2 working days.
Cheque/Money Order: Upon receipt of mailed cheque.
How is this course delivered?
This course is delivered online via our easy-to-navigate Learning Management System (LMS), where you will discover interactive online learning/written content, resources and assessment.
Do I need to attend classes or undertake any work placements?
No. All courses are delivered online via our LMS and there are no work placement requirements in this course.
What support can I expect from Australian Online Courses?
Unlimited tutor support is available throughout your studies via email only during business hours Monday to Friday. Our Administrative team are available Monday to Friday via email, live chat and telephone.
I am an international student. Can I enrol into this course?
Yes! We accept enrolments from individuals both within Australia and internationally; location is no barrier to entry into our programs.
Career Pathways
Future growth
Strong
Unemployment
Low
- Financial Management Consultant
- Financial Management Accountant
- Finance Manager
- Practice Manager
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