ICAN January Lectures for May Diet (A1- Business, Management and Finance (BMF, Foundation))
About This Course
This module serves as the cornerstone for aspiring Chartered Accountants pursuing the ICAN Foundation program. The A1 – Business, Management, and Finance (BMF) course equips students with essential knowledge and skills in key areas of business operations, management practices, and financial principles.
The course covers:
- Business Fundamentals: Introduction to business organizations, their structures, purposes, and the external environments in which they operate.
- Management Principles: Understanding the roles, responsibilities, and strategies of managers in achieving organizational goals.
- Financial Foundations: Basic concepts of accounting, financial management, and the role of finance in supporting business decisions.
Learning Objectives
Understand Business Organizations:
Identify different types of business organizations and their purposes.
Analyze the impact of the external business environment on organizational operations and decision-making.
Apply Core Management Principles:
Explain the roles and responsibilities of managers in planning, organizing, leading, and controlling organizational resources.
Evaluate effective management practices to achieve strategic goals.
Develop Financial Awareness:
Grasp foundational concepts of financial management, including budgeting, cost control, and financial reporting.
Assess the role of finance in supporting decision-making processes within an organization.
Enhance Problem-Solving and Decision-Making Skills:
Apply analytical techniques to solve basic business and financial problems.
Make informed decisions by interpreting financial and management data.
Integrate Business Ethics and Corporate Governance:
Understand the importance of ethical behavior in business and management.
Evaluate the role of corporate governance in fostering accountability and sustainability in organizations.
Requirements
- Minimum of five (5) O'Level credits, including Mathematics and English Language.
- Basic understanding of numeracy and analytical skills.
- Access to study materials and resources for ICAN Foundation Level.
- Commitment to regular study and active participation in lectures.
- Familiarity with basic business and management concepts (optional but beneficial).
Target Audience
- Individuals pursuing the ICAN Foundation Level qualification, aiming to establish a solid base in accounting, business, and finance principles.
- Those with limited or no prior background in accounting or finance who seek foundational knowledge to advance in the ICAN program or related professional paths.
- Early-career individuals in business, finance, or management roles who wish to strengthen their understanding of core concepts to enhance job performance and career prospects.
- Professionals from non-accounting fields seeking to transition into accounting, business management, or finance disciplines.
- Small business owners and aspiring entrepreneurs who want to build a fundamental understanding of business operations and financial management to drive their ventures effectively.
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