Financial (Money) Management


Financial (Money) Management

Financial (Money) Management BBS104
 
Course Code BBS104
Qualification Statement of Attainment
Payment Options Upfront & Payment Plans
Delivery Online & Correspondence
Duration 100 Hours

 
Course Information

This is a course about how to accumulate, borrow, spend, invest and save money. Some people have an intuitive ability with money, where everything they touch turns to gold, others need to take a much more conscious approach to handling money if they are to maximize their assets. It aims to improve your ability to make the right decisions about managing finances.

Throughout the course the student will develop their ability to make better decisions with respect to the following sorts of problems, such as:

  • How to better invest money.
  • How to capitalize on your home
  • How to buy more economically to cut food bills.
  • How to minimize taxation.
  • How to bulk buy to minimize costs.
  • Deciding how much to keep in reserve for a "rainy day".
  • How often to restructure your personal budget.

These and more problems are dealt with throughout this comprehensive guide to money management.

There are 10 lessons in this course:

  1. Understanding Financial Terminology
    • Financial management Goals
    • Financial terminology/language
    • Financial statements
  2. Planning and Managing your Cash
    • Budgeting
    • Cash flows
    • Profit and Loss
    • Balance sheet
    • Financial records
    • Problem solving
  3. Borrowing : for goods and against property, assets, etc.
    • Why borrow?
    • Types of loans and Sources of funds
    • Getting a mortgages to suit you
    • Credit card control
    • Debt Management
  4. Buying
    • What to look for
    • Hidden traps
    • Consumer protection
    • Deciding when not to buy on credit
    • Forms of credit.
  5. The Money Market
    • Introduction
    • Sterling Money Market Operations
    • Reserve Averaging Scheme
    • Standing Facilities
    • OMOs
    • Money
    • Investment
  6. Investing
    • What is an investment?
    • Investment Types: Housing, land, stocks, bonds, trust funds, antiques business investments, insurance (annuities) and more.
    • Buying shares
    • Spreading your investment
    • Investment appraisals
    • A lifetime guide to money matters: Managing your cash, debt, insurance, housing, strategic planning
    • Making your own money
    • Using your money
    • Keeping your money
    • Counting your money
    • Enjoying your money
    • Investing in shares
    • Buying or starting a business
  7. Risk and Superannuation -Lump sum, roll over etc.
    • Handling lump sums
    • Investment options
    • Superannuation for:
    • Employees
    • Employers
  8. Reducing Costs -Cutting down on expenditure. Getting better credit card rates.
    • Methods of cost saving
    • Alternative Living
    • Reducing the cost of credit
    • Use your property
    • Organizing your finances
  9. Banks -How they can help you.
    • E-commerce
    • Bank clearing house
    • Choosing a bank
    • Types of banks
    • Bank fees
    • Getting the most from your bank including reduced credit card rates.
  10. Communication
    • Introduction
    • Understanding Financial Terminology
    • How to deal with financial advisors
    • Understanding Communication
    • Interpersonal Communication skills

Each lesson culminates in an assignment which is submitted to the school, marked by the school's tutors and returned to you with any relevant suggestions, comments, and if necessary, extra reading.

Request your free info pack today!

 

Finance options

If you are an Australian citizen you may be eligible to receive financial support, meaning you can defer payment of your course fees. Additionally, if you are an Australian resident you may also be eligible to receive Abstudy/Austudy or Youth Allowance.

Student support

We live in a society where the pressures of daily living are high with financial expenses, personal and work commitments, and mortgage and rental obligations. Then there are the unexpected life challenges that also get thrown our way. With this in mind the thought of taking on study can be daunting for most people. Here at Learning Cloud we understand that life doesn’t run in a straight line it has many ups and downs.

As an enrolled student at Learning Cloud, you are entitled to access a variety of non-academic support services from the Student Services Unit. These supports are designed to walk beside you throughout your studies they will assist you in life’s ups and downs to provide you the best opportunity to successfully complete your chosen course.

STUDENT SERVICES PROGRAMS INCLUDE:

  • Careers Counselling Service
  • General Counselling Service
  • Disability Liaison Service
  • Retention & Engagement Service
  • Student Activities
  • Accommodation
  • Disabled Australian Apprentice Wage Subsidy (DAAWS)
  • E Counselling
  • Your-Tutor
  • Parent support
  • Reasonable Adjustment Plan (RAP)

Call our student support today on 1300 650 569 or Email Faculty

Get more information

Want more information about financial and student support? Fill out the enquiry form to the right and a study consultant will contact you with the details you need.

How will this course advance my career?

Learning Cloud programs have been developed in response to industry demand and are specifically designed to equip graduates with work-ready skills. Each participant will be trained and assessed in theory and in practical tasks and Real-world exercises are used throughout the program.

Studies prove, time and again, that college-educated workers earn more than those with only a high school qualification. College graduates often enjoy additional benefits, including greater job opportunities and promotions. Though the proof for greater earning potential exists, some might wonder whether the cost of the education warrants the overall expense in the long run.

College Graduate vs. Non-Graduate Earnings

The National Centre for Education Statistics (NCES) analyses employee earnings data biennially, according to education level. Findings indicate that workers with a qualification earn significantly more than those without. Since the mid-1980s, education has played a large part in potential wages, with bachelor's degree holders taking home an average of 66% more than those with only a high school diploma do. While college-educated workers' wages have increased over the past two decades, those with only a high school education have seen decreases in annual salaries in the same time period (nces.ed.gov).

How else will I benefit from studying with Learning Cloud?

  • Studying online or distance means you can study where you want and at your own pace.
  • Receive career-focused training with practical, hands-on learning.
  • All course materials are provided and all digital platforms are interactive, work on any device and designed to be fun.
  • Recognition of Prior Learning or Skills Recognition may be available for previous work experience, formal training or qualifications in this field.

THANK YOU