WESTMINSTER BUSINESS SCHOOL POSTGRADUATE COURSES ...

FINANCEFinancialManagementPostgraduateDiplomaDanny LeiwyCourse Leader forPostgraduate Diploma inFinancial ManagementLength of courseNine months, part-time, startingin September; students attend classeson Tuesday and Thursday eveningsLocationCentral London (Marylebone)Course feesSee westminster.ac.uk/feesThe Diploma in Financial Management isan internationally recognised postgraduatediploma designed to make non-financialmanagers financially literate. It is not designedto turn managers into accountants, but toenable them to become fluent in the language,terminology and concepts of accounting andfinance and to equip them in extracting,analysing, interpreting and using financialdata in decision making.The Diploma is accredited by a numberof professional bodies as a programme ofContinuing Professional Development, andmay be used as an entry qualification to themba and similar courses. It is accredited bythe Open University Validation Service asequivalent to one third of a Masters degree.Course contentThe syllabus, examinations and assessedprojects are set by the Association ofChartered Certified Accountants (ACCA)and are organised in two modules, eachcomprising two subject areas.Module A1. Interpretation offinancial statementsUnderstanding and interpretationof financial reports:• Specialised terminology usedin financial statements• Financial reporting framework• Basic accounting conventions• An organisation’s performance,position and liquidity• Limitations of financial statements.2. Performance ManagementMeasuring and managing businessperformance:• Calculation and use of costsfor better pricing• Distinguishing between relevant andirrelevant information for decision making• Break-even analysis• Participation and evaluationof the budgeting process• Transfer pricing and divisionalperformance analysis• Forward-looking approachto management information.Module B3. Financial StrategyManaging and funding of long-termstrategic decisions:• Investment appraisal• Raising finance• The management of working capital• Mergers and acquisitions• Share valuation.4. Risk ManagementThe main areas, theories andframeworks with risk management:• General risk management theories:policy, identification, reporting• Corporate governance:frameworks and codes, implementation,internal control, role of executives• Financial risk management:debt vs equity, derivatives,dividend policy, hedging.Associated careersPast students have included bankers,brokers, engineers, head teachers, ITspecialists, local authority managers,lawyers, NHS administrators, policeofficers, scientists, senior Ministry ofDefence personnel, and surveyors.Entry requirementsThe minimum entry requirement is arecognised degree, Higher NationalCertificate/Diploma or a non-accountingprofessional qualification. You maybe admitted on the basis of your workexperience if you do not hold thesequalifications. Your suitability will needto be discussed with the ACCA, andyou should register with them as aDiploma in Financial Managementstudent at accaglobal.comRelated courses• Finance and Accounting MSc• Information Managementand Finance MSc• International Finance MSc• Investment and Risk Finance MSc• ACCA Professional CourseFINANCE46 westminster.ac.uk/wbswestminster.ac.uk/wbs47