"The Financial Planning & Budget Management course provides an opportunity to demystify the world of accounting and financial statements. Real world examples help students walk away with a solid foundation in financial planning & budget management"
This course meets Licensing & Consumer Services' qualification training requirements and all of the learning outcomes for this subject area.
This is an online course that involves 12.2 hours of online learning (not including study time) and no classroom time.
To run a business successfully, you need to understand the nature and dynamics of profit and value. Building practical understandings of financial ratios and cost control; strengthen your grasp of cash flow, balance sheets and income statements and what they reveal about the financial health of your organization; and learn how to use financial reports as valuable management tools.
Knowledge & Skill Building Areas
- Integration with Business Plan
- Financial Projections
- Pro-forma Statement of Operations
- Pricing Models
- Break-even Analysis
- Overhead Costs
- Pro-forma Statement of Financial Position
- Pro-forma Cash Flow Statement
- Financial Management Practices
- Accounting Concepts, Principles and Practices
- Financial Statements
- Financial Performance Measures
- Working with Lenders
- Credit Arrangements
- Loan and Collateral Security Requirement & Arrangements
- Cost Control
- Purchase Order System
- Controls for Extras and Changes
Training category (Group B): This course is available for either qualification (core competency) training or informal continuing professional development (CPD).
- Qualification training: Includes completion of a 3rd party proctored exam
- Informal CPD: Participants only complete the course and do not take the exam
- Formal CPD: This course is not available for formal CPD credits
Course availability: Online learning allows you to work at your own pace from the comfort of your own computer any time of the day or night.
Timeframes: You will be allotted 6 months from the date of course registration to complete the online education. Extensions can be purchased if additional time is required.
Prerequisite: There are no prerequisites for this course. You can register for this course anytime at your convenience.
Tuition: $449 + tax for a limited time
The tuition includes the online education and an electronic copy of the course manual.
Proof of course completion: Upon completion of the online course, participants will be able to log into our learning management system to view and print a certificate of completion for informal CPD. An additional qualification (core competency) training certificate will be provided to those individuals who successfully complete the final exam. The exam results will be available and kept electronically in your student profile.
Qualification Exam (Core Competency) Training Exam: The 3rd party proctored exam for this course (applicable for individuals completing qualification training is closed book in a multiple choice, multiple answer and true/false format. There is no exam for participants taking the course for informal CPD training.
Proctor testing centers: Licensing & Consumer Services requires 3rd party proctoring for online exams that qualify as qualification training. When you are close to completing the online course, you will need to make arrangements with a proctor testing location to proctor your online exam for you. Please click here to see the list of the current approved BC proctoring locations. BC Builder Training will provide you with further proctoring information upon course completion.
Passing grade: The passing grade is 70%.