This module is geared towards supporting learners in understanding and using financial information and data. This module is important to learners as it support decision making. Learners will be able determine what financial information is needed and assess its validity, identify how a budget can be produced taking into account financial constraints and achievement of targets and identify criteria by which proposals can be judged.
This is an elective module in the Diploma programme. A few of the management theories/models covered in this module includes costing methods and overhead allocations, analysis of financial data, sources of data and information etc. Learners will further be introduced to, and encouraged to discuss, some of the management models, concepts and ideas which could be used to help them set departmental, project, team and their own objectives.