The Finance and Risk Management Diploma, developed in collaboration with the Scottish Qualifications Authority (SQA), UK, furnishes learners with a holistic grasp of financial management, control, and risk analysis. Learners will acquire proficiency in vital areas such as management reporting, financial analysis, budgeting, and forecasting, enriching their capacity to play a crucial role in informed decision-making.
The program underscores strategic functions in finance and accounting, concentrating on aspects that significantly influence organizational performance. Integrating financial and management accounting knowledge, learners align practices with broader business objectives. Notably, the program places a strong emphasis on risk management, encompassing assessment, mitigation, governance, and financial portfolio valuation. Equipped with the skills to make well-informed financial decisions and manage risks adeptly, learners are poised to contribute strategically to organizational success. This program is tailored for individuals aspiring to establish a comprehensive foundation in finance and risk management, suitable for a variety of roles in the ever-evolving business landscape. The Diploma spans three months, divided into two modules, both essential for completing the qualification.
Key Learnings:
Gain a thorough understanding of financial management, including the intricacies of management control, financial analysis, budgeting, and forecasting. | Develop expertise in areas where finance and accounting departments have a significant impact, including cash flow management, bottom-line control, capital allocation, and the design of effective growth and exit strategies. |
Understand how to blend integration of financial and management accounting knowledge within performance standards and operational procedures, ensuring alignment with broader business objectives. | Â Critically discuss governance, financial risk management strategies, and the valuation of financial portfolios. |
Acquire a holistic approach to financial strategies, covering key aspects such as capital allocation, cash flow control, budget design, business model development, and forecasting. | Be equipped to manage risks effectively and contribute strategically to organizational success. |
The module is designed to equip learners with the essential skills and knowledge required for effective financial management and strategic decision-making in contemporary business environments. Participants will delve into key areas such as management control, financial analysis, budgeting, and forecasting, gaining a comprehensive understanding of the activities where finance and accounting departments play a pivotal role.
Learning Outcomes:
This module is designed to provide learners with an in-depth understanding of the principles, methodologies, and critical aspects involved in managing financial risks within the dynamic landscape of modern businesses. Participants will engage in critical discussions and analyses, exploring the building blocks of risk management, assessing how firms handle financial risk, discussing the governance of risk management, and critically analyzing models for valuing financial portfolios.
Learning Outcomes:
Scottish Qualifications Authority (SQA)
3 Months
40
2
11
Analyse financial data, trends, and risks to guide strategic decision-making.
Identify, assess, and manage financial risks to safeguard organizational stability.Â
Oversee financial operations, budgets, and reporting for effective organizational control.Â
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Evaluate investment opportunities, providing insights for profitable portfolio.
Develop and manage budgets, ensuring financial efficiency and resource allocation.Â
Manage cash flow, investments, and financial risks to optimize organizational liquidity.Â
The Scottish Qualifications Authority – SQA, sponsored by the Scottish Government’s Learning Directorate, has two primary roles: accreditation and qualifications. It accredits credentials other than degrees and approves and guarantees quality to notify bodies that intend to admit individuals for such qualifications. The awarding body, on the other hand, refers to the development and implementation, validation, evaluation, qualifications, and ensuring that they are up to date and that certificates are issued to candidates. Under these functions, the SQA provides a variety of services for companies and training providers, from training courses and central approvals to personalized awards, credit scores, and licensing services.
Why SQA?
– SQA Qualifications are recognised worldwide.
– Qualifications provide clear educational and employment progression pathways and are supported by the industry.
– Provides vocational skills specific to occupations or sectors.
– Each SQA qualification is benchmarked against qualifications on the Scottish Credit and Qualifications Framework (SCQF)
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Through hands-on exercises and real-world scenarios, students develop practical skills in key areas such as management reporting, financial analysis, budgeting, and forecasting. The emphasis is on application rather than theoretical knowledge.
Specialized modules on risk management cover various aspects, including assessment, mitigation, governance, and financial portfolio valuation. This focused training prepares individuals to navigate and manage risks effectively.
The curriculum is meticulously crafted to align with the current and future needs of the finance and risk management industry. It reflects the latest trends, technologies, and best practices in the field.
The blended learning format combines the flexibility of online sessions with the practicality of on-site workshops. This approach caters to diverse learning styles and ensures a well-rounded educational experience.
The faculty at Westford works arduously towards creating an environment that translates into an excellent learning experience. Our educators, much like our students, belong to various ethnicities, amplifying the concept of a multi-cultural setting that Westford strives to offer to its pupils. The professors also serve as mentors, who guide students beyond the scope of their expertise, to assure that students continue to progress as they advance into their educational journeys.
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