ITEC Diploma in Business Competence – Level 3

Course advisor's notes

This is a 4 day course aimed at those running a business and those planning to start a business.

It will provide you with a basic understanding of what a business is, how it is structured, how it is valued, how it is made profitable, how to measure its success and how to “read” it.

Seminar Content | ITEC Diploma in Business Competence
The 4 day programme comprises:

Day 1 Business Structure and Law
Learn the basic forms of business and the responsibilities of business owners and managers, including contract law, employment law, business banking and business taxation.

Day 2 Understanding Business Finance
Be familiar with the elements of business accounts, including the main items in the Balance Sheet and Profit and Loss Account.

Day 3 Measuring Business Performance
Measure and improve the performance of your business, using standard financial indicators, such as Return on Investment, Return on Sales, Gearing, Liquidity and Cash Flow.

Day 4 Costing and Pricing
Calculate costs and margins, enabling you to set prices to ensure that your business is profitable. Learn about different pricing strategies appropriate for your business.

Following completion of the 4 day course, you can sit a 2-hour exam and gain an ITEC Level 3 qualification.

Only presently being held at Pitman Training Newcastle upon Tyne More information...

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Seminar Content | ITEC Diploma in Business Competence – Level 3

Aims and Objectives

It is not about qualifying people as business managers, technical experts, accountants, bookkeepers or any of the other functions undertaken in business and employment. Holders of the ITEC qualification will be able to do all those jobs in business far more effectively because they understand the context of business and can relate what they do to the needs of the business as a whole.

Target Audience

This course is appropriate for owners and managers of any organisation that need to understand more about business and finance. It is also relevant to anyone advising business managers.

Prerequisites

The qualification does not require a great deal of background knowledge. This is not a “Master of Business Administration (MBA)” qualification of the sort taught in graduate universities and business schools. These go into far greater detail and levels of sophistication. This is a starting point to provide the general background as a secure foundation for understanding and working in businesses.

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