Planning and Decision making for Entrepreneurs

This module focuses on the skills and knowledge required for financial planning and commercial decision -making. While it is of particular relevance to entrepreneurs in running their own business, it is also relevant for anyone involved in managing a business.

It is designed to build on the fundamental accounting module at level 6 and financial management module at level 7.

The module focuses on specific areas essential for the development of a business idea through to successful fruition. It is intended  to develop the students financial planning and commercial decision-making skillset over a number of core areas. 

1. Develop a fully integrated suite of budgets (Functional budgets, Cash budget, Budgeted Statement of Profit and Loss and  Budgeted Statement of Financial position) for inclusion in a Business Plan.

2. Apply the principles of relevant costing to commercial decision-making scenarios

3. Apply a knowledge and understanding of product/service costing and product/service pricing concepts

4. Demonstrate a knowledge and understanding of the implications of the capital structure (debt versus equity) of a business

5. Demonstrate a  knowledge and understanding of the specific tax incentives and reliefs available to entrepreneurs