Certificate in Finance and Accounting - Online Course

Overview

Purpose:

To introduce candidates to the main principles and processes in finance and accounting.

Scope:

The CIFA course provides students with the knowledge and skills about costing and financial processes for non-financial professionals, to help them better understand the impact of their function’s performance on the costs and overall finances of the organisation.

Benefits

Upon completion of the CIFA training, students will be able to:

• Understand the definitions and purpose of financial statements
• Identify financial ratios
• Understand the calculation related to financial ratios
• Understand the double-entry book-keeping method
• Understand the definition and purpose of capital budgeting
• Understand the main inventory valuation methods
• Understand product costing methods
• Understand the definition and purpose of cost of goods manufactured (COGM)
• Understand the definition and purpose of cost of goods sold (COGS)
• Identify the elements of breakeven analysis and the associated calculations
• Understand the principles of activity based costing (ABC costing)
• Identify the steps in throughput accounting
• Understand the principles of amortisation and depreciation including the associated calculations

Features

Below are some of the main features of this course:

• Online delivery
• Flexible schedule
• Affordable cost
• Relevant content

Target Audience

The CIFA training is intended for people who:

• Wish to acquire a functional knowledge of finance and accounting
• Wish to learn the main principles and terminology in order to better understand and support the overall cost and finance objectives of their organisation

Course Content

The CIFA course has been developed following the ADDIE methodology of curriculum development. BRASI’s Programme Advisory Group (BRASI PAG) is responsible for the development, assessment, and continuous improvement of BRASI’s training programmes, following the guidelines contained in the standard ASTM E-2659.

The CIFA course provides fundamental knowledge in the key areas of finance and accounting, including the following:

• Financial statements
• Financial ratios
• Double-entry book-keeping method/debit and credit entries
• Capital budgeting
• Inventory valuation methods
• Product costing
• Cost of goods manufactured (COGM)
• Cost of goods sold (COGS)
• Breakeven analysis
• ABC costing
• Throughput accounting
• Amortisation
• Depreciation and more

Schedule

CIFA is a self-paced online training course and can be started at any time.

Delivery Mode

Students would gain 24/7 online access to self-paced learning modules and tests through the BRASI Learning Management System.

Learning Resources:

• Online interactive training modules
• Downloadable content
• Print-ready handbooks
• Examples, exercise files and a quiz for each module

Note: Live Q&A sessions are held to answer any specific questions and explain key concepts as needed. Participation in the Q&A sessions is optional and is not taken into account for the passing score.

Additional Info

Assessment

Students would be required to take a final assessment after completing the course review.

Certification

In order to receive the certificate for this course students must obtain a minimum score of 70% in the final assessment. Certificates for all of the BRASI courses are issued centrally by BRASI and are downloadable.

Each BRASI certificate carries a unique ID for verification, and is valid for life.

Note: A CIFA certificate holder has a basic understanding of the various processes and calculations used in finance and accounting. They can apply the knowledge in combination with various areas of specialisation such as supply chain management, manufacturing, project management and others.

Registration

Step 1: Students are required to create a free user account on the BRASI web site (no payment information is needed to create the account).

Step 2: Select the course(s) you would like to sign up for from the courses page (you can get more details about each course from this page)

Step 3: Proceed to checkout and be sure to enter the CTS College discount code BRASI-CTS to get 10% off (acceptable modes of payment include major credit cards and PayPal)

Note: The course is designed to be completed within three months. However, extensions are allowed upon request.

Fees & Payment

The course fee is posted on the BRASI website and is subject to change without notice. Cancellation is allowed within three days from the date of access to the course. Full refund is made within one week of cancellation.

Registration for BRASI courses can be done directly on the BRASI website. Training is conducted utilising BRASI online learning management system, and the certificate is issued by BRASI.

Coupon Code

Use this code to get 10% off: BRASI-CTS

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Student Support

Please contact Brasi if you require any further information or support.