The FMFB Course

What does the course contain?

The Financial Management for Business course was developed by Metapraxis Ltd in partnership with The Chartered Institute of Management Accountants. The course is split into 2 parts, each containing 9 interactive Business Simulation models. These are explained in the book or by your course tutor and they are followed by an online self-test. We recommend spending a minimum of an hour on each model and test, and 2 hours for each of the two 45 minute assessments, so the whole course takes from 20 to 30 hours to complete. To receive the CIMA Business Simulation Certificate, participants take a multiple choice online Assessment for Part 1 and Part 2 (45 minutes each). The pass mark is 50% and scores are available immediately on completion of the Assessment.

Part 1 – The basic rules of accounting:

  • Model 101 – Sales and receipts
  • Model 102 – A closed system
  • Model 103 – A simple set of accounts
  • Model 104 – Introducing costs
  • Model 105 – Profit, assets and cash
  • Model 106 – Introducing stock
  • Model 107 – Fixed assets
  • Model 108 – A retailer’s accounting framework
  • Model 109 – The critical financial flows
  • Online Tests for models 101-109
  • Online Assessment for Part 1 (includes 2 attempts)

Part 2 – Improving commercial judgement:

  • Model 201 – Price, volume and sales
  • Model 202 – Price sensitivity
  • Model 203 – Introducing product quality
  • Model 204 – Brand identity
  • Model 205 – Markets and financial framework
  • Model 206 – Bankruptcy
  • Model 207 – External events
  • Model 208 – Competitive Challenge
  • Model 209 – Profit versus cash flow
  • Online Tests for models 201 - 209
  • Online Assessment for Part 2 (includes 2 attempts)

The course includes the CIMA Business Simulation Certificate, awarded to candidates passing the Part 1 and Part 2 Assessments.

Who should take the course?

The course provides an entirely new way of understanding the foundations of business financial management, and so individuals from all stages of their careers are benefiting from this new learning technique.

  • ACA, ACCA or CIMA accountants as a foundation framework for their course
  • University students preparing for a career in business
  • Undergraduates studying for financial, business or economics degrees
  • Corporate graduate trainees
  • Individuals taking an MBA or part of a management development programme
  • Senior managers looking to refresh their commercial focus and financial skills
  • Entrepreneurs running their own company or planning to launch a new business

How can you take the course?

There are several options for taking the Financial Management for Business course, depending on how you prefer to study and whether you are part of an organisation that has already enrolled in the course. To find the right option for you choose from the following:

Where can you take the course?

The course can be taken anywhere in the world online, click here to find out how. For face to face teaching we have partnered with UK based higher learning organisations to deliver this to the UK and European markets. We are in the process of establishing delivery capability for the US and Asia Pacific markets. If you are an established course provider interested in learning more about this opportunity please contact us.

How much does the course cost?

For information on pricing please click here.

 

Delivery Partners

KaplanPearsonBPP

References

“The need for an intuitive understanding of business and business jargon is greater today than ever. Financial Management for Business is an ideal way for companies to go back to basics and test their understanding in a safe environment – enabling them to act on their strengths and address their weaknesses.” Charles Tilley, Chief Executive, CIMA (Chartered Institute of Management Accountants)
“This is an excellent way to understand how business really works.” Richard Barker, Senior Lecturer in Accounting, Judge Business School, Cambridge University
“I really liked Financial Management for Business. It is a completely new way to understand business via the ‘driver-seat’ perspective. The online models were fun to use and not too complicated.” Walter Braeger, Head of the Investment Bank Faculty, UBS Business University
“I think the foundations of Financial Management for Business are very sound, and will be tremendously useful. I was very impressed with the online Business Simulator – it feels like a powerful learning tool.” Richard Pennycook, Chief Financial Officer, Morrisons plc
“Financial Management for Business is an ideal training tool to ensure that managers understand the drivers of cash flow and value in a business. It highlights the link between actual cash flows and reported profitability, ensuring that managers understand that the former is fact and the latter often driven by opinion.” Kenneth Lever, Chief Financial Officer, Numonyx