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Accessibility & LanguageFinance for non-financial managers
Module Code: SC3309
Micro-credential Overview
This Micro-credential aims to equip participants with the necessary knowledge to be able to:
1. Understand and interpret financial performance.
2. Understand the financial implications of decisions.
3. Be acutely aware of the importance of cost control and develop practices to aid cost control.
On successful completion of this Micro-credential participants will have more confidence in engaging with the financial aspects of their jobs and will be able to:
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Develop an understanding of the importance of financial accounting and the ability to prepare/interpret business accounts.
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Develop an understanding of the basic principles/concepts of costing and an appreciation of good cost control practices and consequent implications for the financial performance of a business.
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Understand the need for forecasting/budgeting and the tools required to prepare budgets.
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Understand the financial implications of decision-making in an organisation and the ability to input into same.
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Have an appreciation of the various sources of finance available to an organisation and their respective advantages/disadvantages.
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Have an understanding of techniques available to assist in evaluating potential capital investments.
Start Date
Academic Year 2024/25 - Semester 1
Mode of Study and Assessment
The mode of study for this Micro-credential is Online Learning. Assessment will be carried out on a continuous basis.
In terms of a time frame for student commitment, it would be a minimum of two hours per week to view the recordings, but it would be recommended that in addition to viewing the recordings students would do one to two hours of their own self-study per week. Therefore, in total, a student would be looking at between 3-4 hours per week but possibly more in the weeks when there are assessments scheduled.
There will be three components of the assessment for the programme, each of which will require online attendance on the date of the assessment. Therefore, students will be required to be available on these dates.
NFQ Level and ECTS
Level 8
5 ECTS
Application Process
From the 1st April 2024 you can apply for any University of Galway Micro-credential through our Online Application Portal.
When completing your application please make sure to select the following categories:
Academic level: Micro-credentials and CPD
College/Interest type: Micro-credentials/CPD Undergrad Level 7 and 8
Academic programme: Business & Management Micro-credentials - CPB13
You will need to manually enter the Module Name and Code under ‘Module Name’ on the second page of your application. Please copy the name and code below:
Finance for non-financial managers - SC3309
You can find more details on our application process here.
Course Fees
€500*
*Fee Subsidy
Candidates who meet the eligibility criteria may qualify for a 50% HEA fee subsidy, subject to the availability of subsidised places. For eligibility details, please refer to the Eligibility Criteria on the Micro-credentials webpage.
This course has also been approved by Galway Executive Skillnet for a fees subsidy of up to 30% for students whose company is a member of their network. For more information, contact: Galway Executive Skillnet – Eamonn Molloy at: info@galwayexecutiveskillnet.com
NB: Applicants can only apply one subsidy towards their application.
Entry Requirements
- Applicants must be over 21 years of age.
Contact Information
If you have any queries please email: microcreds@universityofgalway.ie
MicroCred Podcast
Emer Hennessy | Cancer Centre Manager | University of Galway
As a research manager I deal with large programme budgets and regularly interact with financial accountants. I had been looking for a short course to expand my knowledge of financial management. This micro-credential was perfect to get fundamental understanding of financial & management accounts and business investment – even just to learn accountancy terminology! I would recommend this course to anyone who deals with financial planning & reporting but is outside the finance or business career pathway. The workload was manageable. The course was delivered online via Canvas; the lectures, notes and assignments were well presented and pitched at the right level.in Connect with Emer
