NEE005

Financial Planning and Management

DE&GS
27 pages
5 units

This course provides a comprehensive overview of financial planning and management principles. It covers essential topics such as financial statements analysis, budgeting, forecasting, and cash flow management. Students will learn to assess investment opportunities, manage risks, and make informed financial decisions. The course emphasizes the importance of financial health, strategic decision-making, and long-term sustainability for businesses.

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About this course

Difficulty: Intermediate
Study hours: 65 hours
Maths: Intermediate
Content: Theoretical, case study
Practical work: Yes

How it is assessed

Assignments
Final examination

What you'll read

The real module and unit structure of NEE005, taken from the course material NOUN publishes.

Module 1

One paragraph, so you can see how it reads

NEE005 · Unit 1 Introduction to the Fundamental Concepts of Financial Planning and Management

Financial planning and management is about the appropriate use of an organisation’s financial resources, such as making investment decisions and employing cash management strategies to maximise profits and cut risk.

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What you should be able to do

Discuss financial planning and management
Explain an income statement
Create and use sustainable budgets
Explain the concept of cash flow
Assess investment opportunities

What it prepares you for

Careers

Financial Analyst
Accountant
Financial Manager
Investment Advisor

Where it is applied

Banking
Finance
Consulting
Entrepreneurship

Where it gets hard

The units students slow down on, and what makes each one heavy.

Module 1: Introduction to the Fundamental Concepts of Financial Planning and Management
Unit 2: Financial Statements and Analysis
Requires understanding of complex financial ratios and their implications for a company's financial health.
Module 1: Introduction to the Fundamental Concepts of Financial Planning and Management
Unit 3: Budgeting and Forecasting
Involves creating detailed revenue and expense budgets, which requires accurate data collection and forecasting skills.

A suggested way through it

Suggested

13 weeks, about 67 hours in total. Yours will differ.

Week 1Module 1: Introduction to the Fundamental Concepts of Financial Planning and Management
- Unit 1: Introduction to the Fundamental Concepts of Financial Planning and Management · 4 hours
  Understand the definition of financial planning and management. Identify the components of financial planning and management. Discuss the significance of financial planning for businesses.
Week 2Module 1: Introduction to the Fundamental Concepts of Financial Planning and Management
- Unit 2: Financial Statements and Analysis · 3 hours
  Explain the purpose and components of an income statement. Describe how an income statement reflects a company's profitability. Practice analyzing sample income statements.
Week 3Module 1: Introduction to the Fundamental Concepts of Financial Planning and Management
- Unit 3: Budgeting and Forecasting · 4 hours
  Understand the importance of budgeting and forecasting. Learn how to create budgets to plan for revenue and expenses. Practice creating a simple budget for a business scenario.
Week 4Module 1: Introduction to the Fundamental Concepts of Financial Planning and Management
- Unit 4: Cash Flow Management · 4 hours
  Define cash flow and its importance in business. Identify the techniques for monitoring and optimizing cash flow. Apply cash flow management techniques to a case study.
Week 5Module 1: Introduction to the Fundamental Concepts of Financial Planning and Management
- Unit 5: Risk Management and Return on Investment · 4 hours
  Discuss the concepts of risk and return in financial decision-making. Learn how to assess investment opportunities. Analyze risk factors associated with investments.
Week 6Module 1: Introduction to the Fundamental Concepts of Financial Planning and Management
- Review of Module 1 · 6 hours
  Review key concepts from Units 1-5. Work on assignment 1. Prepare for mid-semester assessment.
Week 7Module 1: Introduction to the Fundamental Concepts of Financial Planning and Management
- Review of Module 1 · 6 hours
  Review key concepts from Units 1-5. Work on assignment 1. Prepare for mid-semester assessment.
Week 8Module 1: Introduction to the Fundamental Concepts of Financial Planning and Management
- Review of Module 1 · 6 hours
  Review key concepts from Units 1-5. Work on assignment 1. Prepare for mid-semester assessment.
Week 9Module 1: Introduction to the Fundamental Concepts of Financial Planning and Management
- Review of Module 1 · 6 hours
  Review key concepts from Units 1-5. Work on assignment 1. Prepare for mid-semester assessment.
Week 10Module 1: Introduction to the Fundamental Concepts of Financial Planning and Management
- Review of Module 1 · 6 hours
  Review key concepts from Units 1-5. Work on assignment 1. Prepare for mid-semester assessment.
Week 11Module 1: Introduction to the Fundamental Concepts of Financial Planning and Management
- Review of Module 1 · 6 hours
  Review key concepts from Units 1-5. Work on assignment 1. Prepare for mid-semester assessment.
Week 12Module 1: Introduction to the Fundamental Concepts of Financial Planning and Management
- Review of Module 1 · 6 hours
  Review key concepts from Units 1-5. Work on assignment 1. Prepare for mid-semester assessment.
Week 13Module 1: Introduction to the Fundamental Concepts of Financial Planning and Management
- Review of Module 1 · 6 hours
  Review key concepts from Units 1-5. Work on assignment 1. Prepare for mid-semester assessment.

Preparing for the exam

What to do

Review all unit learning outcomes and ensure you can meet them
Practice financial ratio calculations from Unit 2 until proficient
Create concept maps linking Units 3-5 budgeting, cash flow, and risk concepts
Work through all self-assessment exercises and understand the solutions
Allocate study time proportionally based on unit complexity and weightage

Questions students ask about this course

What is NEE005 about?

How many units does NEE005 have?

NEE005, Financial Planning and Management, has 5 units across 1 module, over 27 pages of course material. You can read it one unit at a time.

Is NEE005 hard?

NEE005 is rated intermediate level, with intermediate mathematical content. It is mostly theoretical and case study work, and it has a practical component.

How long does NEE005 take to study?

About 65 hours of study, spread across its 5 units.

How is NEE005 assessed?

NEE005 is assessed by assignments and final examination.

What can I do with NEE005?

Financial Analyst, Accountant, Financial Manager and Investment Advisor.