ITEC Diploma in Business Competence – Level 3

All our seminars are available on different dates and at a variety of locations.

Overview

This four-day seminar is appropriate for owners and managers of any organisation that need to understand more about business and finance. It will provide you with a basic understanding of what a business is, how it is structured, how it is valued, how it is made profitable, how to measure its success and how to 'read' it. This is a starting point to provide the general background as a secure foundation for understanding and working in businesses. This seminar is also relevant to anyone advising business managers and those planning to start a business.

Following completion of the course, you will be eligible to take and gain an ITEC Level 3 qualification.

Learn the basic forms of business and the responsibilities of business owners and managers, including contract law, employment law, business banking and business taxation.

Be familiar with the elements of business accounts, including the main items in the balance sheet and profit and loss account.

Measure and improve the performance of your business, using standard financial indicators, such as return on investment, return on sales, gearing, liquidity and cash flow.

Calculate costs and margins, enabling you to set prices to ensure that your business is profitable. Learn about different pricing strategies appropriate for your business.