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Manage Financial Resource

This learning module provides instruction on managing financial resources. It describes a 100-hour course for a Marketing & Sales Management Level-IV TVET programme. The module teaches students how to control costs and budgets, maintain store accounting systems, and prepare and negotiate budgets. Upon completing the module, students will be able to control costs and budgets, propose expenditures, maintain store accounting systems, prepare store sales budgets, and negotiate budgets.

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fiseha bekele
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184 views2 pages

Manage Financial Resource

This learning module provides instruction on managing financial resources. It describes a 100-hour course for a Marketing & Sales Management Level-IV TVET programme. The module teaches students how to control costs and budgets, maintain store accounting systems, and prepare and negotiate budgets. Upon completing the module, students will be able to control costs and budgets, propose expenditures, maintain store accounting systems, prepare store sales budgets, and negotiate budgets.

Uploaded by

fiseha bekele
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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LEARNING MODULE 09

TVET-PROGRAMME TITLE: Marketing & Sales Management Level – IV

MODULE TITLE : Managing Financial Resources

MODULE CODE : LSA MSM4 M09 0322

NOMINAL DURATION : 100 Hours

MODULE DESCRIPTION : This module describes the performance outcomes, skills and knowledge required to
develop and implement financial control systems. It involves controlling cost and budget, maintaining store
accounting systems and developing and negotiating budget allocations relating to marketing activities.

LEARNING OUTCOMES

At the end of the module the trainee will be able to:

LO1. Control costs

LO2. Control budget

LO3. Propose expenditure

LO4. Maintain store accounting systems.

LO5. Prepare store sales budgets.

LO6. Negotiate budgets.

Module Contents:

LO1. Controlling costs

1.1 Implementing cost reduction measures


1.2 Assessing and interpreting information
1.3 Encouraging team members actively
1.4 Communicating recommendations
LO2. Controlling budget

2.1 Monitoring and maintaining expenditure


2.2 Comparing actual income and expenditure
2.3 Monitoring gross profit , loss and net profit figures
2.4 Analyzing stock turnover figures
2.5 Informing relevant personnel
2.6 Taking prompt corrective actions
2.7 Negotiating necessary changes or allocations
2.8 Authorizing modifications to existing budgets
LO3. Proposing expenditure

3.1 Supporting estimates of costs and benefits


3.2 Indicating recommendations
3.3 Comparing estimates to actual costs and benefits
LO4. Maintaining store accounting systems.

4.1 Managing store policy and procedures


4.2 Maintaining store systems
LO5. Preparing store sales budgets.

5.1 Comparing, analyzing and reporting store budget,


5.2 Maintaining accurate records on past sales budgets or targets
5.3 Presenting proposed budgets or targets
5.4 Justifying variations to proposed targets and report
LO6. Negotiating budgets.

6.1 Conducting budget negotiations


6.2 Ensuring budget negotiations
6.3 Presenting proposals

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