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Mini MBA

Understanding Data and Numbers


Build a strong foundation in financial management with the Upskilled Mini MBA unit, Understanding Data and Numbers. Learn key financial principles, data analysis, and risk management while mastering how to interpret financial reports, evaluate investments, and use data to drive business growth and maximise financial success.

4 hours
of Online Study
4 Units
Professionally Curated
100%
Online, Self-paced
Trustpilot

Overview

This Mini MBA unit focuses on financial principles and how data is used in business to make informed decisions. Participants will gain a fundamental understanding of financial management, including how to read financial statements, collaborate with accountants and auditors, and manage risks. By exploring real-world financial statements, you'll learn how to value business investments and assess key financial performance metrics to drive financial growth in your organisation.

This unit is designed to build an understanding of financial principles and their application in decision-making. You will learn to navigate financial reports, identify financial performance measures, and assess how to leverage financial data to drive growth, manage risk, and optimise business strategies.

Learning Objectives

Upon completion of this unit, participants will be able to:

  • Identify the critical role and challenges financial managers face, including risk management.

  • Understand the principles of financial management and how to interpret financial reports.

  • Use data to evaluate investments and business portfolios effectively.

  • Assess approaches to maximising financial growth by leveraging financial data and performance metrics.

Topics Covered

  • Understand the role of financial management in business.
  • Learn how to work with accountants and auditors effectively.
  • Address the key problems financial managers encounter and how to solve them.
  • Learn how to calculate key financial measures.
  • Understand the different types of financial reports and how to read them.
  • Understand the importance of data in decision-making.
  • Learn to calculate key financial measures like ROI and NPV.
  • Explore risk assessment and management strategies.
  • Evaluate your current financial position and develop strategies for improvement.
  • Assess alternative financial models and the potential for portfolio business models.

Course Content

  • Short Videos (3-5 minutes) introducing key concepts.

  • Non-Academic Reading: Articles, blogs, and case studies (3-4 pages) on real-world financial decision-making.

  • Mini Knowledge Quizzes to test understanding.

  • Practical Exercises for applying financial calculations and management scenarios in business contexts.

Optional Components

  • E-Portfolio: Document your learning experiences and any additional materials. Downloadable post-completion for future reference.

  • Short Reflective Activity (500 words max) through an online tool, focusing on key learnings and creating a financial action plan.

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