Finance and Accounting for Managers
The aim of this unit is to develop students' accountancy skills and provide students with an understanding of the role of accounting and finance in a business setting. Students will be introduced to key accounting and finance terminology and learn how to interpret financial statements. Students will develop an understanding of financial strategies, including budgets, financial management and accounting, and how to provide financial reports. Using case-studies, students will develop budgetary control systems comparing actuals with planned expenditure, discuss corrective actions to be taken in response to budgetary variations and identify and resolve associated conflict. Students will develop an understanding of the role of accounting within the commercial context to assist business decisions and contextualise the function in an organisation. Students will develop an understanding of the sources and availability of finance to organisations.
Negotiated Business Project (Advanced)
In this unit, apprentices develop a full work-based project negotiated between the Apprentice, the Tutor and the Employer. This will include an assessed project proposal. The project proposal will identify a chosen subject area, literature and methodology. It will demonstrate that the project is ready to undergo ethical scrutiny with the University, and address any issues arising from that. The proposal should also address the project in terms of the values, ethics and governance of their organisations. The project will scope out, identify and diagnose a problem within the organisation and suggest solutions. The project must contain a clear literature review, methodology, findings and recommendations. This project will be included and revised for the Business Portfolio, which is assessed both in the degree, and in the End Point Assessment for the Apprenticeship.
Operations and Technology Management in Retail
This unit examines the principles and practices of retail operations management, the structure and organisation of retail operations, the management of organisational change and the management of multichannel logistics. Students will investigate the diverse nature of Operations Management within the retail industry, including the roles and responsibilities of the retail manager. Driving sales volume through multichannel retailing, effective sales promotions, visual merchandising and store design. Understanding the role of operations and technology management in the development of organisational strategy and planning, before exploring approaches to resource and supply chain management. Sustainability and ethics, workforce development, sustainability of strategy and plans, the role and management of risk, monitoring and evaluation, quality assurance, legislative requirements and the management of change. While strategy will not be discussed in detail on this unit, it is important to have some understanding of strategy from an Operations Management perspective.