Business, Management & Finance (BMF)

About Course

This course introduces students to the foundational principles of business, management, and finance. It covers the purpose and structure of businesses, the roles of stakeholders, key management concepts, financial fundamentals, and the impact of external environments on business operations. Designed for aspiring accountants, BMF lays the groundwork for understanding how businesses function and make strategic decisions in both local and global contexts.

Understand the structure, purpose, and environment of businesses and how they operate within the Nigerian and global economies.
Identify and explain key business functions such as marketing, finance, HR, and operations, and how they interrelate.
Differentiate between leadership and management styles, and apply motivational theories in practical business scenarios.
Demonstrate a sound understanding of business ethics, corporate governance, and the ICAN Code of Conduct.
Grasp the basics of financial and management accounting, including how to read and interpret key financial statements.
Apply foundational business and finance knowledge to real-world organizational and decision-making challenges.

Course Content

2. Business Organisation and Structure

2.1 Types of business ownership (sole trader, partnership, limited liability)
2.2 Public vs private sector organizations

01:14:57
2.3 Functional areas of business (HR, marketing, finance, operations)
2.4 Business hierarchy and communication flow
Quiz 2: Business Organization
Module 2 Assignment

1. Introduction to Business and the Business Environment
This module serves as the cornerstone for aspiring Chartered Accountants pursuing the ICAN Foundation program. The A1 – Business, Management, and Finance (BMF) course equips students with essential knowledge and skills in key areas of business operations, management practices, and financial principles.

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Bjørn

4 weeks ago

"Studying for ICAN online with ProCert was the best decision I made. The lessons were clear, the tutors were supportive, and I could study after work at my own pace. I passed my Foundation Level on the first attempt!"

Business, Management & Finance (BMF)

About Course

What Will You Learn?

Course Content

2. Business Organisation and Structure

2.1 Types of business ownership (sole trader, partnership, limited liability)

2.2 Public vs private sector organizations

2.3 Functional areas of business (HR, marketing, finance, operations)

2.4 Business hierarchy and communication flow

Quiz 2: Business Organization

Module 2 Assignment

1.1 Definition and types of businesses

1.2 Sectors of the economy (primary, secondary, tertiary)

1.3 Business objectives and stakeholders

1.4 External business environment (PESTEL analysis)

Quiz 1: Intro to Business Quiz

Module 1 Assignment