OPEC College

How Business Finance Courses Can Help With Accounting

The financial aspects of business operations are extremely important for business health and growth. Well-managed finances mean the business is running efficiently and successfully. That’s why good financial managers and accountants are highly sought after in a range of industries, from manufacturing, government, retail and service companies, finance, and the private sector.  

It takes precise skills to be able to systematically record, analyse, interpret, and present financial information, meanwhile ensuring that the business meets its compliance obligations. These skills are essential in a spectrum of finance roles, from accountants to financial advisors, and important to formalise and continue to develop. This is why many people choose to undertake a range of business management and accounting courses to complement their financial skills and gain a broader understanding of how businesses operate and, most importantly, grow.  

With the right skills and background, financial accountants have the opportunity to work in many different roles, from auditors, financial analysts, business managers, and management consultants. Taking a business course can complement these roles, and can help you develop and expand your career opportunities.  

Benefits of business finance courses 

  • These qualifications will give you an employment edge when you are looking to advance your career. Employers will look favourably on a formal qualification in business to complement your accounting skills, as it shows that you have a range of skills and an interest and commitment to your role.  
  • Receiving a certification in business finance will formalise your existing skills and knowledge, as many accountants may already work across business finance and management tasks in their positions. Getting this work recognised and formalised will help you feel more confident in your current role or in advancing your career. 
  • If you want to strengthen your skills in the accounting and business field, a business finance course will broaden your skill set and equip you with practical knowledge that will directly benefit your career. There are plenty of key skills that are required across both fields and can be transferable to many different business settings.  

Key accounting skills you can learn in business finance: 

Applying critical thinking 

Critical thinking and analytical skills are essential for accounting, with a variety of complicated problems presenting themselves daily. Having attention to detail and a logical brain, while understanding the big picture outcomes, allows accountants to tackle financial issues as they arise.  

Critical thinking is described as the ability to engage in reflective and independent thinking. Essentially, critical thinking requires you to use your ability to reason. This is critical in business finance, and many different roles in general, so it’s an important skill to develop.  

Our BSB40120 Certificate IV in Business (Finance) is the perfect business course for formalising this skill and equipping you with a great addition to your CV. It is available through Recognition of Prior Learning (RPL) and study.  

Managing and maintaining financial records  

Business finance courses prepare graduates to handle a range of practical tasks that they may be in charge of, such as processing financial transactions, maintaining the business’s financial records, reporting on financial activity, and process payrolls. These skills are invaluable for day-to-day operations, and are highly favourable for employers.  

If you have been undertaking these tasks in your previous roles and want your skills recognised and formalised, the Certificate IV in Business (Finance) or the BSB50120 Diploma of Business (Procurement) may be the perfect qualifications. They are both available through RPL and study.  

Using digital technologies to collaborate 

Digital technologies are advancing across every industry. The digital technologies used for business finances and accounting continue to evolve at a rapid pace, so it’s important to stay up to date and regularly update your knowledge. That’s why many people continually update and develop their understanding of different technologies and how to use these in a range of business interactions.  

Digital skills are essential for financial tasks, from analytics, managing financial transactions, and forecasting financial growth. They also ensure that all business departments can work seamlessly together and collaboration can happen smoothly, with systems being used to facilitate communication and teamwork.  

A great course for developing and cementing these skills across business and finance settings is the BSB40120 Certificate IV in Business (Administration). It is available through RPL and study.  

Developing personal work priorities  

Handling business finances and accounting can involve a lot of self-managed work, so it requires the ability to effectively time manage and prioritise your own work tasks. Having this kind of initiative is looked upon favourably, and shows that you can work autonomously.  

Not only is this important in accounting and finance, it’s a valuable skill for achieving personal improvement and success. People who are able to establish personal work goals, set and meet their own work priorities, and develop and maintain professional competence will experience greater career success in the long run.  

A great business finance course for formalising and developing these important skills is the BSB40120 Certificate IV in Business (Finance). It is available through RPL and study.  

Talk to us about this or any of our other online business management courses by calling 1300 99 6732. 

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