Specialist Award in Business

A specialist qualification in business; to build on prior studies and experience, allowing you to "fill the gaps" in your knowledge, and expand your career and business possibilities.

Course Code: VBS019
Fee Code: PA
Duration (approx) Duration (approx) 500 hours
Qualification Specialist Award
Get started!
PROFESSIONAL DEVELOPMENT COURSE

Specialist qualification in business
 
 
  • Start any time,
  • study from anywhere,
  • work at your own pace 
A proficiency award a course of study designed for people who already hold qualifications and/or experience in the discipline. While assuming that you already have a broad understanding of business, it acknowledges that you may have areas of weakness that you need to strengthen; whether that be in marketing, management or something else. The course is designed to allow you to concentrate your studies on the areas you need to strengthen, without needing to revisit the other areas of business studies which you have already mastered.

Modules

Core ModulesThese modules provide foundation knowledge for the Specialist Award in Business.
 Industry Project I BIP000
 Industry Project II BIP001
 
Elective ModulesIn addition to the core modules, students study any 3 of the following 22 modules.
 Bookkeeping Foundations (Bookkeeping I) BBS103
 E Commerce BIT100
 Financial (Money) Management BBS104
 Industrial Psychology BPS103
 Instructional Skills BGN101
 Leadership BBS110
 Legal Terminology BWR108
 Management VBS105
 Marketing Foundations VBS109
 Marketing Psychology BPS107
 Motivation VBS111
 Personnel Management VBS107
 Sales Management BBS102
 Sales Skills VBS108
 Supervision VBS104
 Advertising and Promotions BBS202
 Entrepreneurship BBS204
 Event Management BRE209
 Business Coaching BBS304
 Business Planning BBS302
 Marketing Systems BBS303
 Professional Practice For Consultants BBS301
 

Note that each module in the Specialist Award in Business is a short course in its own right, and may be studied separately.


How are Business Finances Controlled?

Different businesses manage their finances in different ways. Many business fail because they do not choose and properly implement a sensible approach to financial management.  The key factor for good financial management is simple though: always know what you have and do not spend beyond your means.
 
Keeping records is the starting point for remaining aware of your financial position.
All accounting reports e.g. balance sheet should have a heading featuring the name of the business, the type of report and the date at which it applies.

Category headings and sub-group headings are necessary to ensure that the report provides as much information as possible.

Sub-totals provide a further breakdown of information.  One column of figures provides individual figures while a second provides overall totals.  In accounting, sub-group totals are written on the same line as the last item in that category.

The dollar sign should be written at the head of each column of figures and in front of the final ‘grand totals.’

Traditionally, final totals are ‘double underlined’ to signify the end of a calculation or report.

A balance sheet is a representation of the financial status of a business at one particular moment in time.

Businesses do not remain static.  Each time the business engages in a transaction, changes will occur.  For example, assets may grow or decline or change from one form to another or liabilities may be paid off or the owner may invest more into the business.


Profit and the Balance Sheet are Linked

The net profit or loss earned by the business affects the owner’s equity and therefore will affect the balance sheet.

As the owner is entitled to all profits earned by the business, the net profit becomes part of proprietorship. If a loss occurs, it will cause a decrease in the owner’s proprietorship.

Thus, these two reports take care of the five basic classifications of accounting. The basic accounting system has now been covered.  From the starting point of source documents, transactions have been entered in journals, posted to ledger accounts, and checked by a trial balance. The information in the trial balance has then been used to prepare a profit and loss statement and a balance sheet.


Analysis and Interpretation of Reports

The main reason for producing accounting reports is to provide information needed for decisions.  Final reports can provide a great deal of information on the performance and financial position of a business.  A full analysis of a business, however, involves more than reading through columns of numbers.  To assess the performance of a business, key figures need to be selected from the reports, and then compared with a goal or standard in order to interpret the financial results.

In analysing the results of a business, the standard comparison can be budgeted figures set by the owner/manager of the business, the previous year’s results, industry averages, performance of similar businesses, and standard economic indicators such as the inflation rate, interest rate, or growth of the economy as a whole.

Some comparisons can be made using figures directly from the financial statements. Other comparisons look at ratios between key figures in the reports. 

The aim of ratio analysis is to reduce the large number of items in the balance sheet and profit report down to a set of more informative and easily understood numbers.  Ratio analysis looks at the changes in the relationship between items. They help to assess whether changes in items are due to normal growth of a business or whether they require further investigation.

Businesses, when planning for the future, usually take into account the reporting of past results of the business.  It is therefore very important that the reporting of information is correct and done is a clear and understood fashion.  This allows management to interpret results and make the appropriate decisions for the future.
 
Accounting is only Part of Managing a Business
Good financial managers do still fail in business.
Managing finances well is necessary to avoid building up more debt than what you have the assets to cover; but without sustainable income; the activity of any business will grind to a halt, even if you have the best financial management in the world.
 
Learning the type of things covered in this course will not only give you knowledge, but it should foster good habits and a balanced perspective on what is involved in being a success in the world of business.
 
ACS Global Partner - Affiliated with colleges in seven countries around the world.

Since 1999 ACS has been a recognised member of IARC (International Approval and Registration Centre). A non-profit quality management organisation servicing education.


How can I start this course?

You can enrol at anytime and start the course when you are ready. Enrolments are accepted all year - students can commence study at any time. All study is self paced and ACS does not set assignment deadlines.

Please note that if a student is being assisted by someone else (e.g. an employer or government subsidy), the body offering the assistance may set deadlines. Students in such situations are advised to check with their sponsor prior to enrolling. The nominal duration of a course is approximately how long a course takes to complete. A course with a nominal duration of 100 hours is expected to take roughly 100 hours of study time to complete. However, this will vary from student to student. Short courses (eg. 100 hrs duration) should be completed within 12 months of enrolment. Certificates, Advanced Certificates and Awards (eg. over 500 hours duration) would normally be completed within 3 -5 years of enrolment. Additional fees may apply if a student requires an extended period to complete.
If a student cannot submit their assignments for 6 months to ACS, they should advise the school to avoid cancellation of their student
registration. Recommencement fees may apply.

Simply click on the ENROL OPTIONS button at the top of this screen and follow the prompts.

You can see the course price at the top of this page. Click 'enrolment options' to see any payment options available.

You can pay by Credit Card, PayPal, Afterpay or bank transfer.

Yes! We have payment plans for most courses. Click 'enrolment options' to see the available payment plans.
We also have Afterpay that will allow you to pay for your course or payment plans in four instalments (if you are in Australia).


What do I need to know before I enrol?

There are no entry requirements that you need to meet to enrol in our courses, our courses are for everyone.
If you are under 18, we need written permission from your parent/ guardian for your enrolment to continue, we can arrange that after you have enrolled.

You don’t need to purchase any additional resources to complete our courses.

We aim to teach you the essentials without you having to purchase any specific computer program.
We recommend that you have access to a word processing program, such as Microsoft Word or Google Docs, so that you can easily complete and submit your assignments.

You sure can. We are here to help you learn whatever your abilities.

Yes, if you are enrolling in a Certificate or Advanced Certificate, you might be eligible for credits if you have evidence of your previous studies or relevant experience. More information is here.

We recommend that you are able to browse websites, send emails and conduct online research. You will need to be able to type and submit your assignments.
If you have limited computer skills, we can make special arrangements for you.

This is possible, it depends on the institution. We recommend that if you would like to use our courses that you contact the institution first. Our Course Handbook is a good resource for this.

Our courses are written in English and we only have English speaking academic staff. If you can read and complete your assignments in English, our courses are ideal for you.

Our courses are designed to build knowledge, hands on skills and industry connections to help prepare you to work in the area, running your own business, professional development or as a base for further study.

This course is aimed at providing you with a solid understanding in your selected discipline. It has been designed to take 600 hours, which includes your course reading, assignment work, research, practical tasks, watching videos and more. When you complete the course, will have a good understanding of the area/ industry you want to work in.

It’s up to you. The study hours listed in the course are a rough guide, however if you were to study a short course (100 hours) at 10 hours per week, you could finish the course in 10 weeks (just an example). Our courses are self-paced, so you can work through the courses in your own time. We recommend that you wait for your tutor to mark and return your assignment before your start your next one, so you get the benefits of their feedback.

The course consists of course notes, videos, set tasks for your practical work, online quizzes, an assignment for each lesson (that you receive feedback from your tutor from) and ends in an exam (which is optional, if would like to receive the formal award at the end), using our custom built Learning Management System - Login.Training.

Our courses are designed for adults to gain professional development and skills to further their careers and start businesses.

Our custom online learning portal allows you to conduct your learning online. There may be practical tasks that you can do offline. You have the option of downloading your course notes or print them to read later.

There is also the option to pay an additional fee for printed course notes and or USB (availability limited to location and deliverability).

Yes, if you don’t have access to the internet, you can receive the course as paper notes or on a USB stick for an additional fee. We can also make alternative arrangements for you to send your assignments to us.

We offer printed notes for an additional fee. Also, you can request your course notes on a USB stick for an additional fee.

Yes, your tutor is here to help you. Simply post any questions you have in your login.training portal or contact the office and we can pass on a message to your tutor.

We are more learning focussed, rather than assessment focussed. You have online quizzes to test your learning, written assignments and can complete an exam at the end of the course (if you want to receive your certificate). You will not receive a pass/ fail on your course work. If you need to add more details on your assignment, we will ask you to resubmit and direct you where you need to focus. If you need help, you can ask your tutor for advice in the student room.

Each module (short course) is completed with one exam.

Exams are optional, however you must sit an exam if you would like to receive a formal award. You will need to find someone who can supervise that you are sitting the exams under exams conditions. There is an additional cost of $55 (AUS) $50 (O/S) for each exam.
More information is here

There are practical components built into the course that have been designed to be achieved by anyone, anywhere. If you are unable to complete a task for any reason, you can ask your tutor for an alternative.

When you complete the course work and the exams (6 exams) and you will be able receive your course certificate- a Certificate. Otherwise, you can receive a Letter of Completion.

You can bundle the short courses to create your own customised learning bundle, Certificates or Advanced Certificates. More information is on this page.

Yes, our courses are built to be applicable for people living anywhere in any situation. We provide the fundamentals, and each student can apply their own unique flair for their own interests, region and circumstances with the one-on-one guidance of a tutor. There is also a bit of student directed research involved.

Employers value candidates with industry skills, knowledge, practical skills and formal learning. Our courses arm you with all of these things to help prepare you for a job or start your own business. The longer you study the more you will learn.

ACS has an arrangement with OAMPS (formerly AMP) who can arrange Professional Indemnity from Australian and New Zealand graduates across all disciplines. Ph: 1800 222 012 or email acs@oamps.com.au.


Who are ACS Distance Education?

ACS Distance Education have been educating people for over 40 years.

We are established and safe- we have been in education for over 40 years.
We are focused on developing innovative courses that are relevant to you now and what you will need to know in the future.
We are focused on helping you learn and make the most of your experience.
You can enrol at any time, you can work on your course when it suits you and at your own pace.
We are connected to many industry bodies and our staff participate in continuous improvement and learning activities to ensure that we are ahead of what learning is needed for the future.

Our courses are not accredited by the Australian Government. However many of our courses are recognised and held in high regard by many industry bodies.

Our courses are written by our staff, who all have many years experience and have qualifications in their speciality area. We have lots of academic staff who write and update our courses regularly.


How do I enrol my staff/ sponsored students?

Yes, you can do a request for a bulk enrolment and request an invoice on our Invoice Request Form

We can prepare an invoice, quote or proforma invoice. Simply complete your details on our Invoice Request form

We can arrange bulk discounts for your course enrolment, please get in touch with us to discuss your needs.

Yes, we have many students who are in locked facilities, such as prisons or hospitals. We can cater by also offering paper notes at an additional cost.


What if I have any more questions or need more information?

We can assist you to find the right course for your needs. Get in touch with us via email (admin@acs.edu.au) call on +61 7 5562 1088 or complete our course advice form.


What if I change my mind?

Please get in touch with studentservices@acs.edu.au if you would like to be removed from our mail list.

If you would like ACS Distance Education to delete your information at any time (whether you are a customer or a prospective customer), please contact our privacy officer and we will process this ( admin@acs.edu.au ).




Course Contributors

The following academics were involved in the development and/or updating of this course.

Rosemary Davies

Businesswoman, Journalist, Editor, Broadcaster, Teacher, Consultant for over 30 years.

Jacinda Cole

Former operations manager for highly reputable Landscape firm, The Chelsea Gardener, before starting her own firm. Jacinda has over 20 years of industry experience in Psychology, Landscaping, Publishing, Writing and Education. Jacinda has a B.Sc., Psych.C

Tracey Jones

Widely published author, Psychologist, Manager and Lecturer. Over 10 years working with ACS and 25 years of industry experience.
Qualifications include: B.Sc. (Hons) (Psychology), M.Soc.Sc (social work), Dip. SW (social work), PGCE (Education), PGD (Lear





Tutors

Meet some of the tutors that guide the students through this course.

Lyn Quirk

Lyn has 35 years of experience in the Fitness, Health and Leisure Industries. She has a string of qualifications that are far too long to list here; being qualified and registered to teach, coach or instruct a wide range of different sports and other skills.

Lyn established and managed Health clubs at three major five star resorts on Australia's Gold Coast, including The Marriott. She was a department head for a large government vocational college (TAFE), and has conducted her own aquafitness business for many years. Lyn has among her other commitments worked as a tutor for ACS for almost 10 years, and over that time, participated in the development or upgrading of most courses in her fields of expertise.

Tracey Jones

Tracey has over 20 years experience within the psychology and social work field, particularly working with people with learning disabilities. She is also qualified as a teacher and now teaches psychology and social work related subjects.

She is a book reviewer for the British Journal of Social Work. Tracey has also written a text book on Psychology and has had several short stories published.

Melissa Leistra

Melissa has a Masters Degree in Human Nutrition from Deakin University and Bachelor's degree specialising in personal development, health and physical education. She has enjoyed teaching Hospitality in the areas of commercial cookery and food and beverage. Her experience includes 16 years teaching health and nutrition and working in the hospitality industry. Melissa enjoys living a self-sustainable lifestyle on a farm and raising all types of animals. She is an experienced vegetarian/vegan cook and loves to create wholesome food using her slow combustion wood stove.

Need Help?

Take advantage of our personalised, expert course counselling service to ensure you're making the best course choices for your situation.


I agree for ACS Distance Education to contact me and store my information until I revoke my approval. For more info, view our privacy policy.