Who could benefit from financial training?

If a manager, executive or other employee wants to expand their range of skills, training courses can be an extremely helpful way to add a qualification to a person’s portfolio. For instance, businesses looking to remain compliant with certain certifications – like ISO 14001 – may want to send an employee on an internal auditor training course so they can conduct effective internal audits of their company.

However, it’s not just top-rank execs that can benefit from training, especially when it comes to finance. A vast range of groups from students making a university budget to low-level workers in a small business needing to balance the books can benefit from financial training.

 

Businessman

By Victor1558 under CC BY 2.0

 

Basic financial training

You might chuckle but students could certainly benefit form some form of basic financial training, especially students who are just about to attend university for the first time. Having the skill to manage various incomes – such as a student loan, student grant and part-time work – against expenses like textbooks, rent, utilities and other expenditures is a skill that is almost essential when studying for a degree, masters, doctorate or other qualification.

Not only that, basic budgeting is a transferable skill that can be used in the workplace and in later life. Having this technique along with the confidence to put it into practice is an incredibly useful business skill and one interviewers will look favourably upon.

Accountancy

In addition, some businesses (especially SMEs or family-run businesses) won’t have the cash in place to hire a specialist accountant to balance the books. As a result, jobseekers applying for positions at micro-businesses or not-for-profit businesses (such as firms in the charitable sector) with any form of accountancy knowledge tend to be viewed favourably.

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However, to become a chartered certified accountant, there are a number of training courses that need to be taken before accreditation is awarded. For instance, The Association of Chartered Certified Accountants (ACCA) requires trainees to pass 14 out of 16 accountancy exams offered by the body as well as have several years of relevant work experience under their belt. Only then can trainees become accredited accountants.

Personal finance

It’s not just businesses that can benefit from financial training; enrolling on a financial planning course could prove beneficial as a personal career achievement as well as beneficial to the thousands of people who seek financial advice every day. Whether a client is a millionaire or a member of the working class, financial advice is necessary for people looking to draw up an investment plan or just manage their overall financial wellbeing day-to-day.

Those looking to embark on financial advisory courses should consider looking at the course developed by the Institute of Financial Planning. By obtaining a Certified Financial Planning (CFP) certificate (delivered after the course is completely successfully), graduates will be authorised to provide financial advice and work as an Independent Financial Advisor or work within a finance company. This means counselling on everything from taxes to insurance to property planning.

As we can see, there are a huge amount of people who can benefit from all levels of financial training. As well as honing existing techniques, enrolling on training courses can be useful for anyone looking to develop a new skill; why not search for a course near you and see what you could learn?

By Ashley Curtis

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