Baccalaureate on

Financial Administration (BFA)

A professional Programme which increases knowledge and understanding, and evaluation and analysis ability, for business, managerial and administrative situations with a focus and specialisation in finance and accounting.

This Baccalaureate in Business Administration Study Programme with specialisation on Financial Administration is designed by professionals to develop the high-level skills and competencies vital in men and women seeking successful careers in business, commerce, finance, management and related areas, for all business, commercial, industrial, government and professional fields.  Such training is essential in today’s competitive business environment and a world of increasing international trade and globalisation. The Programme provides a thorough and wide range of knowledge of business, administrative and advanced management subjects, including leadership and strategic matters, as well as on the major subjects of business accounting, finance, investment, economics and commerce.


(1) SPECIAL OFFER Valid until 30th June 2024

  • This Special Offer provides a FREE course on Key Concepts In Accounting & Finance to anyone who enrols* for any Diploma Program in: Accounting & Finance in Business & Management; Business Bookkeeping & Accounting; Cost Accounting; Financial Management; OR for any Honours Diploma, Baccalaureate or EBA Programme with an Accounting or Finance specialisation.
  • *This Special Offer is only valid for new enrolments; no other offer or free course applies with this Special Offer.

(2) During the "Covid-19" (Corona) virus pandemic and in lock-down periods, affected Members may be allowed to take Assignments (home-based course work) instead of or in addition to sitting Examinations to complete the Programme; details can be provided on request after enrolment onto the Programme.

(3) If you would like to study Business English & Communication as an additional subject on this Programme, the total fee would then be:  A single full fee on enrolment of GBP1495 or USD2990 or EUR2320  OR,  2 instalments each of GBP825 or USD1650 or EUR1230  OR,  9 monthly instalments each of GBP215 or USD425 or EUR320.  Confirm your wish to add this course when you send your Enrolment Form and fee payment.

  • Summary of major topics
  • What is included
  • Related courses
  • Study & Career development

CORE Subjects studied in ‘STUDY YEAR ONE’ are:

1.  Business Theory & Commercial Practice   

2.  Commercial Practice & Law

3.  Management & Administration in Business    

4.  Advanced Management & Administration

CORE Subjects studied in ‘STUDY YEAR TWO’ are: 

5.  Business Economics & Commerce      

6.  Business Finance & Accounting  

7.  Cost Accounting           

8.  Financial Management


Summary of Content/Syllabus of each Core Subject

1. Business Theory & Commercial Practice  

  1. Planning, Forecasting, Profit, Objectives, Policy,  Enterprises, Business Units, Directors, Distribution 
  2. Capital, Financing of Business, Working Capital, Funds Forecast, Revenue, Expenditure, Overhead
  3. Starting/Taking Over a Business, Market Potential, Competition, Location, Knowledge, Goodwill
  4. Organisation, Delegation, Responsibility, Structure, Charts, Control,  Communication, Flows 
  5. Budgets, Budgeting, Preparation, Limiting Factors, Control, Review, Standards, Pricing Policy       
  6. Credit and Credit Control, Types and Uses of Credit, Dangers, Liquidity,  Types of Discount
  7. Management of Personnel, Recruitment, Job Analysis, Selection, Appointment, Induction, Policy
  8. Stock Control, Costs, Levels, Records, Principles of Purchasing , Buyers, Suppliers, Orders, Receipts
  9. Sales, Salesmanship, Customers, Marketing Management, Responsibilities, Advertising, Promotion
  10. Production Management, Market, Technology, Factories, Costing, Industrial Administration  
  11. Financial Accounting, Bookkeeping, Ledgers, Manufacturing, P&L, Balance Sheets, Ratios
  12. Office Organisation, Room Layout, O&M Study, Environment, Control, Data, Records, Computers

2. Commercial Practice & Law  

  1. Commerce in the Modern World, Economics Systems, Commercial Law, Trade, Banking, Insurance
  2. Classifications of Law, Legal Systems; Criminal & Civil, Constitutional, Common, Statute, Case Law
  3. Commercial Law, Law of Contract: Offer, Acceptance, Consideration; Terms & Conditions of Trade 
  4. Credit Transactions, Risk, Credit Management and Credit Terms, Business and Credit Documents
  5. Legal Business Units, Financing Companies, Shares, Law Relating to Company Directors & Officers
  6. Law of Tort for Physical Products, Types of Tort, Recovery, Defences, Proof, Consumer Protection
  7. Tort Law for Services, Defects, Damages, Types of Losses, Negligence, Harm, Duty of Care
  8. The Law of Agency, Types of Agent, Rights & Duties of Principals & Agents, Termination, Bailments
  9. Employment and Labour Law, Employment Contracts, Duty of Care, Breaches, Discrimination
  10. Principles and Law of Insurance, Indemnity, Risk, Insurers, Types of Insurance Policies, Documents
  11. Tort Liability for Premises, Workplaces, Occupiers, Visitors, Liability Insurance, Negligence, Defences
  12. Intellectual Property Protection, Copyright, Patents, Rights, Data Security, Franchises, Passing Off

3.  Management & Administration in Business

  1. Contemporary Management, Leadership, Commerce, Enterprises, Private/Public Companies  
  2. Functions of Management, Objectives, Strategy, Tactics, Operations, Quality, Standards 
  3. Responsibilities of Management, Seniority, Authority, Subordinates, Customers, Community
  4. Delegation of Responsibility, Review, Business Organisation, Expansion, Structure, Span of Control  
  5. Communication in Management, two-way, Vertical/Horizontal, Principles, Oral, Unspoken, Written 
  6. Planning, Forecasting, Budgeting, Budgetary Control, Preparation, Master Budget, Variances    
  7. Manpower Planning, Specialisation, Recruitment, Applicants, Selection, Interviews, Planning, Trials  
  8. Management of Personnel, Induction, Training, Remuneration, Personnel Policy, HR Department  
  9. Industrial Relations, Trade Unions, Industrial Action, Collective Bargaining, Joint Consultation
  10. The Manager-Subordinate Relationship, Attitudes of Employers and Employees, Relationships
  11. Management Styles, Leadership, Respect & Loyalty, Disciplinary Action, Counselling, Resignations
  12. Manager Development, Traits, Attributes, Preparing for Career and Promotion in Management

4. Advanced Management & Administration 

  1. The Evolution of Management Theory, Fayol, Weber, Taylor, Mayo, Scientific Management
  2. Organisations, Ownership, Categories of Enterprises, Environmental Interaction, Systems Theory
  3. Structures of Organisations, Growth and Development, Structure and Control, Communication
  4. Motivational Theories, Argyis, Maslow, McGregor; Likert, Herzberg, Vroom, Handy, Psychology
  5. Theories on Leadership, Types, Trait, Style, Groups & Teams, Models, Analysis, Theorists
  6. Strategic Management, Fayol, Chandler, Andrews, Ansoff, BCG Matrix, Porter, SWOT, Analysis 
  7. Business Environment, PEST, Competition and Industry Rivalry, Barriers to Entry
  8. Managing Change, Culture, Learning Organisations, Theorists, Entrepreneurship
  9. Mission Statements, Organisation and Strategic Vision, Values and Beliefs, MBWA, MOST 
  10. Stakeholders, Shareholder Value, Business Ethics, Corporate & Social Responsibility 
  11. Communication Theory, Attitudes and Organisational Behaviour, Models and Theories 
  12. Business Ethics, Law, Compliance, Codes of Conduct, Ethical Investment

5.  Business Economics & Commerce   

  1. Economic Systems and Activities, Factors of Production, Division of Labour, Money
  2. Demand and Supply, Markets, Price Factors, Equilibrium and its Calculation and Implications
  3. The Role of Commerce, Products, Categories of Enterprises, Commercial Terms, Capital
  4. Price and Pricing Strategy, Demand and Demand Factors, Elasticity, Government Intervention
  5. The Distributive Trade, Channels of distribution, Credit in Business, Types of Discounts   
  6. Commercial and Business Documents, Information, Data, Records
  7. Consumer Choice and Behaviour, Budget Lines, Indifference Curves, Product Bundles and Utility
  8. Profit and Turnover, Remuneration, Gross Profit Calculation and Ratios, Distribution of Profits, Costs
  9. Business Finance, Financial Statements, Interpretation, Cash Flow, Overtrading, Break-even Analysis
  10. Production, Considerations, Levels, Expansion, Economies of Scale, Government Involvement
  11. Commercial Services, Banking, Interest, Insurance, Risks, Uncertainty
  12. Transport, Communications, Advertising, Sales Promotion, International Trade,  Export Business

6.  Business Finance & Accounting  

  1. The Need for Accounting Information, Functions of Accounting, Limitations of Financial Statements
  2. Accounting, Terminology, Business Finance, Capital, Revenue, Income and Expenditure, Investment
  3. Principles of Bookkeeping, Books of Account, Bank Accounts, Bank Reconciliations   
  4. Financial Accounting Concepts, Goodwill, Trading and Manufacturing Accounts, Statistics and Ratios
  5. Profit & Loss Accounts, Balance Sheets, Analysis, Ratios, Gross Profit, Stock Turnover
  6. Cost Accounting, Costing Systems, Overheads, Standards, Variances, Activity Based Costing
  7. Financial Planning and Forecasting, Budgets, Budget Preparation and Budgetary Control  
  8. Stock Control, Inventory Costs, Stock Levels, Records, Stocktaking and Valuation, Work in Progress
  9. Types of Credit, Importance of Credit, Credit Control, Bad Debts, Accounting for Debts, Discounts   
  10. Partnership Accounts, Formation, Dissolution, Departmental and Branch Accounts, Hire Purchase
  11. Interpretation of Accounts, Liquidity, Borrowing, Ratios, Break-even Analysis, Pricing Policy, Auditing
  12. Computers in Accounting, Characteristics, Applications, Software, Database Systems, New Systems

7. Cost Accounting

  1. The Scope and Purposes of Cost Accounting, Definition of Costing, Techniques, Budgeting, Appraisal
  2. Cost Accounting Terminology; Classification, Overheads, Direct, Total; Cost Centres, Units
  3. Cost Behaviour; Distinguishing Differences, Classes, Prediction, Analysis, Methods, Models
  4. Labour Costs, Remuneration Methods, Labour Output and Labour Hours, Direct and Indirect Costs
  5. Material Costs; Pricing Methods, FIFO, LIFO, AVCO, Replacement: Stock Valuation, Just-in-time
  6. Absorption Costing; Overhead, Absorption Rates, Cost Units, Centres, Non-manufacturing, Appraisal
  7. Activity Based Costing; Overheads, Illustration, AMT, Cost Drivers, Activities, Environment, Appraisal
  8. Marginal Costing, Revenue Statements, Contribution, Ratios, Breakeven Analysis, Safety Margin
  9. Marginal Costing Short-term Decision Making, Make or Buy, Single Orders, Shortages, Factors
  10. Planning and Budgeting; Framework, Process, Control, Integration, Data, Zero-based, Activity-based
  11. Standard Costing and Variance Analysis, Investigation of Variations and Causes, Appraisal
  12. Capital Investment Appraisal; Techniques, Discounted Cash Flows, ARR, IRR, NPV, Payback, Risk

8. Financial Management

  1. Making Capital Investment Decisions, Utilising Resources, Nature of Investment, Considerations
  2. Investment Appraisal Methods of Projects, ARR, ROCE, Payback Period, NPV, the Cost of Capital
  3. Risk in Investment Appraisal, Probabilities, Interest, Inflation, Wealth, Investment in Practice
  4. Review and Control for Capital Expenditure Projects, Decision Management, the Audit of Projects
  5. Financing a Business, Long-Term and Short-Term Finance, Gearing, Factoring, Discounting
  6. Sources of Finance, Internal and External, the Issue of Profits, Credit Control and Management
  7. Stock Exchange, Its Purpose, Primary and Secondary Markets, Listing on an Exchange
  8. Finance for Smaller Businesses, Venture Capital, Funding, Business Angels, Government Factors
  9. Managing Working Capital, Managing Stocks, MRQ, JIT, Models, Cash Management, Liquidity
  10. Elements and Purpose of Working Capital, Financial Ratios, Debtors and Credit Control
  11. The Working Capital Cycle, Managing the Cycle, Discounts, Collection Policy, Banking, Overdrafts
  12. Policies for Working Capital Control; Cash Management, Balance of Elements, Cycle, Continuity



 Your CIC Fee includes:-

  • Your enrolment/registration with Cambridge International College, and your own high-quality, professionally produced and illustrated comprehensive International CIC Core Study Publications for each of the eight (8) Core Subjects of study.
  • CIC’s detailed, professional Study & Training Guides with full instructions on how to study to achieve success and gain top results.  An additional specially written Examinations Guide which includes expert advice, detailed guidance and tips on how to prepare for, approach and answer Examinations, is also provided.
  • Self-Assessment Tests with Model Answers, and Training Tests, Questions and Exercises, which can be used as ‘Past Papers/Questions’ for Examination preparation.
  • The Examination** papers set for the Core Subjects; Examinations are written under Invigilation/Supervision in your own area - full details, guidance and explanation of how your Examinations will be arranged and how Invigilation is conducted will be provided when you register.  Note, CIC arranges Examinations in over a hundred countries worldwide for thousands of Members every year; it is a flexible, straightforward process and will be arranged when YOU are ready to write your Examinations. **An Assignment Option via email is available instead of an Exam for the 'Covid-19' (Corona) virus period.
  • The prestigious Baccalaureate certification and Transcript on successful completion of the Programme.  Note, a First Study Year Transcript is also provided on completion of the First Study Year. 
  • Your personal page on CIC’s Member Services website with access to results, despatch details, advice and guidance, and more:
  • Regular information and news including: Newsletters with details of special offers and new Programs and much more; and Competition Forms; by email and post.

Everything needed for your Study & Training success is included in the CIC Fee.


  • Further Study and Training Advice, and Assistance is available before, during and after CIC Study & Training; Members may ask CIC’s team of experienced Consultants for advice on further study and Programmes to improve career prospects and advancement.
  • CIC’s experienced and helpful staff can assist with numerous special requests, such as reference/recommendation letters and transcripts, and more, by post and email.

The Baccalaureate is designed for men and women to be able to proceed to high-level positions in their study and career areas, to gain promotions, and to carry out a wide range of responsibilities professionally, efficiently, with expertise and with confidence; this is all based upon the wide range of knowledge and understanding of vocationally and career-oriented financial, business, management and administration skills attained from the Baccalaureate Programme.

Further high-level and specialist Study & Training is available with CIC, either in the same specialisation or in a new one, including: the Executive Business Administration Programme, which requires a Project/Thesis to be prepared and a further specialist Subject and two more Subjects to be studied; Mastery of Management Graduate Diplomas which specialise in a specific area of management; and the CIC EMBA Programme with various specialisations available.  

There is a wide range of options for further study - see the "Related Courses" section for suggestions – which include a second ABA & Baccalaureate specialization, the 'Double Award' EBA & BBA Bachelor degree Programme, and the 'Double Award' EMBA & MBA degree Programme.  You are welcome to ask the College for advice, and of course you can see details of these Programmes on this website.

Financial Administration (BFA)
Sign up to this course

Payment Options:

British Pounds:
Single payment of £1350
Or 8 monthly payments of £220
Or 2 monthly payments of £750
US Dollars:
Single payment of $2700
Or 8 monthly payments of $440
Or 2 monthly payments of $1500
Single payment of €2100
Or 8 monthly payments of €330
Or 2 monthly payments of €1125
Fee payment methods

Duration & Assessments

The standard Study Period is two years (24 months) but this is flexible; the course can be completed in a shorter period, or longer if necessary.


To gain your prestigious Baccalaureate award you must sit and pass a written Examination/Assessment on each of the 8 Subjects in your Baccalaureate Programme.  Full and clear details about this are provided to you, including in your personal Study & Training Guide, after you have enrolled.  The clear information explains when, where and how your Examinations/Assessments will be arranged - it is a simple and straightforward process, which hundreds of thousands of other Members have successfully gone through.  If you study well and follow the advice in the CIC Study & Training Guide you will be well-prepared and capable of achieving good grades, and you will be able to achieve your valuable Baccalaureate in good time!

**An Assignment Option via email is available instead of an Exam for the 'Covid-19' (Corona) virus period.

(See the “WHAT IS INCLUDED” section for this Course, and/or the “FAQs - Frequently Asked Questions” section of this website, if you would like more information.)


An accredited, approved qualification demonstrating high level career competence and the ability to analyse, plan and evaluate a wide range of financial matters