ICATs

Apply Now
  • Our Course
  • About Us
  • Industry Resources
  • News & Events
  • Contact Us

Unit 11

Financial and Management Issues in the Aroma Trades

The economic aspect of the Aroma Trades is key to any successful business and within this sector there are several factors unique to the industry that are not generally covered in standard business finance courses. In this module, you’ll gain the background knowledge required for this specialist context as you focus on the topic of financial management.

Finance and costing are first discussed in theory, so core characteristics of this important area are fully understood. Following this, you’ll learn more about costing within the aroma trades including key stages in the production and business process: costing areas covered range from formulations and batches to steam distillation, solvent extraction and other aspects of aroma chemical and essential oil production.

The module also covers fundamental aspects of financial management including budgets, investment appraisal, and time value DCF calculations to give you a fuller appreciation of this critical part of the industry.

Single Unit Fee

£660

Credits

10

Member's fee*

£530

*Member's fee applies to the following organisations: IFEAT, BSP, BSF.
“Participants from a finance background have found this module valuable to place their finance knowledge into a specific Aroma Trade context. Participants from a technical background find the module valuable by better understanding the financial implications of their activities and decisions. Individuals (Accounts and Technical staff) improve their professional capability, and the company gains increased profitably, by better management of the technical – financial continuum with better interdisciplinary understanding and communication.”

— Dr Tony Curtis, ICATS Principal Tutor

What is included

Flexible learning

Studying with ICATS gives you ultimate learning flexibility. With no assignment hand-in dates or fixed exam at the end of the year, you’re free to work through your course modules at your own pace.

Tutor Support

As an ICATS student, you’ll have the support of a tutor. Experts in their subjects, your tutor will guide you throughout your studies, giving you advice and research approaches for your final dissertation.

ICATS Learning Pack

All the course materials you’ll need are included in your ICATS Learning Package: workbooks, textbooks, and monographs.

Focus on Industry

Financial success is a key goal for any business, and with this module you'll be able to fully appreciate how astute costing, budgeting and financial evaluation will have a positive impact on your company.

Learning Outcomes:

You’ll gain a full understanding of all aspects of costing at various stages in the aroma trades value chain, to streamline cost management in every stage of production

You'll be able to draw up simple budgets and calculate cash flows

You'll be prepared to evaluate investment proposals and estimate financial risk

Combine units and become Certified

This Unit Unit 11 = 10 credits
+
Other Units + 50 credits
=
Earn An IFEAT Certificate! 60 credits
  • Unit 1

    Foundation Science and Mathematics for the Aroma Trades

  • Unit 2

    Sensory Studies and Odour Taste Language

  • Unit 3

    Aroma Materials of Natural and Synthetic Origin

  • Unit 4

    Flavour Creation and Evaluation

  • Unit 4

    Fragance Creation and Evaluation

  • Unit 5

    Application of Flavouring Materials in Flavoured Products

  • Unit 5

    Application of Aroma Materials in Fragranced Products

  • Unit 6

    Safety, Regulatory and Environmental Issues in the Aroma Trades

  • Unit 7

    Operations, Logistics and Quality Assurance in the Aroma Trades

  • Unit 8

    Business Environment and Marketing in the Aroma Trades

  • Unit 9

    New Product Development in the Aroma Trades

  • Unit 10

    Project Management and the Briefing Process

  • Unit 12

    Research Methods and Dissertation Proposal

  • Unit 13

    Dissertation

Register for the course

Apply Now

Subscribe to receive our Newsletter to find out about ICATS news and upcoming events

Address

ICATS Education Ltd.
57 Kensington Road
Mutley
Plymouth
Devon
PL4 7LU

Tel: +44 (0)1752 518034

© 2023. International Centre for Aroma Trades Studies (ICATS) is the trading name of ICATS Education Limited: Registered in England & Wales No 11069612. Website built by Elixel

Terms & Conditions Privacy Policy