7.4 Finance for Strategic Managers Aims
To develop financial skills required to understand and analyse financial information and to manage finance at a strategic level within a business. To understand the different business structures and financial reporting requirements. Unit Level 7 Unit Code Y/503/5095 GLH 60 Credit Value 15 Unit Grading Structure Pass Assessment Guidance To achieve this unit, learners must achieve the learning outcomes and meet the standards specified by the assessment criteria for the unit. Additional assessment guidance is provided on the ATHE sample assignment brief. Learners will need to demonstrate their full understanding of the use of financial information in business decision making. Learners can use their own experience or provide examples of businesses from their research to exemplify the points which are made. Learners will need to access and interpret published business accounts. Learning Outcomes Assessment Criteria The learner will: The learner can: 1. Understand the role of financial 1.1 Assess the need for financial information in information in business strategy business 1.2 Identify the risks related to financial and business decisions 1.3 Summarise financial information required in strategic business decision making 2. Be able to analyse published financial 2.1 Explain the purpose, structure and content statements for strategic decision of published accounts making purposes 2.2 Interpret financial information in published accounts 2.3 Calculate financial ratios from published accounts to support strategic business decisionmaking 3. Understand how businesses assess 3.1Differentiate between long and short-term and finance non-current assets, finance requirements for businesses investments and working capital 3.2 Compare the sources of long and shortterm finance for businesses 3.3 Assess the importance of managing cash flow and examine cash flow management techniques 3.4 Evaluate methods for appraising strategic capital or investment projects 4. Understand different ownership 4.1 Analyse the corporate governance, legal structures and how they influence and and regulatory requirements of different business measure financial performance ownership structures 4.2 Compare and contrast the accountability for and roles of owners and managers in decision making for different business ownership structures
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