Strategic Financial Management Unit Reference Number Unit Title Unit Level Number of Credits Total Qualification Time (TQT) Guided Learning Hours (GLH) Mandatory / Optional Unit Grading Structure
L/616/2727 Strategic Financial Management 7 20 200Hours 100 Hours Optional Pass / Fail
Unit Aims The aim of this unit is to enable learners to apply financial principles relevant to management in an organisational context, including analytical techniques and theories/models of management accounting, evaluation of budgetary processes, recommending funding sources and appraising investment options. Learning Outcomes and Assessment Criteria Learning Outcome – The learner will: 1. Be able to apply the tools and techniques of cost accounting.
Assessment Criterion – The learner can: 1.1
1.2 1.3 2. Be able to critically analyse the financial performance of businesses.
2.1 2.2
2.3
3. Be able to evaluate the budgetary processes of organisations.
3.1 3.2 3.3
4. Be able to recommend effective long term and short-term sources of funding.
4.1 4.2 4.3
5. Be able to critically appraise investment options.
5.1
Critically analyse the concepts, features and importance of cost accounting in an organisation. Apply tools of costing design and costing systems to an organisation. Recommend improvements to the costing and pricing systems of an organisation. Analyse financial statements to assess the financial position of an organisation. Recommend organisational decisions based on evaluation of financial statements using financial ratios. Propose managerial recommendations on the strategic portfolio of an organisation based on financial analysis. Evaluate budgetary targets for an organisation. Develop a master budget for an organisation. Critically evaluate budget and budgetary processes in an organisation. Assess the need for short term working capital and long- term funds for an organisation. Appraise appropriate sources of short term and funds for an organisation. Justify choices of sources of funds using a range of criteria related to cost and risk. Apply financial appraisal methods to analyse competing investment projects in different kinds of organisations.
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