Effective Financial Management

Unit reference
Guided learning hours

Unit purpose and aim(s)

The focus of this unit is the management of financial resources in a business. It addresses the applied techniques that managers need in order to make informed financial decisions and also addresses the critical and theoretical knowledge and skills that managers need in a financial role.

The aim of Effective Financial Management is to enable you to:

  • Assess the objectives of financial management
  • Evaluate organisational activities, processes and performance
  • Understand the impact of the financial risk on financial management in a business
  • Examine and explain how businesses can finance their activities
  • Evaluate options for the financing of a business
  • Apply techniques to make appropriate investment decisions 

Assessed by a timed open book exam.

Qualifications for this unit:

ABE Level 5 Diploma in Business Management and Marketing

ABE Level 5 Diploma in Business Management and Human Resources

ABE Level 5 Diploma in Business Management

Qualifications for this unit