Finance for Managers
Unit purpose and aim(s)
This unit is designed to enable you to gain knowledge and understanding of accounting principles, processes and concepts that can be applied in a general management context.
As a manager or aspiring manager, the unit aims to equip you with the knowledge and practical skills to complete and review financial accounting tasks. These tasks are required to prepare, review and interpret internal and external financial information to make effective analytical judgements and report findings to business stakeholders. You will develop the skills required to record business transactions and generate financial information. This information is used as the basis for financial control and planning. The unit also allows you to consider the importance of effective management of cash flow and to highlight cash flow problems which could lead to business failure.
Managers are frequently required to make strategic investment decisions. This unit will allow you to consider the practical use of costing, pricing and capital investment techniques in order to make informed decisions.
Assessed by exam.