Unit 703 Finance for Managers Assignment Brief
| Qualification | QUALIFI Level 7 Diploma in Strategic Management and Leadership (601/5335/0) |
|---|---|
| Unit Number and Title | Unit 703: Finance for Managers |
| Unit Code | D/506/9071 |
| RQF level | 7 |
| Credits | 15 |
| TQT | 150 |
| GLH | 75 |
Aim
This ai of this unit is to support learners in understanding and using financial information and data. This unit is important to learners as it support financial decision making.
Learning Outcomes and Assessment Criteria
| Learning Outcomes.
When awarded credit for this unit, a learner will: |
Assessment Criteria.
Assessment of this learning outcome will require a learner to demonstrate that they can: |
| 1. Be able to analyse financial information and data.
|
1.1 Determine what financial information is needed and assess its validity. |
| 1.2 Analyse different financial documents and information and formulate conclusions about financial performance levels and needs of stakeholders. | |
| 1.3 Conduct comparative analysis of financial information and data. | |
| 1.4 Critically review and question financial information and data. | |
| 2. Be able to assess budgets and their ability to support organisational objectives.
|
2.1 Identify how a budget can be produced taking into account financial constraints and achievement of targets and accounting conventions. |
| 2.2 Be able to assess a budget. | |
| 2.3 Identify how a budget for a complex organization can support organizational objectives and targets whilst taking into account financial constraints and accounting conventions | |
| 3. Be able to evaluate financial proposals for expenditure provided by others.
|
3.1 Identify criteria by which proposals can be judged. |
| 3.2 Critically analyse the viability of a proposal for expenditure. | |
| 3.3 Identify the strengths and weaknesses of a proposal and give feedback on the financial proposal. | |
| 3.4 Analyse the viability of a proposal for expenditure. |
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