Unit 7.4 Finance for Strategic Managers
Level 715 Credits
You are a longstanding manager in a family firm which is a small but growing organisation. Your particular responsibility is finance. A new member of the family has just joined the firm fresh from completing a post graduate (level 7) qualification at college. He is clear that in order to ensure the business’s continued success he must develop the financial skills required to assess and manage finance within the business. He wishes to begin by understanding the role of financial information in business strategy and given your experience he has asked for your advice.
Heintends to create a file on finance for strategic managers which he can use as an aide memoire.
Prepare the first section of the file providing examples where appropriate.
This must have the following sub sections
Assessment Criteria 1.1/1.2/1.3
The second section of the file must provide information on published financial statements. You must include at least one actual example of published accounts in order to illustrate the points you are making. This section must include
Assessment Criteria 2/1.2/2.2/3
The new manager has made it clear that he needs to understand how businesses assess and finance various activities. The next section of the file must therefore cover
Assessment Criteria 3/1, 3/2, 3/3
As the business is growing, the new manager wishes to have a section of the file which considers a number of issues related to expansion
In this section of the file you must
1.consider different business ownership structures and analyse the corporate governance, legal and regulatory requirements of these. For each of these structures compare and contrast the roles and accountability of owners and managers in making decisions.
2. carry out an evaluation of methods for appraising strategic capital or investment projects.
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