A.C. 1.1 - Describe the organisation’s sources of finance or funding
UNDERSTANDING FINANCIAL MANAGEMENT
SECTION 1 - UNDERSTAND FINANCE WITHIN THE CONTEXT OF AN ORGANISATION
A.C. 1.1 - Describe the organisation’s sources of finance or funding (8 marks)
A.C. 1.2 - Analyse the range of financial stakeholders and explain their various expectations of the organisation (16 marks)
A.C. 1.3 - Explain the importance of cash flow forecasting and cash flow management to the organisation (12 marks)
A.C. 1.4 - Provide a general assessment of business/organisational performance using appropriate financial measures (16 marks)
SECTION 2: UNDERSTAND THE VALUE OF RECORDING FINANCIAL MANAGEMENT INFORMATION
A.C.2.1 - Explain the role of financial performance indicators in monitoring the achievement of objectives (12 marks)
A.C.2.2 - Explain the purposes of the main financial documents used within the organisation (12 marks)
SECTION 3: UNDERSTAND BUDGETS FOR THE MANAGEMENT OF OWN AREA OF OPERATION
A.C.3.1 - Explain the process of budget setting used in the organisation (12 marks)
A.C. 3.2 - Explain how to use budgetary techniques to contribute to controlling cost in own area of operation (12 marks)
Just begin with A.C. 1.1 - Describe the organisation’s sources of finance or funding to complete your assignment successfully because the sources of finance or funding is the main thing to emphasise on.
UNDERSTANDING FINANCIAL MANAGEMENT
