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SECTION 1 - UNDERSTAND FINANCE WITHIN THE CONTEXT OF AN ORGANISATION

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)


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