This unit is about identifying, developing, agreeing and monitoring a financial plan that supports strategic objectives.
Are the current strategic aims of the organisation or department adequately resourced financially?
Study Unit Code: 7007V1
Study Unit Group: B
Study Unit Credits: 6
Maximum flexibility: Study online, with full Tutor support as and when you need it.
Discuss the elements of finance and financial planning that apply at your strategic level, and how the strategy of your organisation impacts the financial plan. Explain the component parts of a financial plan, their respective importance and risks. You will need to produce a financial plan and set out how you intend to gain agreement and subsequently monitor and evaluate it.
Upon completion of this CMI unit you will be able to:
All of the below are techniques related to the Study Unit and can be read, applied and referenced in completion of the Study Unit.Balance Sheet Balanced Scorecard Boston Consulting Group Matrix Break-Even Analysis Budgeting Processes Business Cycle Business Modelling Capital Asset Pricing Model Cash Flow Forecasting Cash Flow Statement and Management Competitive Strategy Core Competencies Cost-Benefit Analysis Cost-Volume-Profit Analysis Credit Analysis Discounted Cash Flow Diversification Economic Cost Economic Value Added Econometric Forecasting Model Economies of Scale and Scope Financial Planning and Forecasting Financial Ratio Analysis Financial Statement Analysis Lifecycle System Approach Linear Trend Forecasting Market Penetration Monte Carlo Simulation PESTEL Analysis Research and Development Scenario Planning Sensitivity Analysis Strategic Planning Value Chain Management
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