Level 7

In this module, you will explore the sources, uses and management of finance to optimise organisational performance and how financial resources might be most effectively allocated to business operations and projects.

You will explore the use of accounting, budgetary and other information systems in managerial planning, decision-making and control. You will learn to apply appropriate analytical tools and techniques, such as the balanced scorecard, key performance indicators, cost-volume-profit analysis and budget variance analysis.

You will develop an understanding of performance management and control in contemporary international organisational business settings. Specifically, you will explore:
• Core financial reporting tools that allow you to assess an organisation’s financial performance.
• How to allocate costs appropriately to inform sustainable business decisions.
• Techniques and processes used to set budgets, and management issues that arise in budgeting.
• The four dimensions of a Balanced Scorecard and how do they inform the development of business.
• How variance analysis techniques might be used to control individual activities and manage overall organisational performance.

You will also gain an appreciation of capital investment and a range of risk assessment techniques that inform strategic investment decisions.