Finance for Strategic Managers

Aims

To develop financial skills required to understand and analyse financial information and to manage finance at a strategic level within a business. To understand the different business structures and financial reporting requirements.

Learning Outcomes

1. Understand the role of financial information in business strategy

1.1 Assess the need for financial information in business

1.2 Identify the risks related to financial and business decisions

1.3 Summarise financial information required in strategic business decision making

2. Be able to analyse published financial statements for strategic decision making purposes

2.1 Explain the purpose, structure and content of published accounts

2.2 Interpret financial information in published accounts

2.3 Calculate financial ratios from published accounts to support strategic business decisionmaking

3. Understand how businesses assess and finance non-current assets, investments and working capital

3.1 Differentiate between long and short-term finance requirements for businesses

3.2 Compare the sources of long and shortterm finance for businesses

3.3 Assess the importance of managing cash flow and examine cash flow management techniques

3.4 Evaluate methods for appraising strategic capital or investment projects

4. Understand different ownership structures and how they influence and measure financial performance

4.1 Analyse the corporate governance, legal and regulatory requirements of different business ownership structures

4.2 Compare and contrast the accountability for and roles of owners and managers in decision