Unit purpose and aim(s)
The focus of this unit is the management of financial resources in a business. It addresses the applied techniques that managers need in order to make informed financial decisions and also addresses the critical and theoretical knowledge and skills that managers need in a financial role.
The aim of Effective Financial Management is to enable you to:
- Assess the objectives of financial management
- Evaluate organisational activities, processes and performance
- Understand the impact of the financial risk on financial management in a business
- Examine and explain how businesses can finance their activities
- Evaluate options for the financing of a business
- Apply techniques to make appropriate investment decisions
Assessed by open book exam.
Qualifications for this unit
NEW: ABE Level 5 Diploma in Business Management and Leadership
This Diploma develops a strategic understanding of business management along with a dynamic and skills-focused approach to modern leadership. It provides an enviable dual skillset that will help you secure employment, progress academically or demonstrate your readiness for a role in business leadership.
ABE Level 5 Diploma in Business Management and Marketing
Level 5 means the same level of difficulty as year two of a Bachelors degree. Our qualification develops understanding of contemporary business management strategy combined with the knowledge required of a marketing professional.
ABE Level 5 Diploma in Business Management
Level 5 means the same depth of learning as year two of a Bachelors degree. This qualification develops a strategic understanding of business management principles and practical application.
ABE Level 5 Diploma in Business Management and Human Resources
Level 5 means the same depth of learning as year two of a Bachelors degree. This qualification develops a strategic understanding of both contemporary business management and human resources.