This website uses cookies to ensure you have the best experience. Learn more

Financial Management Essay

3868 words - 16 pages

Introduction |

This is the assignment for the Understanding Financial Management unit. The aim of this unit is to develop understanding of finance within the context of an organisation, as required by a practising or potential middle manager.The task requires you to demonstrate your understanding of finance and the value of recording financial information within the context of your organisation. You are then asked to explain the process of budget setting in the organisation and how budgetary techniques are used to contribute to controlling cost in your own area of operation.If you are not currently working within an organisation, then you may complete this task in relation to an ...view middle of the document...

Make sure you have answered the questions and that your answers meet the assessment criteria. * provide a brief conclusion at the end of each question, summarising what you have said in the answer, in no more than a paragraph or two. This will help you progress to the next question, especially as there is some analysis required of your preceding work. * keep your analyses concise and linked back to the question and assessment criteriaThe 'nominal' word count for this assignment is 2000 words: the suggested range is between 1500 and 2500 words. When you have completed it, you should upload it along with your completed workbook through iAcademy. You will be provided with instructions on how to do this in the section for Week 4. |


Assessment criteria |

These are the assessment criteria against which your work will be assessed:By the end of the unit, you should be able to: * describe the organisation’s sources of finance or funding (8 marks) * analyse the range of financial stakeholders and explain their various expectations of the organisation (16 marks) * explain the importance of cash flow forecasting and cash flow management to the organisation (12 marks) * provide a general assessment of business/organisational performance using appropriate financial measures (16 marks) * explain the role of financial performance indicators in monitoring the achievement of objectives (12 marks) * explain the purposes of the main financial documents used within the organisation (12 marks) * explain the process of budget setting used in the organisation (12 marks) * explain how to use budgetary techniques to contribute to controlling cost in own area of operation (12 marks) |

Assignment brief |
The purpose of this unit is to develop understanding of finance within the context of an organisation, as required by a practising or potential middle manager.The task requires you to demonstrate your understanding of finance and the value of recording financial information within the context of your organisation. You are then are asked to explain the process of budget setting in the organisation and how budgetary techniques are used to contribute to controlling cost in your own area of operation.The 'nominal' word count for this assignment is 2000 words, the suggested range is between 1500 and 2500 words. However, individuals have different writing styles and there is no penalty if the word count range is exceeded. Write your responses in the white boxes below. |
1. Understanding finance within the context of an organisationThese questions ask you to demonstrate your understanding of how the organisation is financed and who its financial stakeholders are. You are also asked to explain the importance of cash flow management and assess how organisational performance is measured using appropriate financial measures. 1.1 Describe the organisation’s sources of finance or funding. (120 – 200 words, 8 marks ) |
Funding for the NHS...

Other Papers Like Financial Management

Financial Management Essay

1625 words - 7 pages Examination Paper of Financial Management IIBM Institute of Business Management Examination Paper Financial Management Subject Code-B-103 Section A: Objective Type & Short Questions (30 marks)    This section consists of multiple choice & Short Notes. Answer all the questions. Part One carries 1 mark each & Part two carries 5 marks each. MM.100 Part one: Multiple choices: 1. The approach focused mainly on the financial problems of

Financial Management Essay

1608 words - 7 pages Examination Paper of Financial Management IIBM Institute of Business Management Examination Paper Financial Management Subject Code-B-103 Section A: Objective Type & Short Questions (30 marks)    This section consists of multiple choice & Short Notes. Answer all the questions. Part One carries 1 mark each & Part two carries 5 marks each. MM.100 Part one: Multiple choices: 1. The approach focused mainly on the financial problems of

Financial Management

1614 words - 7 pages Examination Paper of Financial Management IIBM Institute of Business Management Examination Paper MM.100 Financial Management Subject Code-B-103 Section A: Objective Type & Short Questions (30 marks)      This section consists of multiple choice & Short Notes.  Answer all the questions.  Part One carries 1 mark each & Part two carries 5 marks each. Part one: Multiple choices: 1. The approach focused mainly on the

Financial Management - 1614 words

1614 words - 7 pages Examination Paper of Financial Management IIBM Institute of Business Management Examination Paper Financial Management Subject Code-B-103 Section A: Objective Type & Short Questions (30 marks)      This section consists of multiple choice & Short Notes.  Answer all the questions.  Part One carries 1 mark each & Part two carries 5 marks each. MM.100 Part one: Multiple choices: 1. The approach focused mainly on the financial problems of

Financial Management - 1614 words

1614 words - 7 pages Examination Paper of Financial Management IIBM Institute of Business Management Examination Paper Financial Management Subject Code-B-103 Section A: Objective Type & Short Questions (30 marks)      This section consists of multiple choice & Short Notes.  Answer all the questions.  Part One carries 1 mark each & Part two carries 5 marks each. MM.100 Part one: Multiple choices: 1. The approach focused mainly on the financial problems of

Financial Management - 1614 words

1614 words - 7 pages Examination Paper of Financial Management IIBM Institute of Business Management Examination Paper MM.100 Financial Management Subject Code-B-103 Section A: Objective Type & Short Questions (30 marks)      This section consists of multiple choice & Short Notes.  Answer all the questions.  Part One carries 1 mark each & Part two carries 5 marks each. Part one: Multiple choices: 1. The approach focused mainly on the

Financial Management - 2206 words

2206 words - 9 pages Examination Paper Semester I: Financial Management         IIBM Institute of Business Management    Semester‐1                                                Examination Paper                                             MM.100                                                                    Financial Management                                                     Section A: Objective Type (30 marks)    • This section consists of Objective

Financial Management - 1390 words

1390 words - 6 pages FINANCIAL MANAGEMENT Chapter 1 The Corporation Financial Management 2  How people in corporations make financial decisions? Financial decisions?  Where,  when, what, how much, how…etc.  Mostly concern with three decisions: _______decisions, _________ decisions and _________decisions. Chapter Outline 1.1 The Four Types of Firms 1.2 Ownership Versus Control of Corporations 1.3 The Stock Market 3 1.1 The Four

Financial Management - 1332 words

1332 words - 6 pages Running Head: Financial Management Financial Management Valerie Cazeau Professor Roy Viar Contemporary Business Strayer University Abstract This assignment examines Google as one of the leaders in the information searching industry and its main competitor Microsoft with its introduction of Bing. The examination of these two organizations stem around their business models and their most recent financial statements which include

Financial Management - 3084 words

3084 words - 13 pages plan for financial management including: * What you would analyse in order to find information on previous profit/loss? * How would investigate the reasons for previous profit/loss? * How would you analyse identify future expenses etc…? * How would you analyse cash flow trends? * What requirements might you have in relation to taxation? * What types of software might you need for financial management

Financial Management - 331 words

331 words - 2 pages )/Sales = 25% Inventory turnover ratio: 5.0 Balance Sheet for Hoffmeister Industries Cash $27,000.00 Accounts Payable $90,000.00 Account Receivable $45,000.00 Long-term Debt $60000.00 Inventories $67,500.00 Common Stock $52,500.00 Fixed Assets $169500.00 Retained Earnings $97,500.00 Total Assets $300,000.00 TTL Liabilities & Equity $300,000.00 Sales $450,000.00 Cost of goods sold $337,500.00 References: Brigham, E, Ehrhardt, M. Financial Management. Theory and Practice 13th Edition, South –Western Cengage Learning

Related Essays

Financial Management Essay 893 Words

893 words - 4 pages Financial Management 1. Google, a leader in Internet information searching, is being challenged by other big names in Internet technology.  Compare and contrast Google’s business model and financial management with Microsoft’s, which launched Bing. Access Google and Microsoft’s annual reports and financial statements at their Websites.  In addition to the text, you may access some other sites and or sources to

Financial Management Essay 575 Words

575 words - 3 pages Phase 1 Discussion Board 2 FINC400-1403B-03 Financial Management Stephen Williams Colorado Technical University Online August 20, 2014 Financial Statements and Analysis The four main financial statements that are utilized on financial statements analysis contain balance sheets, statements of financial positions, the income statements, and statement of operations, statement of change in shareholders equity, and the statements

Financial Management Essay 1625 Words

1625 words - 7 pages Examination Paper of Financial Management IIBM Institute of Business Management Examination Paper Financial Management Subject Code-B-103 Section A: Objective Type & Short Questions (30 marks)    This section consists of multiple choice & Short Notes. Answer all the questions. Part One carries 1 mark each & Part two carries 5 marks each. MM.100 Part one: Multiple choices: 1. The approach focused mainly on the financial problems of corporate

Financial Management Essay 1625 Words

1625 words - 7 pages Examination Paper of Financial Management IIBM Institute of Business Management Examination Paper Financial Management Subject Code-B-103 Section A: Objective Type & Short Questions (30 marks)    This section consists of multiple choice & Short Notes. Answer all the questions. Part One carries 1 mark each & Part two carries 5 marks each. MM.100 Part one: Multiple choices: 1. The approach focused mainly on the financial problems of