Financial planning and management
The focus of this topic is to develop an
understanding of the role of financial planning within business operation and
management and the interpretation of financial information.
Outcomes:
The student:
H2.1 describes and analyses
business functions and operations and their impact on business success
H3.2 evaluates the effectiveness
of management in the organisation and operations of business and its
responsiveness to change
H3.3 analyses the impact of
management decision-making on stakeholders
H4.1 critically analyses the
social and ethical responsibilities of management
H4.2 evaluates management
strategies in response to internal and external factors
H5.1 selects, organises and
evaluates information and sources for usefulness and reliability
H5.2 plans and conducts an
investigation into business to present the findings in an appropriate business
format
H5.3 communicates business
information, ideas and issues, using relevant businessterminology and concepts
in appropriate forms
H5.4 applies mathematical
concepts appropriately in business situations.
Chapters:
Terminology:
- Chapter 4:
The role of financial planning
-
- 1.
Strategy
- 2.
Strategic plan
- 3.
Organisational objectives
- 4.
Financial resources
- 5.
Financial management
- 6.
Assets
- 7.
liquidity
- 8.
Profitability
- 9.
Efficiency
- 10.
Growth
- 11.
Return on capital
- 12.
Capital expenditure
- 13.
Planning processes
- 14.
Budgets
- 15.
Operating budgets
- 16.
Project budgets
- 17.
Financial budgets
- 18.
Cash flow budget
- 19.
Record systems
- 20.
Financial controls
- 21.
Variance reports
- 22.
Financial risks
-
- Chapter 5:
Financial markets relevant to business financial needs
-
- 23.
Financial markets
- 24.
Financial intermediaries
- 25.
Direct securities
- 26.
Primary markets
- 27.
Secondary markets
- 28.
Exchange traded markets
- 29.
Over the counter markets
- 30.
Derivatives
-
- Chapter 6:
Management of funds
-
- 31.
Financial decision making
- 32.
Internal finances
- 33.
Owner’s equity
- 34.
External finance
- 35.
Bank overdraft
- 36.
Mortgage
- 37.
Debentures
- 38.
Leasing
- 39.
Factoring
- 40.
Venture capital
- 41.
Debt finance
- 42.
Equity finance
- 43.
Restrictive covenants
- 44.
Leverage
-
- Chapter 7:
Using financial information
-
- 45.
Accounting framework
- 46.
Financial statements
- 47.
Revenue statement
- 48.
Balance sheet
- 49.
Accounting equation
- 50.
Analysis
- 51.
Interpretation
- 52.
Solvency
- 53.
Efficiency
- 54.
Historical cost accounting
- 55.
Intangible assets
-
- Chapter 8:
Effective financial management
-
- 56.
Current assets
- 57.
Working capital
- 58.
Net working capital
- 59.
Working capital management
- 60.
sale and lease-back
- 61.
Cash flow
- 62.
Statement of cash flows
- 63.
Fixed costs
- 64.
Variable costs
- 65.
Cost centres
- 66.
Audit
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