Analyse the impact of organisational and regulatory frameworks on an organisation’s approach to financial management.

Analyse the relationship between the financial function and other functional areas within organisations

Examine the impact of financial objectives on decision making within organisations

Differentiate between management accounting and financial accounting

Analyse the impact of organisational and regulatory frameworks on an organisation’s approach to financial management

Analyse the challenges organisations face accessing finance

Differentiate between budget setting and financial forecasting

Evaluate budget setting approaches used by organisations

Formulate and justify a budget for an area of management responsibility

Analyse the factors that impact on budget management

Specify corrective actions to be taken in response to budgetary variance

Discuss reporting procedures for authorising corrective actions to a budget