Financial Planning and Control

Course Description

The aim of this unit is to provide learners with knowledge of the financial planning and control function in business with reference to corporate financial planning, accessing sources of business finance and the risks of operating in global capital markets. The unit also considers the role of corporate governance in monitoring the financial management function in a business. Learners will develop the skills required to assess the potential investment opportunities and the associated risks of implementing global financial strategies.

Course Objectives

The aim of this unit is to provide learners with knowledge of the financial planning and control function in business with reference to corporate financial planning, accessing sources of business finance and the risks of operating in global capital markets. The unit also considers the role of corporate governance in monitoring the financial management function in a business. Learners will develop the skills required to assess the potential investment opportunities and the associated risks of implementing global financial strategies.

Key Topics

1. LO1: Understand the functions of financial planning and control.
2. LO2: Understand sources of business finance and the techniques used to develop investment strategy.
3. LO3: Understand global financial risk management.
4. LO4: Understand the principles of corporate governance and how they support effective financial planning and control.

Course Outline

Learning Outcomes

1. LO1 Understand the functions of financial planning and control.
2. 1.1 Explain the features of corporate financial planning.
3. 1.2 Explain the key requirements to formulate a corporate financial plan.
4. LO2 Understand sources of business finance and the techniques used to develop investment strategy.
5. 2.1 Compare sources of business finance to support business plans in different business contexts.
6. 2.2 Assess the risks associated with different sources of finance in different business contexts.
7. 2.3 Explain the influence of financial and money markets on financial planning and control.
8. 2.4 Explain the techniques used in the development of a business investment strategy.
9. LO3 Understand global financial risk management.
10. 3.1 Analyse the importance of global financial risk management.
11. 3.2 Evaluate risk management techniques used in business.
12. 3.3 Apply techniques used by a business that reduces exposure to global financial risks.
13. LO4 Understand the principles of corporate governance and how they support effective financial planning and control.
14. 4.1 Explain the role and purpose of corporate governance for businesses in relation to financial management and control.
15. 4.2 Assess the practical implications of effective corporate governance on financial planning and control.