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Level 6 Diploma in Business Management

Strategic Business Decision Making and Financial Drivers

BM604 · Financial Decision Making — Week 1 of 16

CourseBM604
Week1 of 16
SemesterII
TutorOnline in the course chat

This week’s topics

Strategic Business Decision Making and Financial Drivers

  1. Strategic versus operational decision drivers
  2. Quantitative versus qualitative financial metrics
  3. Cost-volume-profit analysis
  4. Opportunity cost evaluation in resource allocation
  5. Levels of Decision Making
  6. CIMA P1 Cost Volume Profit Analysis
  7. Business Strategy: Resource Allocation

What you will be able to do

  • 1.1 Analyse the factors that guide and drive decision making in business.
  • 1.2 Assess the significance of financial factors in business decision making.

Activity

Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: analyse the factors that guide and drive decision making in business.

Study materials

Videos

  • Levels of Decision Making · YouTube · Galton College · 37 min · for registered students
  • CIMA P1 Cost Volume Profit Analysis · YouTube · OpenTuition · 30 min · for registered students
  • Business Strategy: Resource Allocation · YouTube · Galton College · 22 min · for registered students

Further resources

  • Managerial Accounting, ch. 6: How Is Cost-Volume-Profit Analysis Used for Decision Making? · PDF · Saylor Academy, textbook chapter; pp. 313–382 · for registered students
  • Principles of Accounting, Volume 2: Managerial Accounting, ch. 10: Short-Term Decision Making · PDF · OpenStax, textbook chapter; pp. 471–516 · for registered students
  • Opportunity cost neglect: a meta-analysis · PDF · Reading, article · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Week 2
Course chat

Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

Open this week in the portal
Course plan
  • Week 1: Strategic Business Decision Making and Financial Drivers
  • Week 2: Business Risk Assessment in Financial Decisions
  • Week 3: Accounting Foundations and Expenditure Classification
  • Week 4: Structure and Interpretation of Final Accounts
  • Week 5: Financial Performance Metrics and Long-Term Sustainability
  • Week 6: Sources and Selection of Business Finance
  • Week 7: Capital Expenditure Appraisal Techniques
  • Midterm: Midterm evaluation
  • Week 9: Off-Balance Sheet Financing and Risk Management
  • Week 10: Ownership Structures, Governance and Agency Dynamics
  • Week 11: Ethics, Governance Controls and Financial Accountability
  • Week 12: Applying Financial Decision Making in practice: case studies
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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