1. Understand the purpose of financial management within an organisation
Knowledge and Understanding

2. Know how to set a budget
Knowledge and Understanding
Application

3. Know how to manage a budget
Knowledge and Understanding
Problem Solving

4. Understand methods of financial forecasting
Knowledge and Understanding
Application

Finance Workbook 50% Completion of workbook
ILM Scenario Based Assessment 50% 1500 words

Students will complete the workbook throughout the course of the module study. The workbook covers all Learning Outcomes.

Students will complete the Scenario Based Assessment by submission of a Report at the end of module delivery. The Scenario Based Assessment covers all Learning Outcomes.

audits
Governance and compliance
Budget challenges and negotiation
External and internal information to inform budget planning
Recognising and minimising risks to budgets
Interpreting budget information
Monitoring variance to actual financial performance against the set budget
Content, format and style of budgets
Key components of financial forecasting

Students will attend weekly webinars in our virtual classroom within Blackboard Collaborate. They will additionally have access to the ILM workbook for the ILM Unit 509 Finance, which will be completed throughout the duration of the module delivery. Discussion forums and journal areas of blackboard will be used to engage students in independent learning activities.

Wyatt, Nigel (2012). Budgeting and Forecasting How to Deliver Accurate Numbers. Financial Times Essential Guides – Pearson: Harlow
Secrett, Malcolm (2010). Brilliant Budgets and Forecasts Your practical guide to preparing and presenting financial information. Pearson: Harlow

Virtual Learning Environment - Blackboard
Online Library
ILM resources (membership included in their course)