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UNIT CMI 706: Designed to enable leaders to evidence their understanding of the scope, complexity and role of Finance within an organisational context: Finance for Strategic Leaders, Report, UK
| University | Chartered Management Institute (CMI) |
| Subject | UNIT CMI 706: Finance for Strategic Leaders |
INTRODUCING ASSESSMENT BRIEF CMI 706
Practicing leaders must have an understanding of the Finance function to be an effective decision maker within their role. Finance impacts on all aspects of an organisation and has a profound influence on the development and achievement of strategic objectives.
Assessment brief CMI 706 has been designed to enable leaders to evidence their understanding of the scope, complexity and role of Finance within an organisational context. They will develop an understanding of how Finance impacts on strategic decision making.
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TASK 1
You are required to write a report entitled:
‘The scope of the Finance function within an organisational context’
The report must include well-chosen examples and be based on an organisation you know well or have researched. It must be presented in THREE (3) sections:
( i.) The Finance function role in supporting organisational success
You are required to critically appraise how the Finance function supports organisational success (AC1.1)
(ii) The scope, boundaries and governance of Finance within an organisational context
You are required to discuss the scope, boundaries and governance of Finance within your chosen organisational context. You much include reference to relevant legal and regulatory frameworks. (AC1.2)
(iii) Technological impact on Finance
You are required to critically assess a minimum of THREE (3) current and emerging technological factors which impact on Finance in an organisational context. (AC1.3)
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2a Written report
entitled:
‘The role of Finance in strategic decision
LO2 Understand the role of Finance in strategic decision making
2.1 Critically assess how strategic decision making is informed by financial and cost analysis making’
2b ‘Approaches to legal and ethical financial reporting’
2.2 Discuss approaches for legal and ethical financial reporting
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