- Explain the importance of costs in the pricing strategy of an organization
- Design a costing system for use within an organization
- Propose improvements to the costing and pricing systems used by an organization
- Be able to apply forecasting techniques to obtain information for decision making
- apply forecasting techniques to make cost and revenue decisions in an organization
- assess the sources of funds available to an organization for a specific project
- Be able to participate in the budgetary process of an organization
- select appropriate budgetary targets for an organization
- participate in the creation of a master budget for an organization
- compare actual expenditure and income to the master budget of an organization
- evaluate budgetary monitoring processes in an organization
- Be able to recommend cost reduction and management processes for an organization
- recommend processes that could manage cost reduction in an organization
- evaluate the potential for the use of activity-based costing
- Be able to use financial appraisal techniques to make strategic investment decisions for an organization
- apply financial appraisal methods to analyze competing investment projects in the public and private sector
- make a justified strategic investment decision for an organization using relevant financial information
- report on the appropriateness of a strategic investment decision using information from a post-audit appraisal
- Be able to interpret financial statements for planning and decision making
- analyze financial statements to assess the financial viability of an organization
- apply financial ratios to improve the quality of financial information in an organization’s financial statements
- make recommendations on the strategic portfolio of an organization based on its financial information
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