PNBARU Finance Within the Context of An Organization Essay
1.Understand finance within the context of an organization
1.1 Describe the organisation’s sources of finance or funding
1.2 Analyse the range of financial stakeholders and explain their various expectations of the organisation
1.3 Explain the importance of cash flow forecasting and cash flow management to the organisation
1.4 Provide a general assessment of business/organisational performance using appropriate financial measures activity
2.Understand the value of recording financial management
2.1 Explain the role of financial performance indicators in monitoring the achievement of objectives
2.2 Explain the purposes of the main financial documents used within the organisation
3.Understand budgets for the management of own area of operation
3.1 Explain the process of budget setting used in the organisation
3.2 Explain how to use budgetary techniques to contribute to controlling cost in own area of operation
