Unit Overview:
To develop understanding and ability to be able to make a financial case as required by a practising or potential middle manager.
Task Overview:
The purpose of this unit is to develop understanding and ability to be able to make a financial case as required by a practising or potential middle manager.
Assignment Structure:An ILM Assessment Task provides an opportunity to relate your learning directly to your current organisation.It is recommended that you discuss the assignment with your line manager to explore and agree how the task could be used to support the needs of your employer (as well as evidencing your learning as part of completing your ILM qualification).
If you are not currently working within an organisation, then you may complete this task in relation to an organisation with which you are familiar. This could include experience working in a voluntary capacity
The nominal word count for this assignment is 2500 words: The suggested range is between 2000 and 3000 words, however individuals have different writing styles, and there is no penalty if the word-count range is exceeded.
Assessment Criteria:
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Understand financial concepts used to inform management decisions
Provide an account of the practices associated with capital and revenue expenditure, together with correct and appropriate examples, that explains the differences between the two. You are then required to provide reasons, with correct and appropriate examples, to explain how costs are classified and allocated.
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Be able to make a financial case to inform a management decision Use a range of appropriate financial evaluation techniques to inform a management decision.
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Declaration: By submitting this assignment, you confirm that the work is your own.
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