CMI Unit 706 Finance for Strategic Leaders
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.
About this course
The aim of this unit is to provide leaders with an understanding of the scope, complexity and role of Finance within an organisational context. Leaders will know how to critically assess methods for analysing financial data and information required to make strategic decisions. Ultimately, the aim of this unit is to equip leaders to be more confident in their understanding of the Finance function.
- Understand the scope of the Finance function within an organisational context
Understand the role of Finance in strategic decision making
1.1 Critically appraise how the Finance function supports organisational success
1.2 Discuss the scope, boundaries and governance of Finance within an organisational context
1.3 Critically assess current and emerging technological factors which impact on Finance
2.1 Critically assess how strategic decision making is informed by financial and cost analysis
2.2 Discuss approaches for legal and ethical financial reporting