This unit standard is intended for managers in all economic sectors. These managers would typically be second level managers such as heads of department, section heads or divisional heads, who may have more than one team reporting to them. The qualifying learner is capable of:
Using mathematical techniques to collect and organise data.
Applying mathematical analysis to calculate and represent financial and economic data.
Applying mathematical analysis to indicate economic relationships.
Demonstrating an understanding of the key concepts of managerial finance.
Interpreting financial statements.
Drafting financial forecasts.
Drafting budgets according to operational plans of the unit.
Supervising the financial management of a unit against given requirements.
This unit standard equips learners with the ability to use mathematical techniques to collect, analyse, and present financial and economic data, and to interpret the relationships between economic factors.
This unit standard enables learners to understand and apply managerial finance principles, interpret financial statements, prepare budgets and forecasts, and oversee financial performance in line with operational plans.
In the Financial Management course, English Literacy is essential for interpreting policies and regulations, analysing financial reports, and communicating insights to stakeholders. Strong language skills enable accurate budgeting documentation, clear variance explanations, and precise reporting for audit and compliance purposes.