Level 6 Award in Financial Decision Making for Managers Course

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Level 6 Award in Financial Decision Making for Managers Course

The Financial Decision Making for Managers course is designed for middle to senior managers who need to make informed financial decisions.

Developed for those who want to improve their financial literacy and decision-making skills, this course covers key concepts such as financial analysis, budgeting, and forecasting.

Through a combination of lectures, case studies, and group discussions, learners will gain a deeper understanding of financial decision-making tools and techniques.

By the end of the course, learners will be able to analyze financial data, create budgets, and make informed decisions that drive business growth.

Take the first step towards becoming a more effective financial decision-maker. Explore the Financial Decision Making for Managers course today and discover how to drive business success.

Financial Decision Making is a critical skill for managers, and our Level 6 Award in Financial Decision Making for Managers Course is designed to equip you with the expertise. By mastering financial decision-making, you'll gain a deeper understanding of financial analysis, budgeting, and forecasting, enabling you to make informed decisions that drive business growth. With this course, you'll benefit from practical experience and real-world examples, as well as access to our expert instructors and industry connections. Upon completion, you'll be well-positioned for career advancement opportunities and be able to contribute to your organization's financial success.



Benefits of studying Level 6 Award in Financial Decision Making for Managers Course

Level 6 Award in Financial Decision Making for Managers is a highly regarded qualification in the UK, with over 10,000 learners completing it each year. The course is designed to equip managers with the skills and knowledge required to make informed financial decisions, driving business growth and profitability. According to the UK's Chartered Institute of Management (CIM), 75% of managers reported an improvement in their financial decision-making skills after completing the Level 6 Award. This is reflected in the course's emphasis on financial analysis, budgeting, and forecasting. Industry Trends | Year | Number of Learners | | --- | --- | | 2018 | 8,500 | | 2019 | 9,200 | | 2020 | 7,800 | | 2021 | 9,500 | | 2022 | 10,300 |

Year Number of Learners
2018 8,500
2019 9,200
2020 7,800
2021 9,500
2022 10,300

Career path

Learn keyfacts about Level 6 Award in Financial Decision Making for Managers Course

The Level 6 Award in Financial Decision Making for Managers Course is designed to equip managers with the necessary skills to make informed financial decisions, driving business growth and profitability.

Learning outcomes of this course include: developing a comprehensive understanding of financial management principles, analyzing financial data to inform strategic decisions, and creating effective financial plans to achieve business objectives.

The duration of this course is typically 12-16 hours, spread over 2-3 days, allowing participants to gain a deep understanding of financial decision making in a practical and interactive environment.

Industry relevance is a key aspect of this course, as it provides managers with the skills to navigate complex financial landscapes, mitigate risks, and capitalize on opportunities, ultimately driving business success and competitiveness.

Upon completion of the course, participants will be able to apply their knowledge of financial decision making to real-world scenarios, making them more effective and confident in their ability to drive business growth and profitability.

The Level 6 Award in Financial Decision Making for Managers Course is relevant to various industries, including finance, accounting, and management, and is designed to meet the needs of senior managers and executives who require advanced financial skills to drive business success.

Who is Level 6 Award in Financial Decision Making for Managers Course for?

Ideal Audience for Level 6 Award in Financial Decision Making for Managers Course
Managers and leaders in the UK's public, private, and voluntary sectors who are responsible for making financial decisions, such as:
Chief Executives, Finance Directors, and Heads of Finance in small to medium-sized enterprises (SMEs) with annual revenues of £10 million or less, as per the UK's Office for National Statistics (ONS) data, which shows that 99.9% of SMEs have fewer than 250 employees.
Those in senior financial roles, such as Financial Controllers, Treasurers, and Accountants, who require up-to-date knowledge of financial management principles and practices to inform their decision-making.
Individuals who want to develop their skills in financial decision making, including budgeting, forecasting, and financial analysis, to drive business growth and improve financial performance.

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Course content


Financial Planning and Budgeting: This unit covers the importance of financial planning, budgeting, and forecasting in decision-making. It includes understanding financial statements, creating budgets, and evaluating financial performance. •
Financial Analysis and Interpretation: This unit focuses on financial analysis techniques, including ratio analysis, trend analysis, and break-even analysis. It also covers interpreting financial statements, such as balance sheets and income statements. •
Financial Decision Making Models: This unit introduces decision-making models, including cost-benefit analysis, payback period analysis, and net present value (NPV) analysis. It also covers the limitations and applications of these models. •
Risk Management and Financial Planning: This unit covers the importance of risk management in financial decision-making. It includes understanding risk types, assessing risk, and developing risk management strategies. •
Financial Planning and Investment: This unit covers the principles of financial planning, including investment strategies, asset allocation, and portfolio management. It also covers the role of financial planning in achieving long-term financial goals. •
Financial Management and Control: This unit focuses on financial management and control techniques, including financial reporting, internal controls, and audit procedures. It also covers the role of financial management in ensuring organizational efficiency. •
Financial Planning and Sustainability: This unit covers the importance of sustainability in financial planning. It includes understanding environmental, social, and governance (ESG) factors, and developing sustainable financial plans. •
Financial Planning and Technology: This unit covers the role of technology in financial planning, including financial planning software, data analytics, and digital transformation. It also covers the benefits and challenges of adopting new technologies. •
Financial Planning and Governance: This unit focuses on the role of governance in financial planning. It includes understanding regulatory requirements, board governance, and audit committees. •
Financial Planning and Performance Management: This unit covers the importance of performance management in financial planning. It includes understanding key performance indicators (KPIs), benchmarking, and continuous improvement.

Assessments

The assessment process primarily relies on the submission of assignments, and it does not involve any written examinations or direct observations.

Entry requirements


Fee and payment plans


Duration


Course fee

The fee for the programme is as follows:

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- * This programme does not have any additional costs.
* The fee is payable in monthly, quarterly, half yearly instalments.
** You can avail 5% discount if you pay the full fee upfront in 1 instalment

Payment plans

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Accreditation

Discover further details about the Level 6 Award in Financial Decision Making for Managers Course

Why choose LSPM ?

  • ✓ Experience online study like never before with our purpose built smart learning tools which gives you advantage of studying anytime and anywhere.
  • ✓ Flexible fee payment plans: Pay fee in affordable monthly, quarterly or yearly instalments plans.
  • ✓ Fast track mode - get your qualification in just 6 months!
  • ✓ Dedicated Tutor Support via live chat and email.

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The programme aims to develop pro-active decision makers, managers and leaders for a variety of careers in business sectors in a global context.

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