Financial Decision Making for Managers
This Level 6 Award is designed for managers who need to make informed financial decisions to drive business growth and profitability.
Developed for those with some management experience, this award focuses on financial analysis, budgeting, and forecasting.
Some key areas of study include: financial planning, risk management, and performance measurement.
By the end of this award, learners will be able to analyze financial data, create budgets, and make informed decisions to drive business success.
Take the first step towards becoming a confident financial decision maker and explore this Level 6 Award today.
Benefits of studying Level 6 Award in Financial Decision Making for Managers
Level 6 Award in Financial Decision Making for Managers holds significant importance in today's market, particularly in the UK. According to a survey by the Chartered Institute of Management Accountants (CIMA), 75% of UK businesses believe that financial decision-making skills are essential for their success. Moreover, a report by the Institute of Chartered Accountants in England and Wales (ICAEW) states that 60% of UK companies are looking to upskill their finance teams to improve financial decision-making.
| Year |
Number of Businesses |
| 2015 |
55% |
| 2016 |
62% |
| 2017 |
70% |
| 2018 |
75% |
| 2019 |
80% |
| 2020 |
85% |
Learn keyfacts about Level 6 Award in Financial Decision Making for Managers
The Level 6 Award in Financial Decision Making for Managers is a professional development program designed to equip managers with the necessary skills to make informed financial decisions.
This award is ideal for those who want to enhance their financial management skills and contribute to the success of their organization.
The program focuses on developing the knowledge and skills required to analyze financial data, create budgets, and make strategic financial decisions.
Learning outcomes of the award include understanding financial management principles, analyzing financial data, and developing effective financial plans.
The duration of the award is typically 12 months, with a combination of online and face-to-face learning sessions.
The award is highly relevant to the finance and management industries, as it provides managers with the skills to drive business growth and improve financial performance.
The Level 6 Award in Financial Decision Making for Managers is recognized by the Chartered Institute of Management Accountants (CIMA) and is a valuable addition to any manager's professional development portfolio.
The award is suitable for managers in various industries, including finance, retail, and manufacturing, who want to enhance their financial management skills and contribute to the success of their organization.
By completing the award, managers can demonstrate their expertise in financial decision making and take on more senior roles within their organization.
The award is also a stepping stone for those who want to pursue a career in finance or management, providing a solid foundation in financial management principles and practices.
Who is Level 6 Award in Financial Decision Making for Managers for?
| Ideal Audience for Level 6 Award in Financial Decision Making for Managers |
This award is designed for UK-based managers and leaders in various industries, particularly those in the public, private, and voluntary sectors, who are responsible for making financial decisions that impact their organizations' performance and profitability. |
| Key Characteristics |
Prospective learners should possess a good understanding of financial concepts, including budgeting, forecasting, and financial analysis. They should also have experience in managing budgets, making financial decisions, and leading teams. |
| Industry and Job Roles |
The award is suitable for managers and leaders in various industries, including finance, accounting, human resources, marketing, and operations. Job roles that may benefit from this award include financial managers, departmental managers, team leaders, and directors. |
| Learning Outcomes |
Upon completing the Level 6 Award in Financial Decision Making for Managers, learners will be able to demonstrate their ability to make informed financial decisions, manage budgets, and lead teams effectively. This award is designed to enhance their knowledge and skills in financial management, enabling them to drive business growth and improvement. |