Highlights
Scenario
Learners may use their own employment context, or that of another organisation with which they are very familiar, to base their assignment. However, in the case that they are not able to do so, please use the below scenario:-
You are a senior manager in a business unit of a medium sized enterprise, with functional management and organisational leadership responsibilities. You have responsibility for all aspects of the performance management of your team and its contribution towards the achievement of business goals.
Please select and research an organisation of your choice to identify its approach to performance management.
Task 1:
Select an organisation you have worked for or know well obtain the latest copy of their published financial accounts. These will normally contain three financial documents:
- A balance sheet
- A profit /Loss statement
- A source and application of funds
Based on these accounts explicitly address each of the following assessment criteria:
1.1 Determine what financial information is needed and assess its validity
1.2 Analyse different financial documents and information and formulate conclusions about financial performance levels and needs of stakeholders
1.3 Conduct comparative analysis of financial information and data
1.4 Critically review and question financial information and data
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