Page 297 - SBL Integrated Workbook STUDENT 2018

Chapter 23

Financial decision making

Outcome

By the end of this session you should be able to:

 explain the relationship between an organisation's financial objectives and its
business strategy

 discuss how advances in information technology has transformed the finance
function and the role of the finance professional

 evaluate alternative structures for the finance function using business
partnering, outsourcing and shared or global business services

 determine the overall investment requirements of a business

 assess the suitability, feasibility and acceptability of alternative sources of short
and long term finance available to the organisation to support strategy and
operations

 discuss from a strategic perspective, the continuing need for effective cost
management and control systems within organisations

 evaluate strategic options using marginal and relevant costing techniques

 review and justify on decisions to select or abandon competing investments or
projects applying suitable investment appraisal techniques

 justify strategic and operational decisions taking into account risk and
uncertainty

 assess the broad financial reporting and tax implications of taking alternative
strategic or investment decisions

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