Financial Management Principles for Effective Financial Strategies

FINANCIAL MANAGEMENT

Table of Contents
INTRODUCTION...........................................................................................................................3
LO1. Apply different approaches used to support effective decision-making................................4
P1 Apply different formal and informal approaches used to support effective decision-making
.....................................................................................................................................................4
M1. Analyze formal and informal approaches applied to support decision-making addressing
both advantages and disadvantages.............................................................................................6
LO2. Analyze financial management principles which are used to support effective financial
strategies..........................................................................................................................................8
P2. Analyze the key financial management principles required by organizations to achieve
effective financial strategies for long term financial sustainability.............................................8
M2. Critically analyze the key financial management principles and their importance in
delivering effective financial strategies for long term financial sustainability..........................10
LO3. Evaluate the role of management accountants and accounting control systems..................11
P3. Evaluate the role of management accountants and their value as part of an integrated
system........................................................................................................................................11
P4. Evaluate the use of accounting control systems and their value as part of an integrated
business system..........................................................................................................................12
M3. Critically evaluate the role of management accountants and accounting control systems to
support a culture of ethical financial management....................................................................13
LO4. Evaluate ways in which financial decision-making supports sustainable performance.......14
P5. Evaluate the ways in which financial decision-making is important for supporting long
term financial sustainability.......................................................................................................14
M4. Critically evaluate how different ways of financial decision-making support long-term
financial sustainability...............................................................................................................15
CONCLUSION..............................................................................................................................17

REFERENCES..............................................................................................................................18

INTRODUCTION
All commercial activities directly or circularly are identified by the fund. Money prospects are
related to creation, promotion, purchase and so on. Financing problems are strongly identified
with purchasing, creation and presentation problems. In these way monetary issues are inevitable
in a sort of exercises all considered. The management of the financial statements includes all the
financial years that affect the size of future reserve flows and time options. The inventory,
between creation and promotion, highlights a similar capacity of the oil content in the operation
of a machine. There are some ongoing glimpses and the promotion of choices that do not fall
within the realm of money-related management, despite affecting assets.
This action report has two scenarios; The and B. In position A; introduces the notion of retention
of agents' books and administrative procedures which represent a dynamic approach and increase
execution for sustainable development. The other scenario includes a discussion of Tesco Plc's
annual report and, in addition to these various corporate assessment procedures; an audit of
stakeholders for the organization was conducted in this report. The campaign's long strategy
provides close proximity to the hardware to help determine options for methods, collections and
other deviation problems using a common understanding of all things considered.
The rationale clarifies the Council better by considering a number of other alternatives that are
being resolved that affect societies, for example a long-prudent approach to housing, a thick
vehicle and a push from the accessory supports remaining. It ensures that the parties, for
example, the effect of the level of expenditure / comfort on the resident, the risk and levels of
consistency and the powers of awakening for money are considered as the key features of these
decisions.