HRMI EDEXCEL Level 7 Unit 13: Managing Finance Assignment

This report is a comprehensive solution to an HRMI EDEXCEL Level 7 assignment focusing on managing financial principles and techniques. The assignment covers various aspects of finance, including the importance of costs in pricing strategies, design of costing systems, and proposing improvements to costing and pricing systems. It explores the application of forecasting techniques for cost and revenue decisions, assessment of funding sources, and selection of budgetary targets. The report demonstrates participation in the creation of a master budget, comparison of actual expenditure to the budget, and recommendations for managing cost reductions. Furthermore, it evaluates activity-based costing, applies financial appraisal methods to investment projects, and analyzes financial statements using ratios to improve the quality of financial information, and finally makes recommendations on the strategic portfolio of an organization. The report uses Serco Metlabs as a case study and includes references to support its analysis.