Business acumen is more than finance, but financial literacy is a good place to start. Financial literacy will help determine challenges and questions before seeking answers, and a grasp of finance metrics and language will help raise risk professional’s credibility with finance peers. This module will not turn the risk professional into a finance professional, but it will provide signposts for relevant further finance-related learning.
This module will include:
• Key roles of business finance.
• Uncertainties and instabilities in the business environment.
• Taking account of what’s not in our control – external macroeconomic impacts.
• Why organisations should have a budget and how they should go about budgeting.
• Statistical and non-statistical techniques to improve accuracy and reduce guesswork.
• Capital investment and project budgetary and risk considerations.
• Global and UK economic forecasts impacting business.