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IM302 An Introduction to Finance (F/617/5538) Assignment Brief 2026
| University | Qualifi Ltd |
| Subject | IM302 An Introduction to Finance (F/617/5538) |
IM302 Assignment Brief
| Qualification | QUALIFI Level 3 Diploma in in Introduction to Management 603/4373/4 |
|---|---|
| Unit Code | IM302 |
| Unit Title | An Introduction to Finance |
| Unit Reference | F/617/5538 |
| Credits | 10 |
| TQT | 100 |
| GLH | 75 |
Assignment Aim
This unit introduces learners to practical accounting and financial reporting techniques used by managers in business organisations.
Learning Outcomes and Assignment Criteria
| Learning Outcomes. To achieve this unit a learner must be able to: | Assessment Criteria: Assessment of these outcomes demonstrates a learner can: | ||
| 1. | Understand the requirements for financial recording and reporting | 1.1 | Explain the purpose and value of systematic financial recording |
| 1.2 | Analyse techniques used for recording financial information | ||
| 1.3 | Analyse legal requirements for financial reporting | ||
| 2. | Understand accounting techniques | 2.1 | Explain the difference between management and financial accounting |
| 2.2 | Explain the budgetary control process | ||
| 3. | Understand the preparation and format of financial statements | 3.1 | Describe financial statements used in accounting |
| 3.2 | Compare the format of financial statements | ||
| 3.3 | Analyse the content of each type of statement | ||
| 4. | Know how to interpret financial information | 4.1 | Explain the need to interpret the information contained within each statement |
| 4.2 | Evaluate financial information using appropriate ratio analysis | ||
Indicative Content
Understand the requirements for financial recording and reporting
- Purpose of financial records
- Legal requirements
- Internal control requirements
Understand accounting techniques
- Management and financial accounts
- Financial recording methods – bookkeeping, double entry
- Information required by managers
- Purpose and content of budgets
- Cash flow forecasts
Understand the preparation and format of financial statements
- The financial statements – statement of financial position, statement of income, cash flow statement, notes to accounts Users/stakeholders
- Usefulness of financial statements
Understand how to interpret financial information
- Purpose of ratio analysis
- Benchmarks
- Liquidity ratios
- Profitability ratios
- Investment ratios
- Limitations of ratio analysis
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