Qualifi Level 7 Diploma in Unit 703 Finance for Managers Assignment Brief 2026

Unit 703 Assignment Brief

Qualifi Level 7 Diploma in Strategic Management and Leadership

Unit 703: Finance for Managers

Unit code: D/506/9071

RQF level: 7

Aim

This unit is geared towards supporting learners in understanding and using financial information and data. This unit is important to learners as it supports decision making.

Learning Outcomes And Assessment Criteria

Indicative Content

• Context: Financial Accounting and Management Accounting
• Basic accounting concepts, e.g. profit, cash, matching
• Difference between capital & revenue, sources of financial & cost data
• Financial Analysis
• Budgeting and cash flows
• Costing methods and overhead allocations
• Return on Investment calculations
• The role of depreciation
• Cost / profit centres and allocating costs
• Analysis of financial data, cost benefit analysis
• Lean Methods and Lean accounting
• The difference between data and information
• Sources of data and information

Learners will further be introduced to, and encouraged to discuss, some of the management models, concepts and ideas that could be used to help them set departmental, project, team and their own objectives.

Core Texts

There are two sets of core text: one to support UK accounting rules and treatment of depreciation and tax. And the second to support US accounting rules and treatment of depreciation and tax

Core Text (US)

• Horngren’s Financial & Managerial Accounting, The Managerial Chapters and The Financial Chapters, Global Edition, 5th Edition
• Introduction to Management Accounting Global Edition, 16th Edition, Charles Horngren, Gary Sundem, William Stratton, Dave Burgstahler, Jeff Schatzberg, Feb 2013,

Core Tex (UK)

• Introduction to bookkeeping and accounting Kindle Edition, by The Open University
• Accounting Paperback – 5 Apr 2013, by Michael J. Jones. This includes students on both accounting and non–accounting degrees and also MBA students.

Suggested Resources (US)

• Financial Accounting Standards Board
• American Institute of Certified Public Accountants
• International Accounting Standards Board
• International Financial Reporting Standards
• http://aaajournals.org/doi/full/10.2308/accr-10297

Suggested Resources (UK)

• http://www.accaglobal.com/uk/en.html
• http://www.aca.org.uk/
• https://www.cipfa.org/

http://www.icaew.com/en/about-icaew/what-is-chartered-accountancy/major-accountancy- bodies