Level 5 Supply Chain and Operations Management - Finance Management - Institute of Supply Chain Management
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Level 5 Supply Chain and Operations Management – Finance Management

10 Unit Credit Values

  • Costing Information: Costing information from various sources; Purpose and Structure of financial reporting systems; External environment related costs; Income and Expenditure within different business departments; Cost, Profit and Investment Centres; Material, Labour and Expenses; Fixed, Variable, Semi-variable and Stepped costs ; Income and Expenditure Reconciliation; Inter-departmental Transactions
  • Standard Costing and Performance: Standard Costing Inputs and Outputs; Standard, Marginal and Absorption costing; Calculating Variances; Comparing Costs
  • Techniques Used to Measure Performance and Manage Costs: How to monitor financial performance; Key Business Indicators; Calculate performance indicators; Cost Management Techniques; Capital Investment projects
  • Estimation Techniques: Analyse and Compare trends; Interpret results; Financial Reports; Exception Reports; Performance Reports

The above is the unit content for the Finance Management unit found in the Level 5 qualification. To view more units, click here and select the “Units” tab

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