Finance and risk management

LEVEL:	5
UNIT STANDARDS:	252025 ; 252036 ; 252040
CREDITS:	22
OUTCOMES: Demonstrate an understanding of potential risks to a unit. Identify potential risks and assess the impact thereof in a unit. Develop contingency plans for managing risk. Test and revise contingency plans. Use mathematical techniques to collect and organise data Apply mathematical techniques to calculate and represent financial and economic data. Apply mathematical analysis to indicate economic relationships. Demonstrate an understanding of the key concepts of managerial finance. Interpret financial statements. Describe and prepare financial forecasts. Draft budgets according to the operational plan of the unit. Supervise financial management of a unit against given requirements.