ILM Level 5 Unit – Making a Financial Case

Who is the course for?

This ILM Level 5 Unit is designed for middle managers, helping them to develop their skills and experience and prepare for senior management responsibilities.

The ILM (Institute of Leadership & Management) recognises that all organisations are different; their qualifications are designed with the in-built flexibility to adapt to meet employers’ diverse staff development needs. The unique unit-based qualifications structure gives employers the freedom to select from an array of optional units, to build programmes that deliver the specific skills and knowledge required from their colleagues.

Benefits for individuals

• Use core management techniques to drive better results
• Develop your ability to lead, motivate and inspire
• Provide strategic leadership as well as day-to-day management
• Benchmark your managerial skills
• Raise your profile in your organisation.

Benefits for employers

• Encourage strategic thinking at this level of management, to foster business improvement
• Engage middle managers with training and development – this qualification is designed to provide clear, measurable benefits to career-minded professionals
• Customise this qualification to your development needs.

What will I study?

By undertaking this unit, students will better understand the following:

1. Financial concepts used to inform management decisions

• Nature of revenue costs and capital expenditure
• Costs of products and services and costing techniques
• Break-even analysis
• Concept and application of marginal cost
• Concept and application of standard cost
• Allocating costs
• Relevant costs in decision-making
• Costing systems
• Techniques to reduce costs
• Activity Based Costing
• Budgetary Control and Variance Analysis
• Financial evaluation techniques such as Payback, IRR, DCF, NPV, ROCE, CBA

2. Be able to make a financial case to inform a management decision

• Factors in considering and recommending revenue expenditure, including make/buy and/or employ/subcontract decisions
• Effective methods to present financial information to support recommendations

How will the course be delivered?

Classroom based sessions alongside other members of the group.

Course Entry Requirements

Candidates would normally have completed the ILM Level 3 Certificate in Leadership & Management and/or be employed in a managerial role. An informal discussion with the Programme Leader is recommended to ensure that the qualification meets individual needs.

The college operates a no refunds policy as detailed below. Cancellations and transfer requests are subject to the following conditions:

• More than 4 weeks notice – no charge
• 4 weeks notice – 30% of the cost
• 2-3 weeks notice – 50% of the cost
• 1-2 weeks notice – 75% of the cost
• Less than 1 weeks notice – 100% of the cost

All cancellations must be made in writing and are subject to a £10 administration charge. The full fee’s policy is available on request.

What will I get at the end of the course?

ILM Level 5 Unit – Making a Financial Case

What can I do next?

See our other ILM courses available on our website here or contact us.

How much does it cost?

The course fee is only £395.00 per delegate including 6 months trial studying membership of the ILM, Tuition, Registration, Assessment and Certification fees.