This Advanced Level course enables students to demonstrate quantitative and qualitative skills, in order to make realistic business recommendations in complex scenarios. Business awareness will need to be demonstrated at strategic, operating and transactional levels. To achieve this aim, students will be required to use technical knowledge and professional judgement to apply appropriate models and to analyse data from multiple sources, including corporate reports, in order to evaluate alternatives and determine appropriate solutions.
On completion of this course students will be able to:
This module assumes and develops the knowledge and skills acquired in the Financial Accounting and Reporting module, the Business Strategy module and the Financial Management module. Background knowledge based upon the strategic elements of the Business Planning: Taxation and the Audit and Assurance module will also be required in evaluating the business and financial risks of reporting entities.
Ethical codes will be those issued by IESBA and the ICAEW. The ethical implications will be at both the organisational level and for individuals, particularly with respect to the accountant in business.
Method of assessment
The Strategic Business Management module will be assessed via a computer-based assessment of 3.5 hours. Each exam will contain questions requiring integration of knowledge and skills, including ethics. Students will be allowed to take any written or printed material into the exam , subject to practical space restriction. The exam will consist of two questions, and ethical issues and problems could appear in either question.
Each ICAEW Advanced classroom course will comprise a teaching phase, followed by a revision phase culminating in a timed final mock exam that is marked with detailed individual feedback.
All course materials will be provided, including ICAEW mandatory materials and Vale FT course notes.