Chapter Name: Improve Strategic and Operational Goals Using Financial Analysis
Description:Teaches how to use financial analysis to refine and improve a business's strategic and operational goals, ensuring financial health and growth.
Purpuse:To ensure that financial data is used to make informed, data-driven decisions for improving business goals.
Rational:Financial analysis helps identify areas for improvement, guiding strategic decisions and optimizing business operations for growth and sustainability.
Chapter Assessment
Expected Supporting Evidence:
Portfolio of Evidence 1: Signed documentary evidence from supervisor / mentor for all required work activities such as logbooks and job instructions. - Signed documentary evidence provided by a supervisor or mentor verifying completion of all required work activities, including logbooks, job instructions, and other records that demonstrate skill development.
Workplace Activities
Activity 1: Improve Strategic and Operational Goals Using Financial Analysis
Use financial data and ratios to assess business viability and refine objectives for improved profitability and efficiency.