Supplementary experience
Experience gained in this area might include responsibility for research, analysis and evaluation of activities, assisting with activities or contributing as part of a team. Examples of suitable experience include:
3a Financial strategy
- identifying the organisation’s funding position, future funding requirements, costs and sources of funds, options for investment, cost of capital and leasing decisions
- contributing to longer-term balance sheet and capital structure management
- involvement with distribution of earnings policy
3b Corporate finance
- involvement with company acquisitions, disposals, management buy-outs or buy-ins and corporate restructuring
- involvement with takeovers of public companies and defence against unwelcome bids
3c Treasury management
- negotiation and management of bank accounts and loan facilities
- management of foreign exchange and currency exposure
- dealing with export finance (for example, documentary credits, bills of exchange)
- valuation of financial instruments
3d Taxation
- establishing the organisation’s liability for corporation tax and other obligations to revenue authorities (for example, VAT in the UK)
- establishing, planning and applying the impact of other taxes and charges such as sales taxes, regional taxes and employee taxes and state insurances collected by the employer
3e Business evaluation and appraisal
- review of other organisations’ performance based on published accounts and other available information: for example, competitor review, potential investment or customer creditworthiness
- review of subsidiary or associated company performance
3f Business strategy
Contributing to the establishment of the organisation’s long-term business objectives, for example:
- identifying and evaluating external factors which may impact on the organisation
- identifying and appraising the organisation’s skills and resources
- identifying and defining business options; evaluating these options, performing risk assessments and recommending strategies for adoption
- analysing the economic impact of environmental change on the organisation
- analysing market and competitive developments in relation to marketing strategy
- advising managers on critical economic and financial developments
- contributing to the development of the organisation’s information systems strategy as a complement to its business strategy
3g External relationships
- dealing with the organisation’s customers, suppliers, external advisers, auditors, bankers and investors
- dealing with representative bodies and trade associations (for example, CBI, ABPI, Chambers of Commerce), government departments and other regulatory authorities, stock exchange and receivers or administrators
Please see the Practical Experience Requirements brochure (PDF 318KB) for more information.
