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
involvement with corporate governance and the resolution of ethical issues
company secretarial work, contract evaluations/negotiation

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, regional and payroll taxes collected by the employer
examination of transfer pricing issues

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 upon 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.