Role of a senior finance management executive

In this lesson

1. 0:00 Role and responsibility of senior finance executives
2. 0:29 Types of organisations and their structures
3. 2:08 Shareholder wealth maximisation objective
4. 3:36 Mission statements to targets framework
5. 5:05 Resource constraints and ethical boundaries
6. 6:43 SMART objectives and KPIs
7. 8:03 Policy frameworks and governance
8. 9:45 Public sector and charity objectives
9. 11:05 Value for money and the three Es

About this lesson

This lesson covers the core responsibilities of finance leaders across different organisation types—private companies, public sector bodies, and charities—and explains how financial strategy connects to shareholder wealth maximisation. You'll explore how objectives are set and cascaded through the organisation, from mission statements down to measurable key performance indicators, and discover how behavioural finance influences decision-making. The lesson also introduces value for money assessment, a critical framework for evaluating performance in not-for-profit and public sector organisations. By the end, you'll understand the strategic role finance executives play in resource allocation, decision-making frameworks, and balancing multiple stakeholder interests. This foundational knowledge is essential for the E2 Managing Performance paper and builds directly into advanced strategic thinking required across CIMA qualifications.

Duration: 13m