E2 Manage finance for your area of responsibility
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Email a friendUNIT E2 - Manage finance for your area of responsibility
This unit is about managing finance in order to achieve the stated objectives for your area of responsibility. It involves developing and agreeing a master budget for your area and using this to monitor evaluate and control performance and take action to deal with identified variances.
Delegating responsibility for budgets for clearly defined activities is a key aspect of this unit.
The ‘area of responsibility’ may be, for example, a branch or department or functional area or an operating site within an organisation.
This unit is about managing finance in order to achieve the stated objectives for your area of responsibility. It involves developing and agreeing a master budget for your area and using this to monitor evaluate and control performance and take action to deal with identified variances.
Delegating responsibility for budgets for clearly defined activities is a key aspect of this unit.
The ‘area of responsibility’ may be, for example, a branch or department or functional area or an operating site within an organisation.