budget accountabilities for implementation and management
Discuss with the finance specialist the aspects of your budgets / financial plans (the package)
Have your package reviewed, ensuring your validate your reasons and proposals
Amend / revise your package as appropriate You must now:
Detail in writing all delegations and budget accountabilities for implementation and management of your package
Develop a written procedure that details the recording systems and documentation process you will follow for monitoring and controlling all activities against your plans.
Develop a risk management and contingency plan for all your proposed financial plans; along with a policy and procedure to be followed when implementing these plans
Develop a policy and procedure that outlines proper maintenance of records of financial performance and provides for evaluation of the effectiveness of your financial management process
The trainer/assessor will be available to role play were required for this assessment
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