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Be able to manage a budget in own area of responsibility

Unit 21: Implement financial procedures in active leisure

Unit reference number: L/503/0864
QCF level: 3
Credit value: 3
Guided learning hours: 15

Unit summary

This unit assesses the competence required to implement financial procedures in an active leisure context.

Assessment requirements/evidence requirements

Learning outcomes 1 and 2

Evidence of performance in the workplace on more than one occasion. There should be a combination of at least two of the following:

  • testimony of others (for example line manager)
  • products of work (for example notes of team meetings, emails communicating budgets to team members, budgets, budgetary reports, financial records)
  • reflective account. Simulations are not allowed

Assessment methodology

This unit is assessed in the workplace or in conditions resembling the workplace. Learners can enter the types of evidence they are presenting for assessment and the submission date against each assessment criterion.

Alternatively, centre documentation should be used to record this information.

Learning outcomes and assessment criteria

Learning outcomes

Assessment criteria

Evidence type

Portfolio reference

Date

1.            Be able to manage a budget in own area of responsibility

Prepare financial estimates for own area of responsibility

Communicate financial estimates to decision makers following organisational procedures

Agree a budget for own area of responsibility with decision makers

Communicate agreed budget to relevant team members

Monitor and maintain expenditure within agreed limits, making a case for additional finances, where necessary, to decision makers

Prepare budgetary reports according to organisational procedures

 

 

 

2.            Be able to follow financial procedures for own area of responsibility

Follow organisational procedures for:

cash handling and reconciliation

ordering supplies and services

payment authorisation and purchase ledger

petty cash

accounts and records

 

 

 


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