2.2 Explain how an organisation’s financial management systems impact on the responsibilities and accountability of a manager

Qualification: Level 4 Certificate in Principles of Leadership and Management for Adult Care (RQF)
Unit: Unit 12: Resource Management in Adult Care
Learning outcome: 2 Understand financial management arrangements
Assessment criteria: 2.2 Explain how an organisation’s financial management systems impact on the responsibilities and accountability of a manager

• An organisation’s financial management systems are used to record the income and expenditure of the organisation and support forecasting and budgeting
• This links to the responsibilities and accountabilities of a manager because it has a record of how they have decided to spend the money that they have been allocated
• Therefore poor Financial Management can be easily identified and the manager held to account for it
• Similarly good Financial Management can be recognised