What does this skill involve?
Activities may include but are not limited to:
- Financial management, control, and stewardship of assets and resources
- Budgeting, forecasting, and accounting for financial resources
- Defining charging models for the provision of services
- Applying accounting standards and policies and ensuring compliance with governance, legal and regulatory requirements
Skill levels
Level 2 - Assist
Records personal expenses for reimbursement. Is responsible for ensuring money is accounted for within cash sales.
Level 3 - Apply
Keeps accurate track of business expenses, invoices and income to agreed standards. Reconciles records against bank accounts.
Level 4 - Enable
Monitors and maintains financial records to agreed requirements for compliance and audit. Assists with identifying and calculating process, service, project and component costs for financial planning and budgeting. Collates required financial data and reports for analysis and to facilitate decision-making.
Level 5 - Ensure, Advise
Supports senior managers by developing financial plans and forecasts. Monitors and manages expenditure and examines areas where budgets and expenditure exceed agreed tolerances. Analyses actual expenditure, examines variances, and advises on options in the use of available budget.
Level 6 - Initiate, Influence
Develops policies for financial management. Promotes commercial awareness and drives adoption of and adherence to financial management policies and standards. Sets financial budgets and targets. Leads activities to analyse financial performance and instigates required improvements in the use of available budget to meet real needs.
Level 7 - Set strategy, Inspire, Mobilise
Ensures financial management meets policy and regulatory standards.
Courses related to this skill
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VerifiedFarming business foundation
by UdemyThis course teaches you how to start a farming business and to finance farm operations. It also includes discussions on energy-efficient use of fertilizer and other nutrients in farming, provides you with tips for successful farming; from crop selection to harvesting and the ways Africa can raise farm productivity and boost growth.
Online, Self-study 
3 hours 30 minutes 
English VerifiedNational certificate: Plant production
by International Agricultural Academy for Africa (i3A)In this course you will focus on the supervision of operational crop & horticultural production activities. This qualification enables you to oversee agri-business and agrarian practices as a supervisor in plant production.
Online along with hands-on training on a local farm, Online/blended training 12 months English
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