M&LE2 Manage finance for your area of responsibility Evidence Requirements Knowledge and Understanding Evidence of Performance Criteria: PC Behaviours possible examples of evidence Industry Context General specific specific Budgets for your area of responsibility that you have developed or: notes, minutes or other records of meetings with other managers and subordinates in which you have agreed the objectives and criteria for 1, 2, 3, 4, 6, 7, 8, 1, 2, 3, 4, 5, 6, 1, 2, 3, 4, 5, 6, 1, 2 developing and agreeing a (master) budget for your area of responsibility, and 9 7, 9 7, 8 for developing budgets for specific functions or activities other’s responsibilities PC1 documents, spreadsheet printouts and other records of financial information 1, 2, 4, 5, 6, 7, PC2 and past budgets, forecasts of future activity, income/revenue and expenditure, 2, 3, 6, 7 1, 3, 4, 6 1, 2 8 PC3 costs and prices that you have used to prepare a draft budget PC4 draft budgets, background papers to support your draft, and notes, minutes 1, 2, 4, 5, 6, 7, 1, 2, 3, 4, 5, 6, PC5 and other records of negotiations with subordinates and colleagues and line 1, 2, 4, 6, 7, 8, 9 1, 2 9 7, 8 PC6 managers to agree and finalise or to revise budgets emails, memos or newsletters you have prepared, presentations you have made and notes or minutes of meetings you have held to communicate to 1, 2, 3, 4, 5, 6, colleagues the financial objectives of the organisation and your area of 1, 4, 6, 8, 9 1, 2, 5, 6, 7 1, 2 7, 8 responsibility, the agreed budgets and the constraints or other requirements relating to their implementation and control PC7 Records of budgets outturns and reviews of your management or supervision of budgets, and reports and other reviews of financial performance: PC8 PC9 details or specifications of systems you have introduced or authorised, for 1, 8, 10, 11, 13, 1, 2, 4, 5, 6, 7, PC10 monitoring budgetary performance, identifying variances and alerting others to 1, 2, 3, 4, 6, 7 1, 2 15 8, 9, 12 PC11 the need for action
M&LE2 Manage finance for your area of responsibility Evidence Requirements PC Evidence of Performance Criteria: possible examples of evidence Behaviours Knowledge and Understanding General Industry specific Context specific PC1 PC2 PC3 PC4 PC5 PC6 Budgets for your area of responsibility that you have developed or: notes, minutes or other records of meetings with other managers and subordinates in which you have agreed the objectives and criteria for developing and agreeing a (master) budget for your area of responsibility, and other’s responsibilities for developing budgets for specific functions or activities 1, 2, 3, 4, 6, 7, 8, 9 1, 2, 3, 4, 5, 6, 7, 9 1, 2 1, 2, 3, 4, 5, 6, 7, 8 documents, spreadsheet printouts and other records of financial information and past budgets, forecasts of future activity, income/revenue and expenditure, costs and prices that you have used to prepare a draft budget 2, 3, 6, 7 1, 3, 4, 6 1, 2 1, 2, 4, 5, 6, 7, 8 draft budgets, background papers to support your draft, and notes, minutes and other records of negotiations with subordinates and colleagues and line managers to agree and finalise or to revise budgets 1, 2, 4, 6, 7, 8, 9 1, 2, 4, 5, 6, 7, 9 1, 2 1, 2, 3, 4, 5, 6, 7, 8 emails, memos or newsletters you have prepared, presentations you have made and notes or minutes of meetings you have held to communicate to colleagues the financial objectives of the organisation and your area of responsibility, the agreed budgets and the constraints or other requirements relating to their implementation and control 1, 4, 6, 8, 9 1, 2, 5, 6, 7 1, 2 1, 2, 3, 4, 5, 6, 7, 8 PC7 PC8 PC9 PC10 PC11 Records of budgets outturns and reviews of your management or supervision of budgets, and reports and other reviews of financial performance: details or specifications of systems you have introduced or authorised, for monitoring budgetary performance, identifying variances and alerting others to the need for action 1, 2, 3, 4, 6, 7 1, 8, 10, 11, 13, 15 1, 2 1, 2, 4, 5, 6, 7, 8, 9, 12