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
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Learning
outcomes
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Assessment
criteria
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Evidence
type
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Portfolio
reference
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Date
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1. Be able to manage a budget in own area
of responsibility
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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
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2. Be able to follow financial procedures
for own area of responsibility
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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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