Administer finance

Overview

Framework:
RQF
Level:
Level 2
Unit No:
R/506/1890
Credits:
4
Guided learning hours:
21 hours

Assessment Guidance

All Assessment Criteria must be met and assessed in line with Skills CFA Assessment Strategy.

Unit Learning Outcomes

1

Understand finance for administrators.

Assessment Criteria

  • 1.1

    Describe organisational hierarchy and levels of authority for financial transactions.

  • 1.2

    Explain organisational systems for sales invoicing, purchasing, payments and receipts.

  • 1.3

    Describe the use of a purchase order, invoice, receipts and expenses.

2

Be able to administer finance.

Assessment Criteria

  • 2.1

    Record income and expenditure in accordance with organisational policies and procedures.

  • 2.2

    Process purchase orders, invoices or expenses in accordance with organisational policies and procedures.

  • 2.3

    Process outgoing payments to the correct recipient.

  • 2.4

    Accept or allocate incoming payments in accordance with organisational policies.