Financial managers the financial manager is in charge of the financial systems

Financial managers the financial manager is in charge

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____ Financial managers – the financial manager is in charge of the financial systems and processes put in place at a business, and responsible for providing support in these areas to his or her co- workers and peers. Accountants – An accountant is the person who keeps track of the organisation’s money. The accountant will use this information to generate financial reports to show how the organisation is performing financially at a specific point in time. Financial controllers – The financial controller has a say in where the money will go in the business, as well as being involved in all monetary aspects of the business. Production managers – A production manager’s role can be varied. It can envolve working on processes to increase production and reduce costs, as well as ensuring that the daily production processes are adhered to, and timelines are met. Supervisors – A supervisor is a person who is in control of a department in an organisation. They will have a budget allocated to them, and their primary role is to keep their department moving along smoothly and that the daily requirements of their department are met. 2.List the five source documents that you can access for information to include in your 3.Give examples of (2) two business operational risk scenarios that could affect your initialbudgets and financial plans. What contingency planningstrategies will you need to put inplace if your initial financial plans need to be varied?
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