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Describe the main duties of an Accountable Manager. How does the holder of this position relate to the financial management? - Coursework Example

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High school
Author : harvey62
Coursework
Finance & Accounting
Pages 6 (1506 words)

Summary

The accountable manager is usually considered to have some position in the Board of directors or other equivalent body of the company. This allows him a more close connection with the owners of the company. So, the objectives set by the Board of Directors contain an opinion on his part…

Extract of sample
Describe the main duties of an Accountable Manager. How does the holder of this position relate to the financial management?

It also assists him further to understand the objectives fully and other underlying requirements of these objectives. The presence of a person in setting objectives makes such manager more accountable as the objectives are set with full collaboration of such manager.
However, larger organizations usually consist of more than one units who either dependent of each other or independently work to achieve the desired results and objectives. The regulations for each of these units are also different. So, different accountable managers are appointed for all these units who supervise the work of these units. These managers are accountable to their respective Regulatory body.
Usually, accountable managers are solely responsible for the accomplishment of desired objectives. However, the tasks are not carried out by them alone. A large number of subordinates are involved and it is inevitable for the accountable manager to rely upon the work of subordinate managers. However, these subordinates are responsible to report to the accountable manager about their work. The Accountable manager is after all responsible for their own work s well as the work of their subordinates. Because of such greater responsibility, the accountable managers are not given any other task which they are capable of carrying out. The reason is that the focus is not diverted to any other work which is less important than the primary job of such manager. ...
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