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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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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. In case of companies which carry out air operations, the accountable manager is responsible to the regulatory body, either within or outside the company, for all the operations which are undertaken by the service provider of air navigation, airplane operator, airport operator or by any organization responsible for the repair and maintenance of aircrafts. This certainly builds up greater responsibility on such managers. Other responsibilities of such managers include flight training, flight operations, quality assurance of flight services and ground operations. DUTIES OF AN ACCOUNTABLE MANAGER: Due to the significance of the responsibilities and duties of accountable manager, it is very important that this position should be vested upon on any person who holds a significance position in the organization. Generally, The President, Vice President, Chief Executive, Managing Director or any other person carrying the similar position suit to such post. However, it is considered necessary that the person holding the post of accountable manager must have sufficient financial and executive authority that he may comply with the requirements of organization in respect of seeking of approval. The duties of accountable manager encompass all the duties vested on him either by the relative legislation or by the Regulatory body. It also includes the duties which are supposed to be done by him under the scope of his job. Main duties of accountable manager are as follows: 1. Compliance with relevant regulations: The compliance of the organizational procedures with the relevant laws and regulations governing the industry is the prime responsibility of Accountable ...Show more

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…
Author : harvey62
Describe the main duties of an Accountable Manager. How does the holder of this position relate to the financial management essay example
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