Who can raise EFMA?
Any Associate
Manager
Unit Head
Client
The correct answer and explanation is:
The correct answer is: Manager
Explanation:
EFMA (Exceptional Financial Management Authorization) is typically raised by a Manager. This is because the manager is usually the person responsible for overseeing financial decisions within their team or department and has the authority to raise EFMA when necessary.
- Associate: Associates are generally entry-level employees who support the team in various administrative and operational tasks. They do not typically have the authority to raise EFMA, as they are not responsible for making high-level financial decisions.
- Manager: Managers are usually responsible for overseeing a department or team and making significant decisions related to financial management. In most organizational structures, the manager has the authority to raise EFMA because they have the required understanding and accountability for the financial processes within their scope of responsibility.
- Unit Head: The Unit Head is a senior position and is typically responsible for the overall strategy and direction of a unit. However, while they may have decision-making power, raising EFMA might fall under the purview of a manager depending on the organizational hierarchy and structure. In some cases, a Unit Head may be involved in approving or reviewing EFMA raised by managers.
- Client: A client is an external entity and does not have any internal authority to raise EFMA. They may, however, request specific financial arrangements or authorizations, but this would typically be handled by the internal team (such as the manager or department head).
In conclusion, the manager is the most appropriate person to raise EFMA because of their role in overseeing day-to-day financial management and decision-making within the team or department.