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European Skills, Competences, Qualifications and Occupations (ESCO)

Skills & competences

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Hierarchy view

K - knowledge
L - language skills and knowledge
S - skills
S1 - communication, collaboration and creativity
S2 - information skills
S3 - assisting and caring
S4 - management skills
S4.0 - management skills
S4.1 - developing objectives and strategies
S4.2 - organising, planning and scheduling work and activities
S4.3 - allocating and controlling resources
S4.3.0 - allocating and controlling resources
S4.3.1 - managing budgets or finances
- budget for financial needs
- collect tax
- complete administration
- create annual marketing budget
- enforce financial policies
- establish investment funds
- evaluate budgets
- examine budgets
- exert expenditure control
- follow up the issued grants
- forecast dividend trends
- give out grants
- handle external financing
- handle quotes from prospective shippers
- keep track of shipment payments
- maintain trusts
- manage a healthcare unit budget
- manage accounts
- manage bank vault
- manage brand assets
- manage budgets
- manage budgets for social services programs
- manage conservation of natural and cultural heritage
- manage corporate bank accounts
- manage financial aspects of a company
- manage government funding
- manage hospitality revenue
- manage loans
- manage pension funds
- manage personal finances
- manage profitability
- manage recycling program budget
- manage revenue
- manage school budget
- manage securities
- manage sport facility finances
- manage vehicle services' financial resources
- minimise shipping cost
- optimise financial performance
- oversee the facilities services budget
- perform asset recognition
- perform balance sheet operations
- perform cost accounting activities
- perform currency reserve management
- perform financial market business
- prepare airport annual budget
- prepare audit activities
- prepare audit schemes for ships
- prepare casting budget
- support development of annual budget
- understand budgetary limits
- update budget
- use accounting systems
S4.3.2 - managing and administering human resources
S4.3.3 - allocating and controlling physical resources
S4.4 - performing administrative activities
S4.5 - leading and motivating
S4.6 - building and developing teams
S4.7 - recruiting and hiring
S4.8 - supervising people
S4.9 - making decisions
S5 - working with computers
S6 - handling and moving
S7 - constructing
S8 - working with machinery and specialised equipment
T - transversal skills and competences

This concept is obsolete

control financial resources

skills

management skills

allocating and controlling resources

managing budgets or finances

control financial resources

Concept overview

Description

Monitor and control budgets and financial resources providing capable stewardship in company management.

Alternative Labels

conduct financial management activities

monitor financial resources

oversee company budgets

manage and control company budgets

manage finances

control finances

monitor and manage financial resources

manage financial resources

monitor and control financial resources

supervise company budgets

perform company financial management activities

Skill type

skill

Skill reusability level

cross-sector skills and competences

Relationships

Broader concepts

Narrower skills

Essential for

Optional for

Optional Knowledge

Concept status

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DG Employment, Social Affairs and Inclusion of the European Commission developed ESCO in collaboration with stakeholders and with the European Centre for the Development of Vocational Training (Cedefop).

CONTACT ESCO
Current version: ESCO v1.2 (Last update 15/05/2024)