Analyse and interpret the financial reports

1–I G%.• Pat
GRADUATE INSTITUTE
8. Analyse and interpret the financial reports and key information. Document this analysis 9. Analyse and evaluate the effects of the financial decisions on the organisational ability to meet planned outcomes. Document this analysis
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Perform the following steps to set the business targets and compliance mechanisms: 10. Collect comparative and trend information, and use this to confirm and document needs for future budget and associated resources 11. Complete negotiations to secure resources in accordance with relevant short-term and long-term needs. Document the outcomes of these negotiations 12. Maximise the organisation’s performance by allocating the required resources against the budget. Document this resource allocation, and maintain accurate and up-to-date records of the resource allocation and usage throughout the cycle according to organisational and legislative requirements 13. Develop, review and document the management systems which enable timely collection, management and processing of information 14. Accurately complete the records of the budget performance and expenditure, ensuring to report these in accordance with organisational procedures and statutory requirements
15. As required, evaluate and the improve budget audit mechanisms and compliance requirements. Document all evaluations and provide the updated and improved mechanisms and compliance requirements
Manage the financial risk over the full planning-cycle by completing the following steps: 16. Identify and analyse the financial risk factors. Provide the analysis 17. Manage and document the financial risks as they arise, according to organisational policies and procedures
18. Develop and implement procedures to regularly review the financial risk management activities. Provide the procedures and document and document the regular reviews conduced