Elements and Performance Criteria
- Review resource use
- Monitor sources of data input to identify influences and variations in returns and costs
- Monitor estimates of stock levels and review to ensure appropriate stocking and ordering of materials and inventory items
- Compare records of resource use with unit cost estimates to evaluate projected costs
- Analyse factors influencing resource use in future to assess impact on operations and objectives
- Monitor plans
- Adjust implementation to take account of emerging external influences and establishment of alternative targets
- Monitor and control costs of plans by evaluating net benefits to operations from allocation of resources
- Adjust internal control systems to ensure maintenance and achievement of accounting standards
- Evaluate information systems
- Evaluate system specifications against user requirements and feedback to identify redundancies and constraints, and capacities of information technology
- Identify hardware and software needs from assessment of available products and services
- Evaluate possible uses and handling of accounting data in consultation with users to determine security requirements
- Analyse organisational procedures and policy to evaluate scope of strategies for risk management, internal control of expenditure and compliance with statutory requirements
- Monitor and record enquiries regarding use of systems to ensure ongoing evaluation
- Develop implementation plans
- Review internal control systems to determine any implementation issues that impact on organisational processes
- Analyse strengths and weaknesses of organisational processes, including present and future capacities, and incorporate in implementation plan
- Design implementation to cover outcomes, resource use, costs, and achievement and maintenance of professional accounting standards
- Establish schedules that are realistic and feasible in context of organisation’s short-term and long-term objectives
- Monitor sources of data input to identify influences and variations in returns and costs
- Monitor estimates of stock levels and review to ensure appropriate stocking and ordering of materials and inventory items
- Compare records of resource use with unit cost estimates to evaluate projected costs
- Analyse factors influencing resource use in future to assess impact on operations and objectives
- Adjust implementation to take account of emerging external influences and establishment of alternative targets
- Monitor and control costs of plans by evaluating net benefits to operations from allocation of resources
- Adjust internal control systems to ensure maintenance and achievement of accounting standards