Elements and Performance Criteria
- Evaluate information systems
- System specifications are evaluated against user requirements and feedback to identify redundancies and constraints, and capacities of information technology
- Hardware and software needs are identified from assessment of available products and services
- Possible uses and handling of accounting data are evaluated in consultation with users to determine security requirements
- Organisational procedures and policies are analysed to evaluate scope of strategies for risk management, internal control of expenditure and compliance with statutory requirements
- Enquiries regarding use of systems are monitored and recorded to ensure ongoing evaluation
- Develop implementation plans
- Principles, procedures and processes arising from internal control systems are examined to determine implementation issues relevant to organisational processes
- Strengths and weaknesses of organisational processes, including present and future capacities, are analysed and incorporated in the implementation plan
- Implementation is designed to cover outcomes, resource use, costs and the achievement and maintenance of professional accounting standards
- Schedules are established that are realistic and feasible in the context of the organisation's short-term and long-term objectives
- Review resource use
- Sources of data input are monitored to identify influences and variations in returns and costs
- Estimates of stock levels are monitored and reviewed to ensure appropriate stocking and ordering of materials and inventory items
- Records of resource use are compared with unit cost estimates to evaluate projected costs
- Factors influencing resource use in the future are analysed to assess impact on operations and objectives
- Monitor plans
- Implementation is adjusted to take account of emerging external influences and the establishment of alternative targets
- Costs of plans are monitored and controlled by evaluating net benefits to operations from the allocation of resources
- Internal control systems are adjusted to ensure the maintenance and achievement of accounting standards