Elements and Performance Criteria
- Review performance
- Ensure forecasts made are justifiable given observed trends, information, events and assumptions, with standard errors calculated to produce levels of accuracy suitable for planning purposes
- Regularly review forecasts in line with actual performance and alternative sources of information
- Assess risk strategies for long-term viability and harmonise with short-term goals and obligations
- Evaluate returns to operations
- Trend cash flow and profitability patterns to identify current position and expected returns from investments and projected operations
- Disaggregate averaged returns to assess strengths and weaknesses in organisational performance
- Evaluate investment returns against risk, profit and capital budget requirements
- Determine short-term and long-term needs
- Identify resources required by organisation to meet short-term and long-term obligations, and cost using standard financial analysis techniques
- Establish and review financial priorities based on reported performance and identified trends, organisational objectives and expected returns to operations and investments
- Review financial options and conduct analysis of range of possible assets and liabilities to optimise capital mix to support operations and trading need
- Evaluate and document organisational policy and procedures for expenditures and investments to ensure relevance to changing personnel profiles
- Analyse debt to equity targets in terms of organisation’s expected performance and establish in line with organisational objectives using standard accounting techniques
- Ensure forecasts made are justifiable given observed trends, information, events and assumptions, with standard errors calculated to produce levels of accuracy suitable for planning purposes
- Regularly review forecasts in line with actual performance and alternative sources of information
- Assess risk strategies for long-term viability and harmonise with short-term goals and obligations