Financial Planning
Evaluate and develop budget in line with organisation’s strategies and plans
Type
Functional
Competency Area
Financial and Transaction Management
Levels
Apply basic modelling, forecasting, planning techniques
Explain the purposes of budgets, the budgeting processes and conflicts that can arise
Apply forecasting techniques in determining product and service volumes
Able to forecast and plan resource allocation and performance evaluation
Prepare budgets based on forecasts
Prepare budget for any account in the master budget based on forecasts
Explain budget statements to stakeholders
Determine alternative approaches to budgeting
Develop forecasts and budgets aligned to strategy
Prepare and explain results from budget statements
Prepare and explain budget variances
Connect the dots by demonstrating how different parts of the organisation create value and where potential trade-offs are
Translate massive amounts of data into useful information to grow the business
Leverage on all forms of technology to drive the financial planning and
Drive financial planning to improve efficiency
Identify impact of budgeted cash surpluses and shortfalls on business operations
Apply and discuss feedback and feed- forward control systems to drive efficiency
Connect the dots by demonstrating how different parts of the organisation create value and where potential trade-offs are
Translate massive amounts of data into useful information to grow the business