Financial Transactions

Prepare business documentation and cash balances as well as perform payments, collections and remittances in accordance with applicable frameworks and regulatory requirements

Type

Functional

Competency Area

Investment and Financial Management

Levels

Prepare consolidated financial reports for stakeholders to review

Update asset journals in the accounting systems

Ensure that list of assets in the system reflects the physical assets accurately

Recognise basic controls to mitigate financial reporting and record-keeping risks

Verify accuracy of financial reports based on reporting standards compliance

Generate basic statements of all business transactions from accounting system

Review and resolve discrepancies and variances of basic statements

Review and check basic statements to ensure accuracy

Evaluate financial reports for strategic decision-making

Generate monthly financial statements from the organisation’s data and accounting systems

Analyse and review financial statements to ensure accuracy

Review and resolve discrepancies and variances in financial statements

Endorse accounting policies, plans and financial reports

Analyse the financial performance and position of entities to develop suitable accounting policies to meet their reporting requirements

Prepare finance commentaries for various business stakeholders

Identify Financial action points for consideration along with priorities and implications

Endorse accuracy of the accounts presented

Review the accuracy of financial statements and approve them

Review finance commentaries as prepared for various business stakeholders

Present conclusions and recommendations to the organisation’s management and leadership team