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