Enterprise Standards:Financial Management Reference Content - Revision history

Admin at 20:03, 28 October 2015

2015-10-28T20:03:43Z

Admin at 11:27, 2 September 2015

2015-09-02T11:27:02Z

Admin at 11:26, 2 September 2015

2015-09-02T11:26:15Z

Admin at 11:25, 2 September 2015

2015-09-02T11:25:51Z

Admin at 08:56, 2 September 2015

2015-09-02T08:56:56Z

90.185.212.37 at 11:40, 1 September 2015

2015-09-01T11:40:03Z

90.185.212.37 at 11:36, 1 September 2015

2015-09-01T11:36:38Z

90.185.212.37 at 11:35, 1 September 2015

2015-09-01T11:35:30Z

90.185.212.37 at 11:34, 1 September 2015

2015-09-01T11:34:52Z

90.185.212.37 at 11:34, 1 September 2015

2015-09-01T11:34:33Z

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 **A key financing decision is whether profits earned by the business should be retained rather than distributed to shareholders via dividends. If dividends are too high, the business may be starved of funding to reinvest in growing revenues and profits further.
-The LEADing Practice Financial Management Reference Content has the purpose to identify, develop and tailor Financial Management specific standards and templates that are applied in specific and ongoing projects. Some of the standards and templates of the reference content are:
+The LEADing Practice Financial Management Reference Content has the purpose to identify, develop and tailor Financial Management specific standards and artefacts that are applied in specific and ongoing projects. Some of the standards and artefacts of the reference content are:
 {|class="wikitable" style="width:100%; padding:1%" |

← Older revision		Revision as of 11:27, 2 September 2015
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−	[[Category:~~Enerprise~~ Management Standards]]	+	[[Category:Enterprise Management Standards]]
	{{DISPLAYTITLE:Financial Management Reference Content}}		{{DISPLAYTITLE:Financial Management Reference Content}}

← Older revision		Revision as of 11:26, 2 September 2015
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−	[[Category:Enerprise Management]]	+	[[Category:Enerprise Management Standards]]
	{{DISPLAYTITLE:Financial Management Reference Content}}		{{DISPLAYTITLE:Financial Management Reference Content}}

← Older revision		Revision as of 11:25, 2 September 2015
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−	[[Category:~~Financial~~ Management ~~Reference Content~~]]	+	[[Category:Enerprise Management]]
	{{DISPLAYTITLE:Financial Management Reference Content}}		{{DISPLAYTITLE:Financial Management Reference Content}}

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 {{DISPLAYTITLE:Financial Management Reference Content}}
@@ Line 24: / Line 25: @@
 {|class="wikitable" style="width:100%; padding:1%" |
-|style="background-color:rgb(195, 217, 255);width: 70%;text-; padding:1%" |
+|class="thead" style="background-color:rgb(195, 217, 255);width: 70%;text-; padding:1%" |
 '''ENTERPRISE STANDARD'''
-|style="background-color:rgb(195, 217, 255);width: 30%;text-align:left; padding:1%" |
+|class="thead" style="background-color:rgb(195, 217, 255);width: 30%;text-align:left; padding:1%" |
 '''REFERENCE CONTENT#'''
 |-
-|style="background-color:white;padding:1%;" |
+|[[#|Finance Competency Map]]
 |BM/Competency
 [[#|Finance Competency Map]]
-−
-|style="background-color:white;padding:1%;" |
-−
 BM/Competency
-−
 |-
-|style="background-color:white;padding:1%;" |
+|[[Media:LEAD-Business-Model-Reference-Framework-Business-Model-Level-2-Internal-Audit.pdf|Finance Business Model]]
 |BM/Competency
 [[Media:LEAD-Business-Model-Reference-Framework-Business-Model-Level-2-Internal-Audit.pdf|Finance Business Model]]
-−
-|style="background-color:white;padding:1%;" |
-−
 BM/Competency
-−
 |-
-|style="background-color:white;padding:1%;" |
+|[[Media:LEAD-Value-Reference-Framework-Strategy-Map-Cost-Cutting.pdf|Finance Strategy Map and Model]]
 |Value
 [[Media:LEAD-Value-Reference-Framework-Strategy-Map-Cost-Cutting.pdf|Finance Strategy Map and Model]]
-−
-|style="background-color:white;padding:1%;" |
-−
 Value
-−
 |-
-|style="background-color:white;padding:1%;" |
+|[[Media:LEAD-Value-Reference-Framework-Strategy-Model-Finance.pdf|Major Critical Success Factors of Finance (CSFs)]]
 |Value
 [[Media:LEAD-Value-Reference-Framework-Strategy-Model-Finance.pdf|Major Critical Success Factors of Finance (CSFs)]]
-−
-|style="background-color:white;padding:1%;" |
-−
 Value
-−
 |-
-|style="background-color:white;padding:1%;" |
+|[[#|Finance Value Drivers]]
-[[#|Finance Value Drivers]]
+|Value
-|style="background-color:white;padding:1%;" |
 Value
 |-
-|style="background-color:white;padding:1%;" |
+|[[#|Major Finance Performance Drivers]]
-[[#|Major Finance Performance Drivers]]
+|Value
-|style="background-color:white;padding:1%;" |
 Value
 |-
-|style="background-color:white;padding:1%;" |
+|[[Media:LEADing-Practice-Financial-Scorecard-Measurements.pdf|Key Performance Indicators of Finance (KPIs)]]
-[[Media:LEADing-Practice-Financial-Scorecard-Measurements.pdf|Key Performance Indicators of Finance (KPIs)]]
+|Value
-|style="background-color:white;padding:1%;" |
 Value
 |-
-|style="background-color:white;padding:1%;" |
+|[[#|Finance Process Map]]
-[[#|Finance Process Map]]
+|Process
-|style="background-color:white;padding:1%;" |
 Process
 |-
-|style="background-color:white;padding:1%;" |
+|[[#|Example of a Finance Process Model in BPM Notations]]
-[[#|Example of a Finance Process Model in BPM Notations]]
+|Process
-|style="background-color:white;padding:1%;" |
 Process
 |-
-|style="background-color:white;padding:1%;" |
+|[[#|Finance Service Matrix]]
-[[#|Finance Service Matrix]]
+|Service
-|style="background-color:white;padding:1%;" |
 Service
 |-
-|style="background-color:white;padding:1%;" |
+|[[#|Finance Service Architecture Flow]]
-[[#|Finance Service Architecture Flow]]
+|Service
-|style="background-color:white;padding:1%;" |
 Service
 |-
-|style="background-color:white;padding:1%;" |
+|[[#|Finance Information Flow Architecture]]
-[[#|Finance Information Flow Architecture]]
+|Information
-|style="background-color:white;padding:1%;" |
 Information
 |-
-|style="background-color:white;padding:1%;" |
+|[[#|Integrated Model of Finance SBOs/CSFs/KPIs & Processes]]
-[[#|Integrated Model of Finance SBOs/CSFs/KPIs & Processes]]
+|All
-|style="background-color:white;padding:1%;" |
 All
 |-
-|style="background-color:white;padding:1%;" |
+|[[#|Finance Maturity Model]]
-[[#|Finance Maturity Model]]
+|All
-|style="background-color:white;padding:1%;" |
 All
 |-
-|style="background-color:white;padding:1%;" |
+|[[Media:LEAD-Business-Model-Reference-Framework-Finance-Operating-Model.pdf|Finance Business Architecture]]
-[[Media:LEAD-Business-Model-Reference-Framework-Finance-Operating-Model.pdf|Finance Business Architecture]]
+|All
-|style="background-color:white;padding:1%;" |
 All
 |-
 |}

@@ Line 16: / Line 16: @@
 **Are assets being used efficiently?
 **Are the businesses assets secure?
-<br/>
+**Do management act in the best interest of shareholders and in accordance with business rules?
-:: -Do management act in the best interest of shareholders and in accordance with business rules?
+*'''Financial Decision-making''': The key aspects of financial decision-making relate to investment, financing and dividends
-<br/>
+**Investments must be financed in some way – however there are always financing alternatives that can be considered. For example it is possible to raise finance from selling new shares, borrowing from banks or taking credit from suppliers.
-'''Financial Decision-making'''
+**A key financing decision is whether profits earned by the business should be retained rather than distributed to shareholders via dividends. If dividends are too high, the business may be starved of funding to reinvest in growing revenues and profits further.
-<br/>
 : The key aspects of financial decision-making relate to investment, financing and dividends
-<br/>
-:: -Investments must be financed in some way – however there are always financing alternatives that can be considered. For example it is possible to raise finance from selling new shares, borrowing from banks or taking credit from suppliers.
-<br/>
-:: -A key financing decision is whether profits earned by the business should be retained rather than distributed to shareholders via dividends. If dividends are too high, the business may be starved of funding to reinvest in growing revenues and profits further.
-<br/>
+The LEADing Practice Financial Management Reference Content has the purpose to identify, develop and tailor Financial Management specific standards and templates that are applied in specific and ongoing projects. Some of the standards and templates of the reference content are:
-−
 The LEADing Practice Financial Management Reference Content has the purpose to identify, develop and tailor Financial Management specific standards and templates that are applied in specific and ongoing projects. Some of the standards and templates of the reference content are
-−
-<br/>
 {|class="wikitable" style="width:100%; padding:1%" |

@@ Line 14: / Line 14: @@
 *'''Financial Planning''': Management need to ensure that enough funding is available at the right time to meet the needs of the business. In the short term, funding may be needed to invest in equipment and stocks, pay employees and fund sales made on credit. In the medium and long term, funding may be required for significant additions to the productive capacity of the business or to make acquisitions.
 *'''Financial Control''': Financial control is a critically important activity to help the business ensure that the business is meeting its objectives. Financial control addresses questions such as
-:: -Are assets being used efficiently?
+**Are assets being used efficiently?
-<br/>
+**Are the businesses assets secure?
-:: -Are the businesses assets secure?
 <br/>
 :: -Do management act in the best interest of shareholders and in accordance with business rules?

@@ Line 2: / Line 2: @@
 [[Category:Enterprise Management Standards]]
 === Financial Management ===
 Financial Management is the operational activity of a business that is responsible for obtaining and effectively utilizing the funds necessary for efficient operation, but also focus on financial decision making as well as harmonizing individual motives and enterprise goals.
 The key objectives of Financial Management is to:
 * Create wealth for the business
 * Generate cash, and
 * Provide an adequate return on investment bearing in mind the risks that the business is taking and the resources invested.
 There are three key elements to the process of Financial Management:
 '''Financial Planning'''