Element |
Performance criteria |
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1.1 Requirements for efficient financial administration are determined
from consultation and an analysis of financial plans 1.2 Financial record-keeping systems are designed to provide accessible, timely and accurate information on financial transactions 1.3 Information about financial transactions is systematically collected, entered and checked for accuracy at regular intervals |
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2.1 The purpose and frequency of financial reports is communicated
to relevant agency personnel to ensure their provision in a timely
manner 2.2 Schedules of accounts and records of financial transactions are able to be accessed by authorised staff and reconciled at regular intervals 2.3 Financial reports are prepared in the required format to enable a true reflection of the agency's financial standing to be determined by authorised personnel and auditors |
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3.1 Financial account transactions are monitored at regular intervals
to enable adequate cash reserves to be maintained 3.2 Consistently accurate financial reports and summaries are produced at regular intervals to enable ongoing assessment of agency performance 3.3 Performance indicators that include scrutiny of cost centres are used to improve performance |