Financial reporting and monitoring Which of the following ratings best describes how many essential and advanced practices your organisation has in place? Practices Practices Addressing Addressing Addressing Addressing not relevant not yet some all essential all essential all essential addressed essential practices practices, practices, practices and some and most advanced advanced practices practices N/A 1 2 3 4 5 Essential practices Financial reports: • are timely, compare actual performance against budgets and enable – significant variations to be actively managed include projections for individual service areas at all levels – are calculated and monitored over time – are reviewed at board and management team levels – are in forms that enable auditing with minimum difficulty – Advanced practices Visual displays, commentary and analysis are provided in financial reports to aid • understanding Balanced Scorecard-type reporting is used, with clear linkages between financial and • non-financial information
Financial reporting and monitoring Which of the following ratings best describes how many essential and advanced practices your organisation has in place? Practices not relevant Practices not yet addressed Addressing some essential practices Addressing all essential practices Addressing all essential practices, and some advanced practices Addressing all essential practices, and most advanced practices N/A 1 2 3 4 5 Essential practices • Financial reports: – are timely, compare actual performance against budgets and enable significant variations to be actively managed – include projections for individual service areas at all levels – are calculated and monitored over time – are reviewed at board and management team levels – are in forms that enable auditing with minimum difficulty Advanced practices • Visual displays, commentary and analysis are provided in financial reports to aid understanding • Balanced Scorecard-type reporting is used, with clear linkages between financial and non-financial information
NDIS_Provider-Toolkit-2015__accessible.docx