MD(R)3 Analyses and MD(R)3.1 Documents actual performance against budget, and interprets investigates and documents reasons for variances budget MD(R)3.2 Makes recommendations to address variances variances FINANCIAL MANAGEMENT (RESIDUAL) Mode through which exposure will Expected levels of competence be gained (i.e. at the end of each year of the Detailed examples of activities to be on-the-job training contract Competency to be performed by trainees to demonstrate experience/ achieved Tasks to be performed Yr1 Yr2 Yr3 Yr4 Yr5 competence in this task simulation) FM(R)1 Evaluates the FM(R)1.1 Evaluates the entity’s/business unit’s/engagement client’s entity's financial position, for example using financial analysis, financial ratio analysis, trend analysis and/or cash flow analysis, situation etc. FM(R)2 Monitors cash FM(R)2.1 Prepares or evaluates a cash flow forecast for an flow entity/business unit/engagement client FM(R)2.2 Identifies when there may be a cash shortfall and recommends possible action plans
MD(R)3 Analyses and interprets budget variances MD(R)3.1 Documents actual performance against budget, and investigates and documents reasons for variances MD(R)3.2 Makes recommendations to address variances FINANCIAL MANAGEMENT (RESIDUAL) Competency to be achieved Tasks to be performed Expected levels of competence at the end of each year of the training contract Detailed examples of activities to be performed by trainees to demonstrate competence in this task Mode through which exposure will be gained (i.e. on-the-job experience/ simulation) Yr1 Yr2 Yr3 Yr4 Yr5 FM(R)1 Evaluates the entity's financial situation FM(R)1.1 Evaluates the entity’s/business unit’s/engagement client’s financial position, for example using financial analysis, ratio analysis, trend analysis and/or cash flow analysis, etc. FM(R)2 Monitors cash flow FM(R)2.1 Prepares or evaluates a cash flow forecast for an entity/business unit/engagement client FM(R)2.2 Identifies when there may be a cash shortfall and recommends possible action plans
Generic_Training_Plan_2016_Auditing_and_Assurance.docx