| Core FM Skill |
Knowledge Traits |
| 1. Understands both the local and wider financial framework of the organisation and the impact on their contribution to outcomes. |
Trait ID |
Trait Descriptor |
|
1
|
Business Modelling e.g. delivery approaches
|
|
2
|
Strategic/Business Planning
|
|
3
|
Budgeting, monitoring and Forecasting
|
|
4
|
Assets and Liabilities including working capital
|
|
5
|
Corporate governance; e.g. separation of duties and Internal control framework
|
|
6
|
Distinction between capital and resource budgets and expenditure
|
|
7
|
Government funding framework, e.g. spending reviews and fiscal strategy
|
|
8
|
Financial accountability; e.g. responsibility for regularity and propriety; delegated authority
|
|
9
|
Performance Indicators
|
|
10
|
Market economics
|
|
11
|
Investment appraisal inc. cost benefit analysis and business cases
|
|
12
|
Risk analysis and management
|
|
13
|
Interpretation of accounts
|
| 2. Plans outcomes to time against budgeted inputs, achieving continuous improvement. |
Trait ID |
Trait Descriptor |
|
2
|
Strategic/Business Planning
|
|
3
|
Budgeting, monitoring and Forecasting
|
|
4
|
Assets and Liabilities including working capital
|
|
5
|
Corporate governance; e.g. separation of duties and Internal control framework
|
|
6
|
Distinction between capital and resource budgets and expenditure
|
|
11
|
Investment appraisal inc. cost benefit analysis and business cases
|
|
12
|
Risk analysis and management
|
|
14
|
Balance sheet and operating cost statement
|
|
15
|
Key finance roles in Government:e.g. Accounting Officer; HMT and NAO
|
|
16
|
Economy efficiency and effectiveness
|
|
17
|
Analytical techniques: e.g. benchmarking; balanced scorecard
|
|
18
|
Cost behaviour
|
| 3. Makes decisions using appropriate financial information as a key input. |
Trait ID |
Trait Descriptor |
|
3
|
Budgeting, monitoring and Forecasting
|
|
9
|
Performance Indicators
|
|
11
|
Investment appraisal inc. cost benefit analysis and business cases
|
|
12
|
Risk analysis and management
|
|
18
|
Cost behaviour
|
|
19
|
Cash vs accruals accounting
|
|
20
|
Corporate finance e.g. PFI and other long term finance options
|
| 4. Manages financial resources ethically and honestly. |
Trait ID |
Trait Descriptor |
|
5
|
Corporate governance; e.g. separation of duties and Internal control framework
|
|
8
|
Financial accountability; e.g. responsibility for regularity and propriety; delegated authority
|
|
14
|
Balance sheet and operating cost statement
|
|
15
|
Key finance roles in Governement:e.g. Accounting Officer; HMT and NAO
|
|
21
|
Organisation's code of conduct
|
| 5. Maintains an effective partnership with finance professionals. |
Trait ID |
Trait Descriptor |
|
3
|
Budgeting, monitoring and Forecasting
|
|
22
|
Departmental finance structures and reporting timetables
|