Government Finance Profession

Finance Capability Swapshop Toolkit

Financial Monitoring and Forecasting

In order to achieve the organisation’s objectives, management must have an accurate picture of performance at regular points during the year. They also need to ensure that their forecast spend for the year is in line with their agreed budget.

Any variances from budget must be identified at an early stage so that action can be taken to address this. This is key to enabling senior leadership to be able to take informed, strategic decisions to make the most effective use of the annual resource allocation.

Click on the text below for useful tools on financial monitoring and forecasting:

• Profiling, budgeting, monitoring and forecasting
• Cashflow forecasting
• Balanced scorecards
• Working capital