Question: Demonstrate the following task: Task 3 Review and evaluate an organisation's financial management plan. BENCHMARKS Collect information on the effectiveness of current financial management processes,


Demonstrate the following task: Task 3 Review and evaluate an organisation's financial management plan. BENCHMARKS Collect information on the effectiveness of current financial management processes, eg: ' cash flow ' profit and loss ' debtors and creditors Analyse variance between the actual and budgeted finances. Identify and recommend improvements to the existing financial management processes, eg: ' information systems ' financial management systems ' staff and team members Implement the negotiated improvements to the financial plan. Evaluate the implemented improvements to ensure financial goals are met
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