Finance departments have numerous responsibilities ranging from daily cash management and asset monitoring to the production of detailed management information, budgets and the organisation's annual accounts.
Overview assessment
The financial management module of the toolkit looks at how well
an organisation's finance department contributes to business
efficiency. Overview questions are available to download to help
guide the assessment.
Detailed assessment
The NAO has developed materials to support a detailed assessment
in this area. These materials cover five key areas: management
and staffing; processes and systems; financial management and
budgets; annual accounts, management accounts and reporting; and
outsourcing. Please contact the NAO Efficiency Centre Team
for further information, and to discuss how these materials
could be applied to your organisation.
Other sources include
We regularly update Financial Audit and Corporate Governance Guidance to help departments prepare their accounts. These are available at: http://www.nao.org.uk/guidance/finaud_and_corpgov.htm
The HM Treasury website available under Downloads & Links provides a number of documents about financial management.
'Managing Resources to Deliver Better Public Services' looks at how resources are managed to convert them into staff with appropriate skills, infrastructure and equipment, and IT.
Links to external sites are provided for further information. Please note that the NAO is not responsible for the content of external sites referenced.
