Guideline on Common Financial Management Business Process 3.3 - Manage Other Payments
Long description for image: Figure 11. Level 1 Model of Financial Management
This figure depicts the Level 1 process flow for common financial management business processes, using six chevrons placed in three layers.
The top layer is a chevron labelled “Planning, Budgeting and Forecasting Results and Performance Reports.”
The centre layer is a row of four chevrons, each representing subsequent steps of the high-level financial management business process. The four steps are “Need Identification,” “Obligation,” “Performance,” “Validation and Certification,” and “Payment.” These four steps are further explained in two views—one from a Revenue perspective, the other from an Expenditure perspective.
From the Revenue perspective:
- “Need Identification” is indicated by the Request;
- “Obligation” is the Recognition of the Obligation;
- “Performance, Validation and Certification” is indicated by the Invoice; and
- “Payment” is indicated by the Deposit.
From the Expenditure perspective:
- “Need Identification” is indicated by Expenditure Initiation;
- “Obligation is the Recognition of the Obligation;
- “Performance, Validation and Certification” is indicated by Section 34 of the FAA; and
- “Payment” is indicated by Section 33 of the FAA.
The bottom layer is a chevron labelled “Master Data, Integration, Control and Monitoring.”
Note: FAAs. 34 refers to section 34 of the Financial Administration Act, and FAAs. 33 refers to section 33 of that Act.