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3. Financial management processes Identify at least ve types of data or documents that you must collect, collate and analyse in order to assess the
3. Financial management processes Identify at least ve types of data or documents that you must collect, collate and analyse in order to assess the effectiveness of financial planning and cost control process based on the data given to you in the scenario and the financial data in Appendices F I, analyse the effectiveness of existing financial management processes that were used to prepare the budget forecast for 2021 i.e. what were two key inefficiencies in the financial management policy and process that you used? make recommendations for four improvements to the financial management policy and process in order to ensure: effective forecasting during the COVID-19 situation effective maximisation of prots during the COVIDlQ situation effective monitoring of finances and cost control for the COVID-19 situation effective management of accounts receivable for the COVID19 situation Use the numbered sections above to create sub-headings for your report
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