In this activity you will need to match column B with column A$.$ The notes you made on the types of financial reports will come in handy in completing this activity.

$1.$Internal reports A$.$Consolidated reports of accounting officers, the Auditor$-$General, executive authorities, as well as the various treasuries.

$2.$External reports B$.$The officer must submit an annual report on the activities of the institution as well as the audited financial statements and the Auditor$-$General$$s report on them to the relevant treasury and executive authority $($minister$)$ within five months of financial year end.

$3.$Interim reports C$.$Annual report and the accompanying audited financial statements submitted by the executives to the National Assembly or provincial legislature.

$4.$Performance reports D$.$Reports of the audit of financial statements submitted by the accounting officer of a government department, trading entity, or constitutional institution, which are based on the provision of s $40(1)$ of the PFMA.

$5.$Financial statements E$.$Consolidated financial statements prepared each year in accordance with generally recognised accounting practice $($GRAP$).$

$6.$Income statement F$.$Accounting officer may utilise a saving in the amount appropriated under a main division within a vote to defray excess expenditure under another main division within the same vote. The officer must report such a saving to the executive authority and relevant treasury within seven days.

$7.$Balance sheet G$.$It illustrates the financial position of an institution at a specific time and can be considered as a snapshot of the financial position at a particular moment in time.

$8.$Cash$-$flow statement H$.$A set of accounting reports which, taken together, describe the financial position of an institution and the results of its recent operations.

$9.$Annual reporting I.Section $40(4)$ of the PFMA requires the accounting officer to submit information on the actual revenue and expenditure for the preceding month as well as the amounts anticipated for that month, to the relevant treasury and the executive authority within $15$ days after the end of each month.

$10.$Reporting by accounting officers J$.$Reports that focus on the performance against the approved budget as well as against service delivery plans and alert managers to take remedial action where necessary.

$11.$Reports by the Auditor$-$General K$.$A summary of the income and expenses of the institution for a specific period. It is also a summary of those factors that influenced the institution$$s own capital during the period concerned.

$12.$Reporting by the executive authority L$.$It provides the users with information concerning the source and application of all financial resources during the period concerned.

$13.$Reporting by the National Treasury and provincial treasuries M$.$Reports that assist to management in evaluating the extent to which public managers are complying with budgetary, financial, legal, and administrative procedures.

$14.$Monthly reports N$.$Reports that provide information to assist interested parties in monitoring the performance of public institutions to determine whether available resources have been utilised in accordance with approved budget and business plans.

$15.$Ad hoc reports O$.$Compiled daily, weekly, monthly, or quarterly, depending on management need for financial information or statutory requirements. They are referred to as $$management information$$ or interim reports.