Template 3: Report on the effectiveness of existing financial-management approaches finances Report on the effectiveness of existing financial-management approaches/finances (800-1000 words) Introduction to the report Background information Objectives of writing the report Body of the report: Issues Steps to resolve these issues Variances Reason for variances Steps to maintain gross profit margins Debtor days Financial viability of the company Your recommendations on the viability of the company Your recommendations for managing contingencies Recommendations for improvement in improving financial management processes. Risks that company can face in future based on the outcomes audit trial Risk of misappropriation of funds Risk management approach Summary of the report