01
Initial consultation
Identify the business issue, the people using the work and the decisions it needs to support.
WORK PRODUCT OR REVIEW POINT
A focused brief and initial information requirements.
OUR APPROACH
From requirement
to working financial analysis.
A five-stage process establishes the purpose of the assignment, develops the work products and brings the findings into management review.
02
Business assessment
Examine existing budgets, financial records, cash forecasts or operating processes. Identify missing data and inconsistent assumptions.
WORK PRODUCT OR REVIEW POINT
A review of the starting information and the priorities for analysis.
03
Solution development
Select the analysis, work products and review timetable. Set out responsibilities, fees and data arrangements in the service agreement.
WORK PRODUCT OR REVIEW POINT
An agreed work plan, deliverables and commercial terms.
04
Implementation and support
Prepare the budget, forecast, analytical report or operating review. Discuss significant movements and resolve questions with the relevant business owners.
WORK PRODUCT OR REVIEW POINT
The agreed work products and management commentary.
05
Review and improvement
Review the findings and management actions. Where continuing support is included, refresh the analysis as new results and assumptions become available.
WORK PRODUCT OR REVIEW POINT
Review priorities and any updates included in the agreement.
PLANNING AN ENGAGEMENT
Set the assignment up
for practical delivery.
A financial task needs an intended use, reliable inputs and people responsible for reviewing the result. These requirements shape the service agreement and the working timetable.
Project fees reflect the services, complexity and service period. Further analysis or recurring updates are included where agreed.
- The management requirementThe budget, cash flow, reporting or operating issue, the decisions it supports and the planning period.
- The starting recordsAvailable financial statements, budget files, receipt and payment information, cost records and known data gaps.
- The work productsThe analyses, forecasts, reports or recommendations to be prepared and the level of supporting detail.
- The working arrangementInformation owners, review meetings, delivery dates, fees, confidentiality and applicable verification requirements.
COLLABORATION
Project-based advice or recurring support.
Read how assignments, responsibilities and fees form a professional working arrangement.