Planning&implementation financial management approaches

You are required to conduct a project work to produce a research and analysis report on the planning and implementation of financial management approaches, monitoring/controlling finances and reviewing/evaluating financial management processes in your organisation. This will include the following: 1. Provide an overview of the organisation and your business unit 2. Identify the internal strategic goals for this organisation and the external stakeholders, and discuss their influence on the financial decisions in to your organisation (Activity 1.2) 3. Discuss the different types of budgets your organisation is required to prepare and provide an explanation on how each budget is developed (Activity 2.1) 4. List the people, their roles and responsibilities in the organisation who are involved in the budget process (from planning to implementation). List the specific budget they are interested in. (Activity 2.2) 5. Discuss the process of negotiating budget funding after they have been allocated? How would you relate budget changes to your strategic and business goals (Activity 2.3) 6. Develop a contingency plan to cover changed circumstances and variations to budgets/financial plans (Activity 2.4) 7. Discuss the reports required to show an analysis of actual versus budgeted outcomes (variances). How do these reports assist with improving variances and achieving financial objectives? (Activity 2.5) 8. What documentation do you need to manage the expenses and costs in your organisation? How do you use this to calculate estimates and develop cost management plans? (Activity 2.6) 9. How would you collect and analyse data and feedback on the effectiveness of your financial management processes and make recommendations to improve improvements? (Activity 2.7)