This figure depicts the Level 1 process flow for common financial management business processes, using six chevrons placed in three layers.
The top layer is a chevron labeled Planning, Budgeting and Forecasting Results and Performance Reports.
The centre layer is a row of four chevrons, each representing subsequent steps of the high-level financial management business process. The four steps are Need Identification, Obligation, Performance, Validation and Certification, and Payment. These four steps are further explained in two views-one from the Revenue perspective, the other from the Expenditure perspective.
From the Revenue perspective:
From the Expenditure perspective:
The bottom layer is a chevron labeled Master Data, Integration, Control and Monitoring.
Return to the Complete Text