Long description for image: Figure 13. Level 1 Model of Financial Management

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 labelled 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 labelled Master Data, Integration, Control and Monitoring.

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