
Best practice public sector financial management

Fully facilitated independent review

Optimise your systems, processes, resources, compliance and reporting
1. Profile your organisation’s strengths and development areas
2. Support your organisation’s growth objectives
3. Proactively manage risk
Best practice financial management
We measure the financial maturity of your organisation at three levels:
- Enabling transformation: The finance team operates as business partners and has input into strategic and operational plans. The focus is on proactive risk management, clear strategic directions and focus-based outcomes.
- Supporting performance: The finance team is committed to continuous improvement and focuses on efficient and effective delivery and organisational performance.
- Delivering accountability: Financial information is accurate, timely and focuses on controls, probity, compliance and accountability.
Financial management health check
This diagnostic tool measures strengths and development areas across the whole organisation, including processes, people, leadership and stakeholders. The outcome will enable you to develop and implement a target-driven improvement plan and closely monitor progress.
Accountability, performance and transformation
The Public Sector Financial Management Model takes an integrated view of public financial management. It provides leaders, managers and stakeholders with the measures to promote wise spending, tackle corruption and contribute to the economic growth of the country. It is through the efficient and effective use of public money that public financial management drives performance.
"Good financial management relies on a collaborative relationship between finance staff, budget holders and stakeholders"
Financial management transformation
Use the Public Sector Financial Management Model as a catalyst for change. Once your organisation’s strengths and weaknesses are identified, we help you meet your growth objectives through fully facilitated training.
Read about how the Australia Financial Security Authority (AFSA) uses financial management systems to identify opportunities and threats.
Learn how the City of Melbourne implemented its Public Sector Financial Management Model.
Discover more
- Financial planning
- Financial management
Financial planning
Tools and guides to help you manage your credentials and practice financial planning
- Financial management
- Governance and risk
Identifying financial risk: questions to ask your client
We have developed the following questions for members to ask clients when identifying financial risks
- Financial management
Dealing with vulnerable clients suffering from financial abuse
Accountants are uniquely placed to guard against elder financial abuse. Here are some of the signs.
article- Financial management
Financial Risk Management
The purpose of this subject is to equip you with the necessary skills to assess financial risks and manage them strategically
- Financial management
- Disaster recovery
Reconstructing financial records
Following a disaster, you may need to recover your financial records to assess the financial health of your business