1.11: Financial Management
[U]se ... financial information to measure, operate and predict the effectiveness and efficiency of an entity’s activities
in relation to its objectives.
Other Information:
The ability to obtain and use such information is usually characterized by having in place policies, standards, and a system
of controls that reliably capture and report activity in a consistent manner. Activities: Accounting, Budget and Finance,
Payments, Collections and Receivables, Asset and Liability Management, Reporting and Information
Indicator(s):
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