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Financial Operations Assessment Details:
Deadline:*: As Per Required
Number of Words: 3000
Citation/Referencing Style: APA
- Outline and discuss key elements of a cash management framework?
- Cash flow forecasting is a key to ensure that government has sufficient cash to meet its commitments.
(a). How do you go about putting a cash flow forecasting model together?
(b). What system would you use to forecasting future cash flows?
- Effective cash flow forecasting requires coordination/cooperation with stakeholders.
(c). Can you provide us with brief example where you had to coordinate with others to achieve a goal?
(d). What were the challenges and how were they addressed?
- The National Treasury has developed an IT system to manage all money market transactions. The new system requires that the Cash Management Unit staff’s current business processes change completely. The staff is reluctant to change their business processes, use the new system and have many concerns on how the system functions.
(a). How would you go about managing the situation?
- How would you establish the degree of staff morale? What actions (if any) would you undertake to improve morale and why?
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