Management Reporting - Revenue Cycle (Alberta Council)
From SJA
This is a draft document.
Contents |
The Need
This section addresses useful reporting and analysis related to teh revenue cycle for purposes of better managing the business.
Policy
The company shall produce such management reports in respect of the sales cycle as are useful and necessary for managing and controlling the business.
Purpose
This Statement of Policy and Procedure addresses the regular reporting and analysis requirements relating to the revenue cycle that must be produced and reviewed to control and manage the organization. These will address the following control objectives:
- Provide timely and accurate information needed by management and others to discharge their responsibility
- Prepare financial reports on a timely basis and in compliance with applicable laws, regulations, rules or contractual agreements
Scope
This policy applies to the Finance Department.
Responsibilities
- The Finance Department is responsible for producing management reports as required by other polices and also those that are deemed useful and necessary by the Provincial Management Team and Provincial Executive Team.
- The Vice President of Corporate Services and the Finance Manager are responsible to review reports produced under this policy, distribute them as appropriate, and ensure that appropriate actions are taken as a result.
Definitions
- "Revenue system of accounts" means a series of accounts maintained in the general ledger of the company to record revenues.
References and Related Statements of Policy and Procedure
None.
Procedures
Statistic Analysis
- Statistics Analysis Reports shall be produced on a monthly with a year to date category. The reports shall follow the same level of detail caputured in the revenue system of accounts.
- Sales information is confidential and will be marked "Private and Confidential". Statistic Analysis Reports will be distributed to the Provincial Executive Team and the Provincial Management Team.
Attachments
None.
