Rescinded [2017-10-18] - Guideline On Common Financial Management Business Process 5.1 - Pay Administration
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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 labeled 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:
- Need Identification is indicated by the Request;
- Obligation is the Recognition of the Obligation;
- Performance, Validation and Certification is indicated by the Invoice; and
- Payment is indicated by the Deposit.
From the Expenditure perspective:
- Need Identification is indicated by Expenditure Initiation;
- Obligation is the Recognition of the Obligation;
- Performance, Validation and Certification is indicated by Section 34 of the FAA; and
- Payment is indicated by Section 33 of the FAA.
The bottom layer is a chevron labeled Master Data, Integration, Control and Monitoring.