Finance Shared Services implementation plan relates to the roles and responsibilities of all members within the Finance Domain in Defence. Finance shared services model is a combination of pooled and embedded functions. Pooled functions within central Chief Finance Officer Group (CFO) head office includes:
Embedded functions performed by CFO Finance staff embedded withinn each Group/Division and Branch include:
The Chart of Accounts (part of FINMAN 3) is the framework for categorising the ‘who’ and ‘what of an organisation’s financial transactions. It is the backbone of the financial and accounting management system and underpins Defence’s external and internal reporting requirements.