Sheet 1: Instructions

	
	

		
Instructions 
	
	
	

		


	
	

		
For each of the four components, there is an input sheet:
1. Input—month end processes
2. Input—fin. statement close
3. Input—fin. statement prep.
4. Input—fin. reporting matters.

Each input sheet has a series of questions/prompts for each of the elements of the model. 

For each of the questions, select a level of maturity from 1 to 4, with 4 being the strongest. 


Results:
Results are provided in two pages:
1. Summary of values—provides the level of maturity at a detailed level for each component and sub-component. Lower levels of maturity at a sub-component level provides areas of focus for entities.
2. Overview—provides benchmarking to expectation of maturity for the three entity types. 

	



Sheet 2: Overview 

	
	
	
	

		
Benchmarking results
		
	

		
Your entity's results are included for each component, together with the expected results for the three entity types. 
		
	

		
Component
		


		
Developing 
		
Established
		
Integrated
		
Optimised
	
	

		
Quality month end processes
		
Larger or established
		


		


		

 
		
		
	

		
Newly established
		

 
		
		


		


	
	

		
Small 
		


		

 
		
		


	
	

		
Your entity
		

 
		
		
	

		
Early financial statement close process
		
Larger or established
		
.
		


		

 
		
		
	

		
Newly established
		
	

		
Small 
		
	

		
Your entity
		

 
		
		
	

		
Skilled financial statement preparation and use of technology
		
Larger or established
		

 
		
		

 
		
		
	

		
Newly established
		
	

		
Small 
		
	

		
Your entity
		

 
		
		
	

		
Resolution of financial reporting matters
		
Larger or established
		

 
		
		

 
	
	
	

		
Newly established
		
	

		
Small 
		
	

		
Your entity
		

 
		
		
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		

 
		
		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		

 
		
		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		

 
		
		


		


	

 
 
 
 
 
 
 
 




Sheet 3: Summary of values  

	
	
	
	
	
	
	
	

		
Summary sheet
		


		
Result range
		
	

		


		
	

		


		
	

		


		
	

		


		


		


		
	

		
Component
		
Average maturity
		


		
Developing 
		
Established
		
Integrated
		
Optimised
	
	

		
Quality month end processes
		
2.4
		


		

 
		
		
	

		
Reconciliations
		
3.5
		
1
		
	

		
Reporting
		
2.0
		
1
		
	

		
Internal quality controls 
		
2.0
		
1
		
	

		
Early financial statement close processes 
		
3.7
		


		

 
		
		
	

		
Early close 
		
3.0
		
1
		
	

		
Audit and audit committee relationships
		
4.0
		
1
		
	

		
Asset valuation
		
4.0
		
1
		
	

		
Stocktakes 
		
4.0
		
1
		
	

		
Skilled financial statement preparation processes and use of appropriate technology
		
1.7
		


		

 
		
		
	

		
System
		
1.0
		
1
		
	

		
Staff skills
		
1.7
		
1
		
	

		
Integration and data quality
		
2.0
		
1
		
	

		
Internal controls 
		
1.3
		
1
		
	

		
Tailored disclosure
		
2.5
		
1
		
	

		
Timely identification and resolution of financial reporting matters 
		
3.6
		
1.0 
		
		
	

		
Matters are identified
		
4.0
		
1
		
	

		
Analysis performed 
		
4.0
		
1
		
	

		
Consultation 
		
3.0
		
1
		
	

		
Overall maturity 
		
2.8
		


		


		
	

		
End of summary sheet