Financial Governance and Management of Investment Projects
Financial analysis of projects has been conducted , to improve the uniformity, approach, and coverage of financial analysis, issued Guidelines for the Preparation and Presentation of Financial Analysis . It has undertaken a review of the Guidelines to ensure that they reflect current policies, rules, and procedures, and developments in financial management and analysis practices. They describe the philosophy, policies, and approach to financial management of executing agencies and financial analysis of investment projects. They have been prepared for the benefit of participants who evaluate financial management practices of executing agencies or undertake financial analysis of investment projects. It deals with countries and sectors that are at different stages of development and that have different resource and staff constraints. Recognizing these constraints, the Guidelines need to be applied in a realistic, practical, and flexible manner. The financial analysts and financial management specialists have the discretion to determine the extent to which the Guidelines will apply in particular circumstances. The advice, directions and recommendations in the Guidelines should not be regarded as a substitute for initiative. The staff should always exercise resourcefulness and imagination in reaching sound professional judgments.