> For the complete documentation index, see [llms.txt](https://wiki.oikos-international.org/sustainable-finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://wiki.oikos-international.org/sustainable-finance/activities/workshops/integrated-capital-game/financial-management-reports.md).

# Financial Management Reports

**AUM** Assets Under Management is the total value of all deployed and undeployed fund assets, excluding operating cash.

**BUDGET** Projection of the expected inflows and disbursements of a fund, project or enterprise, used and modified in an ongoing way as an operating management tool.

**CASH BALANCE** Current amount of cash on hand.

**COLLECTION POLICY** Policy describing the fund's approach to collecting past due debts and recovering losses from collateral liquidations.

**COVENANT TRACKING** Report tracking financial and impact covenants, which are legally binding agreements made between the fund and an enterprise regarding expected financial and impact performance.

**CREDIT RATING REPORT** Report assessing the probability of repayment for each investment in a portfolio, based on historical and projected data and judgment.

**DEPLOYED ASSET REPORT** Report describing each investment the fund has made, including investment type, outstanding balance, credit score and repayment timeline.

**DURATION ANALYSIS** Dollar-weighted average time of asset return and liability obligations.

**EQUITY VALUATION** Projection, typically created on an annual basis, that assigns value to the ownership of a for-profit enterprise. Used to determine whether equity investments have appreciated or been impaired.

**FINANCIAL COVENANT GUIDELINES** Policy providing guidance about which financial covenants should be included in final investment documents.

**FINANCIAL REPORTING** Series of financial statements in line with accounting principles as required by law (GAAP) and management decision-making needs.

**FUND POSITION REPORT** Report used to monitor the continued financial viability of a fund with respect to its past and future obligations and investments.

**IMPACT COVENANT GUIDELINES** Policy providing guidance about which impact covenants should be included in final investment documents.

**IPS: DEPLOYED ASSETS** Investment Policy Statement for the fund's stated goals and requirements for making investments, including expected risk, return, asset mix and special constraints.

**IPS: UNDEPLOYED ASSETS** Investment Policy Statement for the fund's stated goals and requirements for how to invest undeployed assets in alignment with return, risk, liquidity and other non-financial expectations.

**PRO FORMA** Forecast of financial prospects of a fund, project or enterprise, typically used for soliciting capital.

**RESERVE MANAGEMENT POLICY** Policy for the fund's stated goals and requirements for how to determine required and discretionary reserves relative to current and future expected bad debt.

**UNDEPLOYED ASSET REPORT** Report describing the interim investment program for the fund's undeployed assets, and comparison to the borrowing costs to raise those funds.

**YIELD ANALYSIS** Analysis that compares a fund's average yield of assets against the average costs of its liabilities.