Explain implement budget-financial delegations, Financial Management

1: How will you inform your managers and supervisors about budgets, reporting requirements and financial delegations?

2: What mechanism you will implement to ensure that there are no opportunities for misappropriation of funds and that all financial transactions are properly recorded?

3: Review and discuss profit and loss statements, cash flows and ageing summaries with your budget and analyse the variances.

4: How will you revise your budgets, as required, to deal with contingencies and variances?

5. How would you maintain audit trails to ensure accurate tracking and to identify discrepancies between agreed and actual allocations?

6. How will you ensure compliance with due diligence process?


Posted Date: 3/8/2013 1:37:46 AM | Location : United States

Related Discussions:- Explain implement budget-financial delegations, Assignment Help, Ask Question on Explain implement budget-financial delegations, Get Answer, Expert's Help, Explain implement budget-financial delegations Discussions

Write discussion on Explain implement budget-financial delegations
Your posts are moderated
Related Questions
The data on sales performance in LS Company has shown a important downward trend over the last year. The Marketing and Sales Department is blaming the Finance Department for the po

You deposit $500 today in a savings account that pays 3.5% interest, compounded annually. How much will your account be worth at the end of 25 years?

What can a financial institution often do for a deficit economic unit (DEU) that it would have difficulty doing for itself if the DEU were to deal directly with an SEU? SEUs us

(a) Prior to FAS 133 if companies qualified for hedge accounting their hedges were assumed to be perfect-no valuation or testing required. Currently under FAS 133 risk managers se

Q. How to calculate correlation co-efficient? The correlation co-efficient measures the nature and the extent of relationship between the stock market index return and the stoc

Jessica is given the opportunity to invest $5,000 now and receive $5,700 at the end of one year. However, she could only invest $1,000 of her own money and would need to borrow the

Operational Rules for Financial Management Besides features, certain operational rules are established as to the subsequent: 1) While revenue and expenses are reported;

Alpha and Beta Companies can borrow at the subsequent rates.                                                            Alpha               Beta Moody's credit rating

Q. Explain Short- and long-term financing mix? In forming a fresh business there is no business history to present to the bank thus there is additional uncertainty which will n

Q. Investigate the following functions for both horizontal and vertical asymptotes, x and y-intercepts, and state the domain and range of each and where the function is increasing