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
I need a report on the topic Inventory Turnover Ratio. Can you please assist me for Inventory Turnover Ratio report for about 2500 words?

We can measure the portfolio duration by calculating the weighted average of the duration of the bonds in the portfolio. The proportion of the portfolio that a se

A firm requires a clear policy regarding as to whether the credit should be authorized to a customer and if yes to what extent. Credit principles are set for making such decisions.

Question 1 Under a hire purchase deal structured by X Finance Ltd. for Y Corporation, the finance company has offered to finance the purchase of equipment that costs Rs. 200 la

You have $21 to spend on prawns and potatoes. Prawns cost $20 per kilo and potatoes cost $2 per kilo.   (a) Supposing you can buy as much or as little as you want of prawns and

Report based on Capital Investment Plans   To analyze the capital investment plans of Hatsun Agro Products Limited (HAPL) we shall look at the capital expenditure of HAPL in

Enumerate the Internal development of any business or 'organic growth' Business grows using its own internal resources. - Reduces risk of the high cost of integrating cultur

Why is the replacement value of assets method not generally used to value complete businesses? The replacement value of assets method isn't often applied to entire business val

State about the equity owners Flip side of the coin is that the equity owners are also owners of all the profits which remain after all the debt holders are paid their interes

The management of Nelson plc wish to estimate their firm's equity beta. Nelson has had a stock market quotation for only two months and the financial management feels that it would