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
What were the main objectives of the Bretton Woods system? Answer: The major objectives of the Bretton Woods system are to acquire exchange rate stability and promote internation

You are required to choose a company for analysis. This company should be quoted on one of the principal international exchanges. It may be your own company. You should then do the

Question 1: (i) How are education and economic growth connected? (ii) Explain how the export promotion trade strategy may be more growth promoting for developing economies,

Accounting Period - Accounting Principle Accounting period refers to span of time at the end of that and for which the financial statement are prepared to throw light on the r

Benefits of Going private company A public company has its shares purchased by a small group of people and ceases to be listed on stock exchange. This has many benefits includ

Due to the complexity of the tasks involved in many projects, communication of responsibility for those tasks is often helped by means of graphical planning techniques.

Q. Implications of Gordons fundamental valuation? Explanation: - The implications of Gordon's fundamental valuation may be as below: (1) While the rate of return of the firm

Basics of  Callable Bonds A callable bond is a convertible bond with the favorable feature of call option available to the issuer. When the fir

Illustration  Find out the value of zero-coupon bond when maturity value is Rs.1,00,000, discounting rate is 12%, and the period is 25.  Then,

I need to prepare a monthly cash flow for a company with the given information, and need to comment on the current performance and the future sales increment. Then we need to find