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Preparation of financial reports

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Reference no: EM131203524

Q 1: Describe in 30 to 50 words about THE GENERAL LEDGER what the budgets / reports are and how they might be used to inform a team's operations

Q 2: What details might be provided in a financial report? Discuss in 120 to 150 words.

Q. 3: How can employees be engaged in the preparation of financial reports, allowing details to be easily disseminated among team members? Discuss in 80 to 100 words.

Q 4: What are cost centres? Discuss in 100 to 120 words. Give examples of cost centres that might be encountered in an organisation.

Q 5: Why should team or work group members be actively involved in designing and developing contingency plans? Discuss in 80 to 100 words.

Q 6: Explain how contingency plans work. Discuss in 80 to 100 words.

Q 7: Which form of budget allows changes to be made? Discuss in 50 to 80 words.

Reference no: EM131203524

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