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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?
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I want help regarding my FM assignment.
mention the advantages and disadvantages of the traditional approach
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