Corporate Responsibility & Accountability

Corporate Responsibility & Accountability Paper details: Fin" rel="nofollow">inancial Monitorin" rel="nofollow">ing Task Analyse and monitor a budget Criteria • Monitor budget processes • Check actual in" rel="nofollow">income and expenditure again" rel="nofollow">inst budget • Identify budget deviations • Manage overspends and underspends in" rel="nofollow">in keepin" rel="nofollow">ing with organisation targets - Commercial Services works on a 5% greater than or better than - 5% under budget needs an action and to be managed and reported on to Executive & Board of Directors, if 5% over budget no action required. Task Select a budget that you are familiar with and closely analyse your cost centres and pick at least 3 issues for a cost centre/s to comment upon. Please outlin" rel="nofollow">ine these issues in" rel="nofollow">in writin" rel="nofollow">ing: Explain" rel="nofollow">in the issue and what it means : For example - The salaries are over on the year to date budget and most of it appears to have occurred from the past month. If this contin" rel="nofollow">inues this will mean that I will not have money that I have set aside for a community event which is critical to my contract targets. • Need to ensure that you thin" rel="nofollow">ink beyond simply bein" rel="nofollow">ing under or over budget. Need to tie it in" rel="nofollow">in to contract requirements etc.. Budget attached to use