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متابعة

What are the main issues and key areas to look after while revising budget of the company?

Some of the issues, I noticed in revising the budget are;

i. Adequate provision for the change in Raw Material/product Cost

ii. Increase in cost due to inflation and,

iii. Volatility of oil prices

iv. Uncertainties of the sales forecast and demand

 

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تم إضافة السؤال من قبل Sunil Pandey , Auditor , MB Group
تاريخ النشر: 2016/03/29
Ismail Hashem
من قبل Ismail Hashem , Financial Controller , Tratrix Eng. Ltd

I have a monthly budget for the expenses expected for the next year

II have to compare, monthly,  the actual expenses, year to date, to the budget, to control the expenses if it exceed the budget

مستخدم محذوف‎
من قبل مستخدم محذوف‎

Basic business planning feature is that it allows you to create a focus on the direction of your business and provide the goals that will help your business grow . It will also give you the opportunity to stand back and review the performance and the factors that affect your business. Business planning can give you: Greater capacity to introduce continuous improvements and anticipate problems Financial information apparently on the basis of decisions Improve the clarity and focus Greater confidence in your decisions

Attiquah Rahim
من قبل Attiquah Rahim , General Manager Operations , Best Buy Trading

The expeditures should be backed up with PSI or unusal asset potential purchases.  Accountability of payroll increments should be taken into account especially those based on sales incentives.  

Shahbaz Hayder
من قبل Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

  • Changes in the Sales Plan
  • Changes in the Production Plan
  • Significant changes in the Material prices
  • Significant changes in the Labor rates
  • Identification of material variances
  • Significant changes in credit / payment terms
  • Changes in regulations imposing certain conditions on production or sales
  • Availability of budgeted funds

 

 

Khursheed Ahmed
من قبل Khursheed Ahmed , Senior Manager Finance & Accounting , ZULTEC GROUP

Inflation rates in the relevant industry

Current trends in the industry like oil industry is highly volatile nowadays

Past trends and how they will replicate in the current budget

Allowance for budget or deflationary gaps

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