Deliverable Length:
4-5 pages
Today, many companies face budgetary challenges on a continual basis. Two critical aspects that businesses lack are effective control practices and monitoring. You have been asked by your manager of the Money Cares Investment Corporation, to outline problematic or risk areas in the company’s financial procedures. Upon reviewing the budget, you notice that there is overspending in marketing supplies, transportation, and workshop items that include hospitality items such as food and drink for the customers. Each investment specialist is given a company credit card for the above expenses but there are no policies established for monitoring. Money Cares is a small business of 8 employees: CEO, Financier, a manager, 3 investment specialists, and 2 clerical assistants.
For this assignment you must identify possible risks for the Money Cares Investment Corporation. In establishing an investment company, you must answer the following
What could go wrong?
Identify at least 3 possible risks.
What must happen in order for the company to succeed?
What are the company’s most vulnerable areas?
Identify the company’s assets
Where is the most money spent?
How should the budget activities be regulated?
.
Deliverable Length 4-5 pagesToday, many companies face budge.docx
1. Deliverable Length:
4-5 pages
Today, many companies face budgetary challenges on a
continual basis. Two critical aspects that businesses lack are
effective control practices and monitoring. You have been asked
by your manager of the Money Cares Investment Corporation, to
outline problematic or risk areas in the company’s financial
procedures. Upon reviewing the budget, you notice that there is
overspending in marketing supplies, transportation, and
workshop items that include hospitality items such as food and
drink for the customers. Each investment specialist is given a
company credit card for the above expenses but there are no
policies established for monitoring. Money Cares is a small
business of 8 employees: CEO, Financier, a manager, 3
investment specialists, and 2 clerical assistants.
For this assignment you must identify possible risks for the
Money Cares Investment Corporation. In establishing an
investment company, you must answer the following
What could go wrong?
Identify at least 3 possible risks.
What must happen in order for the company to succeed?
What are the company’s most vulnerable areas?
Identify the company’s assets
Where is the most money spent?
How should the budget activities be regulated?
