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.