Question

Question 8

The CEO is trying to manage the level of motor vehicle costs which are putting pressure on the business. You have completed next year’s master budget including motor vehicle expenses.

1. What management controls would you suggest in your notes accompanying the master budget for approval? (100–120 words)

2. The CEO has asked for your input into establishing budget timelines. Briefly explain how you can use the concept of a budget calendar in describing reporting timelines to reply to the CEO. (150–200 words)

Answer 1