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You are an individual within the finance area of your company, and you are preparing final budgets to present to your board of directors for the coming year
You are an individual within the finance area of your company, and you are preparing final budgets to present to your board of directors for the coming year. You have been approached by managers all in different areas of the company asking you to forecast expenses at double your initial expectation, while another group has asked you to forecast expenses at only 10% of the your initial expectations. When you choose to follow a method, you must apply it equally over the organization. Make a decision on how you would change your expense allocation and prepare an argument for it, and how this will affect your day-to-day operations.
Expert Solution
I would look at the increase in the budgets in all areas. I would take the specific data of these areas, and I would issue cutbacks in areas that were "padded". I would divide evenly the expenses across the board once this had been accomplished. This way no one area is superseding the other in terms of the allocation of expenses.
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