Employees may manipulate the budge? As a manager how to prevent one department from manipulating the...

Employees may manipulate the budge? As a manager how to prevent one department from manipulating the budget to ensure the company's goals are maintained?

Expert Solution

Budget(in company terms) is an estimated amount prepared for the company to work and grow in the company in the coming years In companies a budget is an internal tool used by management.

Involves an expert team

During the preparation of the budget, we should include an expert team in the preparation of budget who had more experience in the firm and the employees who are trustworthy for the company. Thus they will be making the budget with there full determination and commitment.

Track everything

As a manager should track everything in the company that every single thing we thought we should have a track on the expert team in the preparation of the budget.

Communication with employees

We should have communication with employee thus if there is any chance of manipulation we can get it from the communication that we had with the employee.

The manager should be included in the expert team

As a manager, I should be also an part of expert team so that I will be always part of team is there is any manipulation we will be able to find it.

Proper planning

The budget should be prepared only in a well-planned manner thus as the budget is the phenomena that make the company work and grow in the coming years. Thus any manipulation can affect the company's overall working.

ekkarill92 answered 1 year ago

How credit checks helps to prevent employees fraud in business?

How the Human Resources Department rewards the employees?

How can one prevent oiling out?

How might a public manager motivate their employees?

Estoppel: The doctrine of estoppel may prevent the union or the employer from relying on and...

Estoppel: The doctrine of estoppel may prevent the union or the employer from relying on and enforcing the terms of the collective agreement. Where a party makes a representation to the other, by way of words or conduct, indicating that an issue will be dealt with in a manner different from the provisions of the agreement, the party who made the representation will not be able to later insist upon the collective agreement being enforced. Statements made by a party...

A manager in the human resources department randomly selected five employees files and recorded the following...

A manager in the human resources department randomly selected five employees files and recorded the following data on X = number of weeks of paid vacation (annually) and Y = number of sick days claimed by the employee in the previous year. An analysis of the linear relationship between X and Y is desired. a) Find the value of b0 and b1 b) Find the regression equation c) Interpret the meaning of the Y intercept b0 d) Predict the number...

How can you prevent ovulation? How can you prevent spermatogenesis? How does oogenesis differ from spermatogenesis?...

How can you prevent ovulation? How can you prevent spermatogenesis? How does oogenesis differ from spermatogenesis? What are nurse cells? What causes the release of LH and FSH?

Financial contagion may results in lost integrity in the entire financial system. To prevent this from...

Financial contagion may results in lost integrity in the entire financial system. To prevent this from happening, the Fed may Select one: a. consult with private deposit insurance programs to cover the losses of insolvent banks. b. forgive banks liabilities. c. act as the lender of last resort to decrease the money supply. d. act as the lender of last resort to make short-term emergency loans, as needed. How do central bank policies affect interest rates? Select one: a. When...

You are a mid-level procurement manager for your company. (You may choose one from the list...

You are a mid-level procurement manager for your company. (You may choose one from the list below.). Your department VP has called you in and given you a special assignment. The company is thinking of outsourcing the entire production of a group of non-core and lower-tier products. (It intends to maintain production of its “flagship” or core products and the most profitable parts of its product lines or product groups.) It is considering making this move, because the company has...

1) What can a nurse manager do to prevent such behavior on their unit? 1b) How...

1) What can a nurse manager do to prevent such behavior on their unit? 1b) How can a nurse manager intervene when conflict arises on the unit? 2) What factors have encouraged uncivil behavior in the profession of nursing? 2b) What policies can be put in place by an institution to encourage a civil working environment?

Question