Tag Archive
Finding Your Assumption Base -4
• Budget revisions, if required, are more easily justified and executed. It might seem that, just as you complete the current year’s budget, worksheets archive for the six-month revision. While the policy of midyear revisions should be questioned most critically, many organizations continue to waste time developing detailed budgets that will never be put to [...]
Finding Your Assumption Base -2
This is next series from previous posting in assumption. Most expenses are controllable in one way or another. Telephone expenses can be controlled with policies regarding personal use. Office supply levels can be kept down with a centralized purchasing requisition system, locking up supply inventories, or demonstrated safeguards meant to curtail minor pilferage. Insurance expense [...]
