1.
Obtain (or develop) a description of your corporate budgeting system (including typical corporate
and functional budget structure)
2.
Determine whether your declared corporate
budgeting system matches the actual
one
3.
Determine whether your actual revenues and
expenditures match the budgeted ones
4.
Determine how efficient your corporate budgeting
system is in generating financial and aggregate value (and maximizing financial
and operational corporate performance)
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