Unit 5 Individual Project
45 pages with the references
Today, many companies face budgetary challenges on a continual basis. Two critical aspects that businesses lack are and monitoring.You have been asked by your manager of the Money Cares Investment Corporation, to outline problematic or risk areas in the companys financial procedures. Upon reviewing the budget, you notice that there is overspending in marketing supplies, transportation, and workshop items that such as food and drink for the customers. Each investment specialist is given a for the above expenses but there are no policies established for monitoring. Money Cares is a small business of 8 employees: CEO, Financier, a manager, 3 investment specialists, and 2 clerical assistants.
For this assignment you must identify possible risks for the Money Cares Investment Corporation. In establishing an investment company, you must answer the following
What could go wrong?
Identify at least 3 possible risks.
What must happen in order for the company to succeed?
What are the companys most vulnerable areas?
Identify the companys assets
Where is the most money spent?
How should the budget activities be regulated?
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