fnsacc523 assessment 1 - oral presentation . 1. Distribute budgets to every member of the team? 2. Discuss and review all assumptions and parameters being set for each of the budgets in accordance with organizational policies and procedures? 3. Discuss and review the accuracy of their respective budgets? 4. Use appropriate language in reporting their figures, including budgeting concepts / terms in their explanations? 5. Explain how accounting principles of accrual accounting and double-entry bookkeeping were applied when implementing and monitoring their budgets? 6. Explain the importance of statistical analysis and variance measurement as a means of ensuring: a. strong internal controls? b. upholding corporate governance objectives