Question
For Budgeting: I just want to connect in real life work scenarios as there are not many examples in the book and just one big
For Budgeting: I just want to connect in real life work scenarios as there are not many examples in the book and just one big case in a big multinational company. Pretend that the company you are in right now is a property management company, offering two sources/division: 1) Asset Management and 2) Leasing. Asset Management Division offers taking care of the properties/buildings owned by the client; while Leasing Division is the revenues from rent rolls of tenants occupying the company's buildings.
- how you evaluate inputs for the budget
- detail of what is done to prepare the budget and
- how a budget to actual variance analysis is done, including conclusions reached and any recommendations made as a result.
Please provide details (e.g. number of times a task is performed for the whole budget cycle) and include specific examples of the analysis.
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