Question
Rachel is the Division Controller for an Environmental Consulting firm that performs environmental services for a number of government agencies. All regional groups roll up
Rachel is the Division Controller for an Environmental Consulting firm that performs environmental services for a number of government agencies. All regional groups roll up their budget to her and she is responsible for finalizing it, disbursing to everyone for review, and providing an analysis of variances once the actual results are available. Last month, while reviewing the actual results, she noticed that the revenue planned for the engineering group was $350K less than what they had planned for. As a result, it caused the entire Division to significantly miss their net income profit goal for the month as well. Linda has to prepare her analysis of results for their next executive management meeting and wants to ensure that she adequately explains why they did not meet the planned profit goals. What should she do:
A.Immediately send an email to the CFO and CEO letting them know that the division will not meet their revenue and profit goals for the month.
B.Call the other Division Controllers to ask if they exceeded their profit goals to see if they have overage that will make up for the deficit in her division.
C.Prepare for the meeting as she normally does and just hope that the CFO and other executives overlook the deficit.
D.Contact the Manager of the Engineering department and ask questions to determine why deviations from the plan occurred and see if they expect to make this up in future months.
E. Call in sick on the day of the Executive Management meeting and allow others on her team to come up with an explanation since she won’t be there
Step by Step Solution
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Step: 1
D Rachel should contact to the manager of engineering department and ask questions ...Get Instant Access to Expert-Tailored Solutions
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