Review the two situations and craft responses to both of them.

• Situation #1: We accrue liabilities to our creators on the balance sheet to reflect net amounts due related to our profit sharing arrangements. Assuming no prior process in place, list the steps you'd take to create a process to review one creator's accrued balance for completeness and accuracy.
• Situation #2: Imagine the marketing team has an annual budget for 2022 of $500k. Download or make a copy of this sheet and in another tab, create a tracker that communicates to the marketing team, as of the end of Q2 2022, how their actual spend compares to that which has been budgeted. Make up numbers for Q2 2022, and also make up a few examples of commentary that might explain or give context to the spend that is left and/or has been exceeded.