1. The field of finance deals with two basic decisions. They are the investment decision (to what projects or assets should funds be allocated) and the financing decisions (from where should the funds be obtained). How would you organize your areas of responsibility if you were the CFO of Procter and Gamble (departments and responsibilities, key positions, accountabilities, etc.) to deal with these responsibilities plus other activities including accounting, reporting, risk management, strategic initiatives, shareholder relations, etc.? An organization chart should be included to supplement the written analysis.

2. If you were the CFO of Procter and Gamble, what guidelines would you establish for approval of proposed capital budgeting projects (i.e., what specific criteria would projects have to meet and why)?