Budgeting

• Review the current organization structure and define responsibility centers in line with the organization's strategic objectives.

• Review the existing chart of accounts, add or modify accounts where necessary, and determine the income and expense accounts which are influenced by each responsibility center.

• Conduct training for the officers and supervisors responsible for each center and explain the techniques to be used to prepare their respective budgets and the interface with asset/liability management.

• Help to develop the appropriate personal computer based model to summarize the data from the responsibility centers to generate an organization-wide budget including year-to-year comparisons, variation reports, and capital expenditure reports.

• Help to establish a monthly reporting process to provide feedback on the monthly and year-to-date actual versus budget comparisons.