Prepare a sample daily expense sheet

Reference no: EM131910055

Part 2 (Task 1)

Standard Operatingprocedure (SOP) of Budget

Prepare procedures addressing following:
- How the budget will be communicated to stakeholders
- What types of reports will be generated ( daily expense report, item wise report, variance report etc. / how frequently/ responsible person
- How expenses will be controlled( monitoring expense activities, reducing wastage, generating variance report and acceptable level of variance

Variance Report

ITEM	Budget for 3 days	Actual for 3 days	Variance	Favorable/ Unfavorable (F/ UF)	Recommendation
Accommodation	Not more than $200/night	Not more than $300/night	$100/ night	UF	Monitor expense Training to housekeeping staff
Equipment		$1,000
Food /catering		$5,040
Recreational Hall		$8,570
Round tables with chairs		$3,020
Lights on the last day for musical night and carnival		$1,050
Small stage for speeches and individual performances.		$580
Floral decoration		$640
Small Bouquets - 28		$560
Transport ( 50 passengers)		$550

Sample Daily Cash Sheet

Prepare a sample daily expense sheet

Part 3 (Task 1)

Personal Reflection

1. Provide brief outline ofweekly expenses ( actual expense)in various item

2. Recommend areas of improvement in budget

3. Discuss what new approaches on budget management can be adopted in future. See below for some approaches on budget management:
- discussions with existing suppliers
- evaluating staffing requirements
- reviewing operating procedures
- Sourcing new suppliers etc.

Attachment:- budget_TEM.rar

Reference no: EM131910055

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Reviews

len1910055

3/21/2018 7:55:31 AM

I have already done half of the assignment and need to finish off from where I left. I have send the question ,template and my work. Please revise my assignment as well as finish it. Just finish task 2 and 3 . What u need to do is in the template for task 2 and 3. Word count is not a big issue just needs to answer all questions

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