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You are a contract accounts clerk for Contract Accounting Services (CAS). You have been asked by a new client to help them to understand the benefits of budgeting. You have decided to use a case study approach to assist this client. Review the Zurich Budgeting Case Study, located in Appendix. You are now required to respond to the client's budgeting questions by referencing the Zurich Budgeting case study.
Problem 1: Prepare the Client Budget Response report using information from the Zurich Budgeting case study.
1. Zurich employs 60,000 staff and serves customers in 170 countries around the world. Your client wants you to explain how budget milestones are set and confirmed by Zurich.
2. Your client wants you to explain how Zurich's system of Budget Performance Indicators could be used in any business.
3. The client needs you to explain how Zurich ensures that budgetary issues between the large variety of organisations within the group are managed.
4. The client is curious why Zurich employs so many graduates and financial professionals to manage its budget reports.
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