Question

Describe how you would determine if staff authorised to manage organisation’s finances were having difficulty in using the organisation's financial system.

Answer 1

To determine if staff authorised to manage organisation’s finances were having difficulty in using the organisation's financial system., some points are needed to be checked :

1.If the organisation's assets are maintained well I.e the assets are properly working or not

2.If the cash and bank balances of the institution are going down I.e to check that the balances of the company are decreasing at a very high pace.

3.If the Current and Non current liabilities of company is increasing I.e to maintain business very muh loans are taken from different financiers

4.To check whether quality of the product is decreasing because it will only decrease when working capital needed for daily maintainance is very low with the company

5.To check whether advertisement for the product is decreasing because it will decrease only when company does not have sufficient balances with them

etc.