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Michael Hannigan
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Category: General
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Experience:  25+ Years in the field
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If you were a manager and were stuck with a budget that was

Resolved Question:

If you were a manager and were stuck with a budget that was inaccurate because of faulty math on the part of your finance liaison what could be done about it? How important is checking the underlying calculations in a budget you are tasked with managing?
Submitted: 5 years ago.
Category: General
Expert:  replied 5 years ago.


If you have already submitted your budget and it has been approved, then most likely nothing at all. You would have a serious problem on your hands.


It's absolutely imperative that you check, and re-check a budget for which you are responsible before submitting it. Having a miscalculation in your budget could result in substantial financial loss to the company, and would almost certainly result in the loss of your job.

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