Evaluate the monitoring and control of finance employed in support of organizational activities

Monitoring and control of finance employed is as important as the planning, acquisition and utilization. Organizational priorities stem from the overall vision and mission of the organization and travel down to policy, longer term objectives that eventually translate into operational goals and daily routines. As we discussed in the previous sub task A.C.3.2 budget is a very efficient way of setting priorities and targets. This budget is nothing but a short term goal that links with the strategic objective of any business organization. For example a yearly budget has to be in line with the 5 year business plan in order for the organization to achieve what it aims to achieve in the longer run.

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