What is the budget cycle in the organization?
What is the overall budget process?
What organizational area provides overall budget coordination and control functions?
What function do you play and your area of responsibility play in the overall budget process?
How is the budget used to make plans for the upcoming year?
How is the budget used to communicate senior management goals and objectives?
What method(s) are used to estimate budget amounts?
What systems or software tools are used to aid in preparation of the budget?
How is the final approved budget communicated?
Does your organization report variances between the budgeted plans and the actual results? If so, how frequently and in what manner?
How are budget variances reported and resolved? What actions are taken to resolve variances?
Are budget results considered as part of employee annual reviews and compensation?
What levels of employees, at your organization, are involved in the budget process?
Do you think that the budget process at your organization serves as an effective tool in communication, planning, and control related to resource allocation? Why or why not?
What advice would you give, based on your experience, to a new organization who is developing a new budget process?