A department of finance should aim to avoid situations like this and stay within its budget by preparing a realistic budget, taking action to ensure that all commitments proceed with formal procedures, and establishing centralized and systematic systems that provide the appropriate data on spending at each stage.
What steps might a department take to stay within its budget if spending looks like it will exceed its authorized level?
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Academic.Tips. (2022) 'What steps might a department take to stay within its budget if spending looks like it will exceed its authorized level'. 5 December.
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Academic.Tips. (2022, December 5). What steps might a department take to stay within its budget if spending looks like it will exceed its authorized level? https://academic.tips/question/what-steps-might-a-department-take-to-stay-within-its-budget-if-spending-looks-like-it-will-exceed-its-authorized-level/
References
Academic.Tips. 2022. "What steps might a department take to stay within its budget if spending looks like it will exceed its authorized level?" December 5, 2022. https://academic.tips/question/what-steps-might-a-department-take-to-stay-within-its-budget-if-spending-looks-like-it-will-exceed-its-authorized-level/.
1. Academic.Tips. "What steps might a department take to stay within its budget if spending looks like it will exceed its authorized level?" December 5, 2022. https://academic.tips/question/what-steps-might-a-department-take-to-stay-within-its-budget-if-spending-looks-like-it-will-exceed-its-authorized-level/.
Bibliography
Academic.Tips. "What steps might a department take to stay within its budget if spending looks like it will exceed its authorized level?" December 5, 2022. https://academic.tips/question/what-steps-might-a-department-take-to-stay-within-its-budget-if-spending-looks-like-it-will-exceed-its-authorized-level/.
Work Cited
"What steps might a department take to stay within its budget if spending looks like it will exceed its authorized level?" Academic.Tips, 5 Dec. 2022, academic.tips/question/what-steps-might-a-department-take-to-stay-within-its-budget-if-spending-looks-like-it-will-exceed-its-authorized-level/.