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The mistake many organizations make when implementing budgeting is a formal approach to distributing money among departments to perform their functions. As a result: departments are required to implement budgets, departments spend money, budgets are implemented, but no effect is achieved. To control the expenditure of resources and the achievement of results, it is necessary to implement a results-oriented budget (ROB).
As we said earlier, each CFO is allocated a certain budget to perform its functions and achieve key indicators. Accordingly, we can identify 2 main indicators of the CFO's work:
Efficiency. It represents the degree of achievement of planned key indicators and is calculated using the formula
Efficiency. This indicator represents the ratio between the resources expended and the results achieved. The achieved efficiency is determined by the formula
The indicators of efficiency and achieved efficiency are inverse: the lower the indicator, the better. The fewer resources you spend on achieving results, the more profitable it is for you.

The combination of efficiency and effectiveness is the efficiency of work and is found by the following formula:
influence the expenditure of funds by allocating budgets by the Central Federal District in terms of cost items. Payments are made using the application system. Before making a payment, it is entered into the management bolivia whatsapp number database accounting database to check whether it exceeds the allocated budget. If the budget is not exceeded, the invoice is already transferred for payment.

Control over the budget compliance by financial responsibility centers allows to ensure their planned level. But the mere spending of the planned amount does not mean that all necessary activities will be carried out and the planned results will be achieved.

In order for the CFO to achieve the planned performance plans, it is necessary to implement control over the achievement of key performance indicators (KPI). The target funnel for achieving the result helps us with this. The achievement of the planned overall result for the entire online store is influenced by the fulfillment of planned indicators for the CFO. In turn, the CFO is influenced by the fulfillment of planned indicators for departments and so on up to the final employee.