Some of these settings determine how the organization budget tools function and who can access that functionality. They also allow the fine tuning of the basic security settings for user access to organization budgeting and reporting functions.
Users with a focus on the Organization Management Context are linked to an organization manager authority structure that must be created, since it is not recorded in your accounting system. This enables you to set up a work flow process for originating and approving organization budgets and outlooks or re-forecasts. These settings can be established with the Maintain Organization Budget Approvers function.
These settings determine both how organization budgeting tools work and who can access these tools. Establishing and managing organization budgets are a critical part of establishing a cooperative, collaborative process of organization financial accountability. This can impact your company's ability to ensure that indirect expenses are properly absorbed through the billing process to maximize profitability.