Flowcharts like this are useful for clearly expressing the evolution of a budget and capital expenditure. This flowchart displays a project step by step from initiation to completion.
Text in this example:
Project cost variance >5%
Accounting Manager assigns project code
Approved by CEO?
Approved by CFO?
Approved by dept. manager?
Detailed budget & justification
New Project initiated
Budget prepared annually and reviewed quarterly
Capital budget report reviewed monthly
Get CFO authorization
Acct. manager enters asset into fixed asset system
Asset Tag paperwork sent to accounting manager
Acct. clerk assigns asset tag
Project completion certified
Fixed asset system reviewed monthly