Capital Expenditure Approval Checklist ( FINANCE )

This checklist outlines the necessary steps to approve capital expenditures, ensuring that all financial commitments are justified, properly documented, and approved by the relevant stakeholders.

• Identify Capital Expenditure Request

  Review the request for capital expenditure to ensure it aligns with strategic objectives and provides necessary details.

• Gather Supporting Documentation

  Collect all relevant documents including project proposals, cost estimates, and expected return on investment (ROI) analysis.

• Evaluate Financial Impact

  Analyze the financial implications of the expenditure by reviewing budget impacts, cash flow forecasts, and ROI calculations.

• Obtain Necessary Approvals

  Ensure all approvals are obtained from relevant stakeholders, including department heads and finance team.

• Document the Approval Process

  Keep a record of all communications, approvals, and related documents to maintain transparency in the process.

• Communicate the Decision

  Inform the requester and relevant parties of the approval decision, including any conditions or next steps.

• Monitor Expenditure

  After approval, track the actual expenditures against the forecasted budget to manage financial performance.