iPhone Calendar; Outlook 2007 Sync Error

I have an iPhone 5 with the 7.1.2 and the newest version of iTunes as well as the newest version of iCloud Control Panel.

Once I create a meeting|appt on my Outlook via computer (Win 7) it syncs to the iPhone calendar. (Good thing)

But if I were to change the day, time, or location from outlook .. it doesn't take effect on the iPhone and no point and time. (Bad thing)

Thoughts?

-Thanks in advanced!