Budgeting Operational Plans
Tue, 10/24/17
Numeric
See assignment description
Assignment Objectives
Differentiate budgeting operational plans, cost categories, and budgeting guidelines.
You were recently hired as management director of the new I Can Business Incorporated (ICBI). You have been asked to establish policies and systems for the business. The first one you choose to work on is a financial reporting system.
For this assignment, you must develop a 4–5-page memo that you will deliver to the board of directors of ICBI. You will describe what a financial reporting system is and explain how management of ICBI should use an activity based budget instead of an operating budget. Be sure to explain the similarities and the differences of the two. Finally, give examples of budget guidelines for ICBI. You must answer the following questions:
Shim; Siegel: Ch. 7, 9, 11, 12
Hi there! Click one of our representatives below and we will get back to you as soon as possible.