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: Describe the meaning and the components of a financial reporting system. Explain the budget cycle and process. Write a description of how management should use an activity based budget instead of an operating budget Explain the similarities and differences of the two budgets Give an example of budget guidelines that ICBI should follow in order to successfully plan. Identify and describe at least 5 basic budget guidelines. Remember to use the library or other credible resources to support your argument.
Format: 1000-1500 words (excluding title page, appendix or references) Submission must be based on typed A4 size paper using Times New Roman 12 font and 1.5 spacing. Harvard Referencing Style.
August 4, 2017Based on the skills perspective, answer the three questions provided at the end of your selected case study.
August 4, 2017You 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: Describe the meaning and the components of a financial reporting system. Explain the budget cycle and process. Write a description of how management should use an activity based budget instead of an operating budget Explain the similarities and differences of the two budgets Give an example of budget guidelines that ICBI should follow in order to successfully plan. Identify and describe at least 5 basic budget guidelines. Remember to use the library or other credible resources to support your argument.
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:
- Describe the meaning and the components of a financial reporting system.
- Explain the budget cycle and process.
- Write a description of how management should use an activity based budget instead of an operating budget
- Explain the similarities and differences of the two budgets
- Give an example of budget guidelines that ICBI should follow in order to successfully plan.
- Identify and describe at least 5 basic budget guidelines.
- Remember to use the library or other credible resources to support your argument. Be sure to cite your sources using the correct standard of APA.
