4-5 body pages (Budgeting)
11:35 PM (CST)
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Unit 3 Individual Project
Assignment Details Assignment Description
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 4–5page 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.
Please submit your assignment.
Your assignment will be graded in accordance with the following criteria. Click here to view the grading rubric.
For assistance with your assignment, please use your text, Web resources, and all course materials.
Reading Assignment
Shim; Siegel: Ch. 7, 9, 11, 12
Assignment Objectives
Differentiate budgeting operational plans, cost categories, and budgeting guidelines.
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Assignment Overview
Type: Individual Project Unit: Budgeting Operational Plans Due Date: Tue, 1/16/18 Grading Type: Numeric Points Possible: 100 Points Earned: 0 Deliverable Length: See assignment description
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Assignment Details Learning Materials Reading Assignment
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