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QUESTION
3pgs
- 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.
