Components of a financial reporting system

Assignment Help HR Management
Reference no: EM13747972

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 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.
  • 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 five (5) basic budget guidelines.

Reference no: EM13747972

Questions Cloud

What motivated settlers to face dangers to move west : What motivated settlers to face dangers and hardships to move west? How important were the cattle industry and mining in fueling westward expansion?
Focus on creativity and innovation : Select an organization that would benefit from a new focus on creativity and innovation. Attain faculty approval of the selected organization prior to beginning this assignment.
Self-directed leadership preparation : Summarize the action steps of your plan in the order in which you intend to accomplish them. You will describe how each action step supports your development goals and how each of the steps relates to and builds upon one another.
Write essay about renaissance in northern europe paint work : I need a 3-4 page long, essay MLA format about The Renaissance in Northern Europe paint work. My essay must talk about Michelangelo Buonarroti and the enormous David marble masterpiece.
Components of a financial reporting system : Describe the meaning and the components of a financial reporting system. Write a description of how management should use an activity based budget instead of an operating budget
How drosophila can be used in genetics lab : How drosophila can be used in genetics lab
Different types of organizations : Select at least three different types of organizations. Write a 700- to 1,050-word paper in which you evaluate the impact of innovation on your selected organizations.
What did you learn from your classmates posting : What did you learn from your classmate's posting? What clarification do you need regarding the posting? If not, what additional points can you make to directly refute your peer's statements?
Education in promoting innovation in organization : How would you identify and characterize the roles of incentives, training, and education in promoting innovation in your organization?

Reviews

Write a Review

 

HR Management Questions & Answers

  Components of an international compensation program

Discuss the key components of an international compensation program. Give an example of one of these components and how it has affected a company of your choice.

  Strategic leadershipexplain the corporate culture of your

strategic leadershipexplain the corporate culture of your organization relative to strategy execution and leadership

  Hr professional as change agentselect an hrm or

hr professional as change agentselect an hrm or organizational topic trend or issue from below- expatriates and

  Tyco international case study1- what role did tycos

tyco international case study1- what role did tycos corporate culture play in the scandal?2- how did dennis kozlowski

  Important information about it professionschoose two of the

important information about it professionschoose two of the it professions researched that are best suited to your

  Integration of faith and leading change

Paper on the integration of Faith and Leading change. The essay must include at least 2 references in addition to the course textbooks and the Bible.

  Psychological contract begins developing

The psychological contract begins developing during the interview. How have you personally encountered what Martocchio refers to as the psychological contract. Has it been maintained or violated in your work experience. How do you think it is d..

  Selection system for the hr departmentnairduwel inoalot and

selection system for the hr departmentnairduwel inoalot and imslo nii is a law firm specializing in business law. among

  Explain the basic premise of both community and

describe the basic premise of both the community and market-oriented approach to health care. to what extent is each

  Write down a 500- to 700-word paper which describes

write a 500- to 700-word paper that describes decision making in the workplace. remember that you are not making the

  Several proactive responses organization

This chapter outlines outlined several proactive responses organization can make to the environment: Strategic maneuvering, Cooperative strategies, Independent strategies.

  Reflection of personal experience

This assignment is designed to integrate the reflection of personal experience and the information covered in the textbook.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd