Explain the general concept of budgeting

Reference no: EM133210341

Assignment - Budgeting Approach Letter

Objective - You will demonstrate your ability to write in English well enough to discuss accounting procedures and concepts in a professional communication.

Directions - Assume you are a CPA. The owner of a small, but fast-growing business, Claire DeWitte, who is one of your clients, contacts you about developing a master budget for her business. She asks you to explain the general concept of budgeting, issues to consider when preparing budgets, and the costs and benefits of developing a formal budgeting process in her company.

Required - Write a short letter (maximum 200-500 words) to the client responding to these inquiries. Your response should include, at a minimum:

Appropriate salutations.

An introductory, explanatory and concluding paragraph.

Sufficient supporting information and/or examples to effectively respond to the inquiry.

Reference no: EM133210341

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