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Explain the process for creating an operating budget

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Assignment

Write a 350- to 700-word executive summary that explains to the board of directors how you developed the budget and its importance.

Include the following in your summary:

• Explain the process for creating an operating budget and its importance.
• Explain how revenues and expenses are grouped for planning and control in the financial statements.
• Explain the differences between cash and accrual financial systems.

Cite at least 2 sources, including your textbook.

Format your assignment according to APA guidelines.

Reference no: EM131420174

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