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.