Budgting ip3 Essay Example | Topics and Well Written Essays - 750 words

Budgting ip3 - Essay Example Finally, this memo will identify the guidelines for a budget that ICBI should adopt. A financial reporting system can be defined as the provision of information relating to the financial performance of the organization, and the usage of an organization financial resource. Financial reporting promotes accountability, which is an important factor that determines the success or failure of a business organization (Heath, 2012). In providing this information, financial reporting gives a summary of a detailed financial data, and it then presents this summarized information in a manner in which people with no accounting experience can understand. One major component of financial reporting system is the availability of information. It is this information that the financial reporters will use to develop budgets, analyze and forecast the flow of the organizations cash, create a dashboard report, identify the key financial indicators, and also provide financial restatements. All these are components of financial reporting. One of the recommended financial reporting systems for the organization to use is the budget (Shim and Siegel, 2012). There are two main types of budgeting, namely activity based budgeting and operating budgeting. The recommended type of budget to use is the activity based budgeting. This is a type of budgeting whereby the activities which incur costs at various functional areas of the organization are written down, and there relationships are thereafter analyzed and defined (Sharma, 2010). Budgeters will then tie these activities to strategic goals of the organization. The costs that the organization incurs in running these activities are then used for purposes of developing a budget. On this note, by considering the cost structure of a given organization, through the various activities that the organization performs, financial analysts can analyze the potential of the organizations services and products to achieve

Food and Culture in Boston Research Paper Example | Topics and Well Written Essays - 2000 words

Food and Culture in Boston - Research Paper Example The food culture in Boston is shared largely with the food culture in New England, owing to the fact that in both regions, seafood marks the main recipes for almost every single meal that is prepared in the region (Freedman, n.p.). Dairy products also characterize the food culture in the Boston region, where most of the meals must have a dairy product component as a core recipe, not only for the home cooked foods but also for the restaurant foods. This is because; the Boston region has passed its home-based food culture to the restaurants, such that there are many restaurants in Boston that serve ethnic cuisines (La Befana, n.p.). The ethnic food culture in Boston is not only related to the American cuisines, but also to cuisines from different parts of the world, such that in the larger Boston area, different cultural restaurants serving cuisines from different parts of the world exists, such as the Italian, Korean, Thai, Chinese, Japanese and Vietnamese foods (BDG, n.p.). The culin ary life of the Boston region has undergone a renaissance over time, owing to the market culture and the bounty agricultural production, which has enabled the region to have a variety of food substances for preparing different recipes and cuisines. The market culture referred, to as the Haymarket, consists of farmers selling different agricultural products on a weekly basis, where the farmers hold an open-air market for selling mainly fruits, vegetables and dairy products (BDG, n.p.). History of culinary evolution in Boston  Ã‚