Accounting information is used for planning of financial processes, company performance evaluation, and both operational and capital budgeting, among other usages. In essay format, please define, and provide an example of each of the three usages stated as requested in the Instructions below.

INSTRUCTIONS:

In your essay response, please include five paragraphs as follows:

(1) (opening paragraph) state what will be covered in this essay;

(2) define "planning of financial processes" and provide an example of one planning activity studied in this course;

(3) define "company performance evaluation" and provide an example of one performance measure studied in this course;

(4) define "operational budgeting" and "capital budgeting" and provide an example of each type of budgeting; and

(5) (closing paragraph) summarize how you use (or will use) the information learned from this course in your company role.

The list above provides clarity of the format for your response. Please do not list your response, but write sentence paragraphs in essay format. Dotted lists will not receive any points. Each of the five paragraphs must contain at least three sentences and is worth 8 points for a possible total of 40 points for this required essay.