GENERAL Use data from Milestone One and the Part II Assumptions tab (the red tab) for your statement preparation. BUDGETED FINANCIAL STATEMENTS Prepare a budgeted income statement. Prepare a budgeted balance sheet. In a separate Word document *Refer to Final Project II Assignment Guidelines and Rubric document ANALYZE DATA 1. Briefly summarize each department's budget - its purpose, what the numbers represent, how they can be used. Also, discuss the month to month variances, what they mean, and why they are important. 2. Explain two variances that might cause concern or prompt further analysis. In a separate Word document or PowerPoint Presentation EXECUTIVE BRIEF PRESENTATION 1. Create an executive briefing presentation in which you briefly summarize all budgets. Include all supporting documentation (the budgets/statements) as addendums to the brief. Course 311 cost account