You were recently hired as Management Director of the new I Can Business Incorporated (CH). You have been asked to establish policies and systems for the business. The first one you choose to work on isa financial reporting system. For this assignment, you must develop a 65 page memo that you will deliver to the Board of Directors. You will describe what a financial reporting systems and explain how the management team at ICHI should use an activity based budget instead of an operating budget. Be sure to explain the similarities and the differences of the two. Finally, give examples of budget guidelines for ICBL You must answer the following Describe the meaning and the components of a financial reporting system plain the budget process Describe a budget contingency plan Give an example of financial guidelines that it should follow to successfully plan for finance management Identity and describe at leasts basic financial guidelines Remember to use the library or other credible resources to support your argumente sure to cite your sources using the correctandard of APA Please submit your assignment Your augment will be graded in accordance with the following criteria Click here to view the grading rubric For assistance with your assignment please use your text. Web resurces and all course materials Other Information