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Preparing the Operating Budget"
Please respond to the following:
From the e-Activities, discuss two (2) differences between
Michigan’s budget and your state budget in terms of budget
process, financial reporting, and costs analysis (fixed costs,
step-fixed costs, and variable costs). Justify your response with
examples.
Discuss the pros and cons of forecasting over a five to ten (5-
10) year period. Justify your response with examples.

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Preparing the Operating Budget Please respond to the following.docx

  • 1. Preparing the Operating Budget" Please respond to the following: From the e-Activities, discuss two (2) differences between Michigan’s budget and your state budget in terms of budget process, financial reporting, and costs analysis (fixed costs, step-fixed costs, and variable costs). Justify your response with examples. Discuss the pros and cons of forecasting over a five to ten (5- 10) year period. Justify your response with examples.