Question: Instructional Objectives for this activity: Explain the federal budget process in federal accounting and financial reporting The federal government operates on a fiscal year that

Instructional Objectives for this activity: Explain the federal budget process in federal accounting and financial reporting

The federal government operates on a fiscal year that begins on October 1^st of each year. The budget process begins many months before the start of the fiscal year.

Discuss answers to the following questions and justify your response:

Explain the federal budget process.

Which step in the process do you think is the most important?Explain you answer.

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