You have now successfully prepared the budget for the financial year 2022/2023. As per the company's procedures,

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Question:

You have now successfully prepared the budget for the financial year 2022/2023. As per the company's procedures, the budget must be approved by the stakeholders before its implementation. Your Task: In this activity, you will act as the Business Manager, and you are responsible for obtaining approval for the budget. You need to write a Briefing Report to the company CEO, Senior manager and Company Accountant and discuss the budget prepared in Task 4 as well as give a brief overview and shortlist the best option for a new accounting system. You need to perform the following task ensuring you cover all of the below points: Provide the overview of the budget to all the stakeholders prepared in Task 4 Discuss the major reasons for the previous year profits and losses (including all relevant details as given to you in the attachments in Task 4) Discuss the assumptions made within the budget. Examine and discuss the critical dates and initiatives in the business plan and cash flow trends (utilising attachment C specifically) Identify and discuss the reporting requirements for each quarter. Discuss how to implement and monitor the budget expenditure on a regular basis. Confirm there are no misappropriation .