Event budgetingWrite a minimum of 750 words (excluding the title and reference pages) in APA format

Event budgetingWrite a minimum of 750 words (excluding the title and reference pages) in APA format with a minimum of two references addressing the following:Your event budget represents an action plan and is probably the most challenging part of financial management since the entire preparation is usually based on limited information or assumptions. Each event represents a separate budget. Each budget represents the financial philosophy of the event. Since different events are designed for different purposes, we need to determine what the financial philosophy of our event is.Conduct an internet search and identify and explain five different types of event budgets for a wide range of events, including for-profit, break-even and profit making. Select an event of your choice and develop an event budget using account codes specific for the event selected. Clearly identify fixed versus variable expenses.