Articles: 1,465 · Readers: 752,000 · Views: 2,244,142 The Chief Financial Officer (CFO) of a business is in charge of preparing budgets for the whole firm. He is the person in charge of the Finance Department.
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Budgeting is specific financial planning into the future for the whole business, agreeing to the plans, and then following them through the year.
For many years in the past I wanted to live a different life. I wanted to be someone else. If you want to be someone else, please stop for your own sake.
As personal managers of our own life and business managers of our companies, each and every one of us should plan future finances to some degree – do budgeting.
Window Dressing includes presenting financial information of a business in a way that it improves only the ‘appearance’ of the firm’s performance
While stakeholders in a business organization have a use for the published Final Accounts, different stakeholder groups have unequal access to information.
While we as business managers have already known how to solve Cash Flow problems, it is better to prevent the diseases than cure it.
Cash Flow Forecast helps to ensure that the Cash Flow position of a firm is carefully monitored to identify any potential problems before they occur.
The main aim when solving Cash Flow problems is to improve the cash position of the business, not to increase sales revenue or maximize profits.
Cash Flow Problems include primarily three things – poor Cash Inflows, increasing Cash Outflows and having negative Closing Balance.
This article introduces the main parts of a typical Cash Flow Statement. All Cash Flow Statements record essential predictions grouped into five basic sections.
Both Cash Flow Statement and Cash Flow Forecast only deal with cash. All firms should engage in forecasting theirs cash flows.
Every business must be able to pay for its day-to-day expenses. In order to finance them all, the business must have sufficient Working Capital.
Let’s take a closer look how Cash Flow, investment and profit are interlinked with each other in a business organization.
Cash and profit are important. However, businesses often fail because they do not understand the difference between cash and profit.
This article explains how the money is earned from the stock market, so you can be clear about expectations towards trading on the stock exchange.