While stakeholders in a business organization have a use for the published Final Accounts, different stakeholder groups have unequal access to information.
Posts tagged as “Cash Flow Forecast”
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.
Cash Flow Problems include primarily three things – poor Cash Inflows, increasing Cash Outflows and having negative Closing Balance.
Both Cash Flow Statement and Cash Flow Forecast only deal with cash. All firms should engage in forecasting theirs cash flows.
Cash Flow shows movements of cash within a business. Cash Flow relates to the timing of payments – receiving cash and spending cash.
Final Accounts are records of all financial transactions of the business. At the end of each accounting period accountants draw up the Final Accounts.
Finance is money. And money for a business means cash. Cash is the money that a business receives from the sale of products.