Discuss the use of cash flow forecasts and financial budget to aid in decision making
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A cash budget details a company's cash inflow and outflow during a specified budget period, such as a month, quarter or year. This helps the company make critical decisions such as creating cash reserves to make arrangements for projected shortages and using excess funds prudently.
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The cash flow statement is a financial repoet that records a company's cash inflows and outflows at a time . It si one of the most essential elements in the financial management of a company since it os an important indirecter of the firm's liquidity .
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