Management and Organizational Studies 2277A/B Chapter Notes - Chapter 3: Cash Flow Statement, Online Banking, Savings Account

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2277A/B
• Professor: Barry Hawn

Document Summary

I: a nancial statement that measures a person"s income and expenses, helps you nd out where your money is going. Income cane be generated not only through salaries but also from your investments. 2: using online banking to pay your expenses allows you to accurately check what has. Expenses been paid and what hasn"t: some use softwares to track their monthly expenses. Creating a personal cash flow statement recording your incomes and expenses allows you to see where you get your money from and where that money goes. I: younger people with less experience tend to make less than those who are in their. Stage in your career path prime earning years. Forecasting net cash flow for several months: forecasting months in ahead are the same process as budgeting for a short period except you may have to included an certain expense of things you do not expect to happen.