BUSS1030 Lecture Notes - Lecture 12: Cash Flow Statement, Financial Statement, Vision Statement

• School: University of Sydney
• Department: Business
• Course: BUSS1030
• Professor: Abdul Razeed

Document Summary

Explain the relationship between corporate objectives, long-term plans and budgets, Explain the role of projected financial statements, prepare and evaluate a simple set. Of projected financial statements, explain how each of the statements is useful for. Planning and decision-making, and discuss how spreadsheets can assist in the. Projected financial statements: valuable for developing long-term strategic plans, help managers make informed decisions about the future of a business. Projected financial statements may be prepared on the basis of: an optimistic view of likely future events, pessimistic view of likely future events. Assumptions and estimates relating to cash flow statement include: profit, depreciation adjustment/asset disposals, acquisitions of non-current assets, levels of working capital, loans raised and repaid, taxation, dividends, capital raised or redeemed. Define a budget, set out the main components of the budget-setting process, explain. How the various budgets interlink, and identify the main uses of budgeting.