BUS-101 Lecture Notes - Lecture 39: Budget Control Act Of 2011, Cash Flow, Financial Plan
2 May 2016
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Don"t put all your eggs in one basket . Rather than investing everything in one company/ industry, spreading your funds across a variety of investment opportunities can earn higher returns in the long run. Shows how integrated all of the functional areas of the business enterprise are, and how involved the cfo is in the strategic decisions made by the firm. Accountants provide the data that the financial managers use to make decisions: forecasts. The first step of the financial planning process. Generating a prediction of the upcoming financial needs of the firm: cash flow forecast. = a prediction of the amount of money expected to come into and out of the company. Impacted by elements such as proposed significant financial outlays, sales forecasts, and predictions of future changes in materials and other costs of business. Made by financial managers, the firms managerial accountants, the ceo, and senior managers.
