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Cash Forecasting and Budget:
It is used to get an idea of what a cash forecasted budget any might expect to earn in a fiscal year. You take last year's expenses, increased by any percentage that you can think they might go up, also add any new expenses you expect to incur. Then take the years expected revenue, generally last years plus projected growth, and subtract the expenses. The difference is projected profit. All of this shared is a forecasted budget.
Importance of Financial Management: Proper finance is the real key to the success of any business enterprise. Without proper finance no business can survive nor can it be expa
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Details on budgetary control process
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what are the basic assumptions of financial management?
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