financial year? Use examples to explain the enteries that would appear on the cash flow budget but would not be present on the trading budget.
1) Explain why the majority of financial managers find it desirable/neccessary to prepare a cash flow for the forthcoming financial year.
2)Describe how a financial manager might use a cash flow budget as the basis of a budgetary control system.
1) Explain why the majority of financial managers find it desirable/neccessary to prepare a cash flow for the forthcoming financial year.
2)Describe how a financial manager might use a cash flow budget as the basis of a budgetary control system.