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What do you call a financial budget that estimates cash flows on daily basis or weekly basis to ensure that the company can meet its obligations?
Wiki User
∙ 10y ago
A cash budget.
Wiki User
∙ 10y ago
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What are the major processes of budgeting?
Major processes of budgeting are: 1.preparation of estimates of revenue 2.preparation of estimates of expenditure 3.presentation of budget in parliament 4.general discussion in parliament on budget 5.voting of demands 6.passing of financial bill 7.exection of budget 8.budget becomes law after the assent of president 9.distribution of funds.......
What is a master budget?
Master budget is the overall financial budget of company which includes budgets as follows:Sales BudgetProduction budgetSelling and administration budgetsCash budgetPro forma Income Statement & balance sheet etc.
Explain the purpose and nature of budgeting process?
3.1 Purpose and nature of budgeting process adoptedBudget is a monetary plan of a department, project, or organization that estimates probable income and expenditure of a specific period. From government, large corporation to small company, family or individual prepare budget. Purpose of budget:Estimating future income, expenditure and obviously profitabilityProviding a financial framework to managers for decision makingAnother purpose of budgeting is to help managers to compare the estimated output with actual performanceNature of budgeting process adopted in the case:Estimated the financial environment on the basis of last budgetDetermined the probable amount of cash will be generated from sales or other activitiesDefined the required expenditure such as raw materials,labors, production overheads and advertisements.Then subtracting estimated expenses from estimated revenues. Whether the budget is surplus or deficit is determined.After review and revised then final budget is submitted.After the budget period ending, then estimated results are compared with actual result. Actually budgeting process may be differs from budget to budget, company to company.
What are budget accounts?
A budget account is a type of account which tracks the budget for a company. It also keeps track of the expenditures and deposits of the company.
What is the disadvantage of budgeting?
Distortion is caused by cash budgets. Influence of non-financial factors will also affect the final decisions when it comes to cash budgets. Cash budgets are vulnerable to manipulations. The major disadvantage is that cash budget relies on estimates.
What is supplementary estimates?
In government terms they are bills that alter how the money the government has is spent. Each year the treasurer hands down the budget, detailing the financial expenditure for the next financial year, supplementary estimates are used if this were to change.
Explain the term budget Not Term buget or any other budget just the term Budget meaning in general please?
A budget is a description of a financial plan. It is a list of estimates of revenues to and expenditures by an agent for a stated period of time. Normally a budget describes a period in the future not the past. :)
Key activities of a financial manager?
A financial manager has three main duties. They are to manage the budget of the company, keep a report of all financial transactions and to manage the financial team.
What is the difference between financial budget and a financial budget?
There is no difference between them.. Their difference only is how you understood about financial budget.. :)
What are the major processes of budgeting?
Major processes of budgeting are: 1.preparation of estimates of revenue 2.preparation of estimates of expenditure 3.presentation of budget in parliament 4.general discussion in parliament on budget 5.voting of demands 6.passing of financial bill 7.exection of budget 8.budget becomes law after the assent of president 9.distribution of funds.......
What are financial jobs?
Financial jobs are all jobs that deal with the finances or money of a company like Accountants, Auditors, Budget Officers, and the likes.
How does the company FedBizOpps work?
The main purpose that the company FedBizOpps follows is that it is a company that helps small business manage their budget. It is pretty much a financial manager.
What is master budget?
Master budget is the overall financial budget of company which includes budgets as follows:Sales BudgetProduction budgetSelling and administration budgetsCash budgetPro forma Income Statement & balance sheet etc.
What is a master budget?
Master budget is the overall financial budget of company which includes budgets as follows:Sales BudgetProduction budgetSelling and administration budgetsCash budgetPro forma Income Statement & balance sheet etc.
What was the budget for Mad Max Fury Road?
IMDB estimates this budget to be US$150,000,000.
What is the budget of Financial Consumer Agency of Canada?
The budget of Financial Consumer Agency of Canada is 10.7 dollars.
What phase the budget and execution process includes developing policies objectives and budget estimates?
formulation
