July 2012
Beginner to intermediate
328 pages
5h 38m
English
How budgets and forecasts can be used for financial management and planning, creating ‘what if’ scenarios. Cost control, raising finance and cash flow control are also discussed.
Our perception of how budgets and forecasts are used will be based mainly on our own experience and knowledge of our company’s policies. In practice though, budgets and forecasts are so flexible that there are as many ways they could be applied as there are individual managers. So during this chapter please bear in mind that there can be any number of variations on the basic themes.
In Chapter 1 we looked at an outline ...