A cash flow forecast is ...

Cash Flow Forecasting

Flashcard
•
Business
•
11th Grade
•
Easy

Jennifer Covel
Used 1+ times
FREE Resource
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28 questions
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1.
FLASHCARD QUESTION
Front
Back
A document showing the predicted flow of cash into and out of a business over a period of time, usually 12 months.
2.
FLASHCARD QUESTION
Front
Cash flow forecasting is important because ...
Back
It allows businesses to ensure they have a healthy cash balance to meet financial commitments, identify shortfalls, and make plans to prevent problems.
3.
FLASHCARD QUESTION
Front
Cash inflows are...
Back
Money coming into the business, including cash sales, credit sales, loans, capital, sale of assets, and bank interest received.
4.
FLASHCARD QUESTION
Front
Cash outflows are ...
Back
Money going out of the business, including cash purchases, credit purchases, purchase of assets, VAT, general expenses, bills, rent/rates, salaries, and wages.
5.
FLASHCARD QUESTION
Front
Net Cash Flow is...
Back
Net Cash Flow is the difference between Cash Inflows and Cash Outflows (Inflows – Outflows).
6.
FLASHCARD QUESTION
Front
The opening balance is ...
Back
The amount of cash expected to be in the bank at the start of the month. It comes from the closing balance of the previous month.
7.
FLASHCARD QUESTION
Front
The closing balance is ...
Back
The amount of cash expected to be in the bank at the end of the month. It is calculated by adding Net cash flow and opening balance.
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