Management and Organizational Studies 2277A/B Chapter Notes - Chapter 3: Current Liability, Investment Company, Income Statement

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melissauwo

9 Nov 2022

School

Western University

Department

Management and Organizational Studies

Course

Management and Organizational Studies 2277A/B

Professor

Barry Hawn

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Document Summary

Chapter 3 : planning with personal financial statements. Explain how to create your personal cash flow statement. Identify the factors that affect your cash flow. Explain how to create a budget based on your forecasted cash flows. Describe how to create your personal balance sheet. Calculate financial ratios used to analyze personal financial statements: personal cash flow statement. When budgeting, the first step is to create a personal cash flow statement. Personal cash flow statement : a financial statement that measures a person"s income and expenses. It allows you to see where your money is going. The main source of income is salary, but it also can be in the form of interest income, dividends and capital gains. Expenses can be both large and small; rent, living expenses or credit card payments. Personal cash flow statement can be created by recording how you received income over a given period and how you used cash for expenses.

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Management and Organizational Studies 2277A/B Chapter Notes - Chapter 3: Current Liability, Investment Company, Income Statement

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