MGM101H5 Chapter Notes - Chapter 11: Unsecured Debt, Operating Budget, Cash Flow
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MGM101H5 Full Course Notes
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Finance function in a business that acquires funds for the firm and manages those funds within the firm (i. e. budgets, cash flow, etc. ) Financial management job of managing a firms resources so it can meet its goals and objectives. Financial manager managers who make recommendations to top executives regarding strategies for improving the financial strength of a firm. They should be able to understand accounting information. Financial planning involves analyzing short-term and long-term money flows to and from the firm. Establishing financial control to see how the company is doing. Short term forecast forecast that predicts revenues, costs, expenses for a period of time under a year. Cash flow forecast forecast that predicts the cash inflows and outflows in future periods, usually by months or quarters. Long-term forecast forecast that predicts revenues, costs, and expenses for a period longer than one year, and sometimes as far as five or ten years in the future.
