Understanding Cash Budget The other name of cash budget is finance budget. This budget is the most important of all the functional budgets. But, this budget is prepared
What is a Budget Manual? Budget manual is a small booklet that contains the details relating to budgeting organization and procedure. While implementing budgets, some forms are necessary.
What is a Budget Committee? Budget committee is one which prepares the budget and is fully responsible for the implementation of budgets. Moreover, the budget committee also exercises
Who is a Budget Officer? Budget Officer is a head of Budgetary Control Organization. He/she may be otherwise called as the Budget Director or Budget Controller. He/She receives
The ratios are classified on various basics. Such grouped ratios are presented below. Here the list or classification of various financial ratios are grouped under various topics. The
What are the procedures to forecasting working capital? The following procedure is adopted for estimating working capital. Calculating the value of total current assets. Calculating the obligation of
Benefits or Advantages of Budgeting Budgeting plays an important role in the effective utilization of available resources in order to achieve over all objectives of an organization. It
Working capital forecasting is a difficult task. The reason is that the total current assets requirements should be forecasted in estimating the working capital requirements. Working capital forecasting
Factors determining working capital requirements The quantum of working capital is depending upon a large number of factors. It is very difficult to pin point the factor which
What is Inadequate working capital? Inadequate working capital means shortage of working capital to meet the day to day operating activities of the business concern. In other words,