Cash Flow Forecasts (Leaving Cert Business): Flashcards
📚Flashcards
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Practise the cards
10 cards from this deck
Cash flow
Cash flow
Difference between money in & out of business
Cash flow forecast
Cash flow forecast
Doc predicting income & expenses over a time period
Cash surplus
Cash surplus
Receipts greater than payments
Cash deficit
Cash deficit
Receipts less than payments
Balanced cash flow
Balanced cash flow
Receipts equal payments
Net cash flow formula
Net cash flow formula
Total receipts - Total payments
Closing cash formula
Closing cash formula
Opening cash + Net cash flow
Closing cash becomes...
Closing cash becomes...
Next period's opening cash
Why cash flow vital
Why cash flow vital
Profitable firms can fail without cash for bills
Cash flow forecast benefit: Access to finance
Cash flow forecast benefit: Access to finance
Shows lenders amount needed & likelihood of success
