budgeting Flashcards
1
Q
forecast
definition
A
a prediction of whats likely to happen in the future
2
Q
budget
definition
A
quantified plan of what organisations intend should happen in the future
3
Q
budget
positives
A
+ motivating
+ gives clear goal
4
Q
budget
negatives
A
can be demotivating if target unrealistic
5
Q
how do you log trade recievables in a budget
A
only once theyve actually been paid
6
Q
how do you log trade payables in a budget
A
only once youve paid them
