Level 1 - Cashflow forecast GN Flashcards
1
Q
What did you learn reading reading the cashflow forecast GN?
A
Purpose of a cashflow / different types of cashflow
What a construction cashflow looks like
2
Q
What are the 2 main types of cashflow?
A
Company cashflow
Construction project cashflow
3
Q
Why is it important to update the cashflow as the project progresses?
A
Third party cashflows (cashflows I may prepare pre contract) are not always accurate
Actual payments differ to forecasted therefore should be updated regularly so the client understand the current actual situation
