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Money Bag

Unit 3 - Finance & accounts

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Chart Increasing

Unit 1 - Introduction To Business Management

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Briefcase

Unit 2 - Human Resource Management

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Direct Hit

Unit 4 - Marketing

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Factory

Unit 5 - Operations management

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Bar-Chart

Unit 6 - Assessment

<ul>
	<li>Picture This: It&#39;s like seeing your future bank statement!</li>
	<li>Predicts cash coming in (inflows) and cash going out (outflows) for a certain period.</li>
	<li>It&#39;s like a fortune teller&#39;s ball for your business&#39;s money moves! 🔮💸</li>
</ul>

<ul>
	<li>Selling those cool products or business assets.</li>
	<li>Payments from those who owe you money (debtors).</li>
	<li>Money pumped in by your business buddies (shareholders).</li>
	<li>Borrowing from the bank (Thanks, bank! 🏦).</li>
</ul>

<ul>
	<li>Buying materials or big, shiny things (fixed assets) with cash.</li>
	<li>Ongoing expenses like rent, wages, and that Netflix subscription (just kidding, or am I?).</li>
	<li>Paying the people you owe (creditors).</li>
	<li>Repaying bank loans.</li>
	<li>Giving a bit of cash love back to the shareholders.</li>
</ul>

<ul>
	<li>Opening cash balance: The cash you kick off with each month. Think of it as your starter pack.</li>
	<li>Total cash inflows: Add up all the cash that rolled in during the month.</li>
	<li>Total cash outflows: Sum of all the cash that rolled out.</li>
	<li>Net cash flow: It&#39;s simple maths! Total inflows minus total outflows. 🧮</li>
	<li>Closing cash balance: Estimated cash at month&#39;s end. It&#39;s the opening balance + net cash flow.</li>
</ul>

Fun Fact: XYZ Ltd had a shrinking cash amount since March. Why? Negative net cash flows! And if they made $12,000 cash sales in December of the previous year, maybe they&#39;re offering too long credit periods. What do you think? 🤔

<ul>
	<li>Cash flow forecasts? They&#39;re based on guesstimates.</li>
	<li>The closer your guess to reality, the more awesome (and accurate) your forecast!</li>
</ul>

<ul>
	<li>Planning: Perfect for future business moguls. Know what to expect, dodge those pitfalls, and soar to success!</li>
	<li>Loan Lifesaver: Banks 💙 forecasts! They can check if your business is a safe bet.</li>
	<li>Cash Alerts: Forewarned is forearmed! Know when you&#39;ll need cash and plan how to get it.</li>
	<li>Keeping Track: Like a financial fitness tracker! 🏃&zwj;♂️💰 Compare predicted vs. actual figures and fix issues ASAP.</li>
</ul>

Real-World Example: Imagine you&#39;re planning a mega birthday party. You&#39;d estimate how much cash you&#39;ll get as gifts and how much you&#39;ll spend on pizza and decorations. This is your personal cash flow forecast! Over time, you can compare your guesses to real numbers and adjust for the next epic bash!

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Takeaway: Cash flow forecasts? They&#39;re your business&#39;s roadmap to success, helping you navigate the unpredictable world of money! 🗺💵 🚀

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Happy Studying! 🎓📚🎉

Unit 3 - Finance & accounts

Mastering Cash Flow Forecasts Predict Future Finances

Table of content

Cash flow forecasts - what's the buzz? 🌟

Cha - ching! incoming cash (inflows) 💰

Whoosh! outgoing cash (outflows) 💸

Unlock the Full Content!

Unit 3 - Finance & accounts

Mastering Cash Flow Forecasts Predict Future Finances

Table of content

Cash flow forecasts - what's the buzz? 🌟

Cha - ching! incoming cash (inflows) 💰

Whoosh! outgoing cash (outflows) 💸

Unlock the Full Content!