a prediction of the inflow and outflow of money in a business
a person who is the exclusive owner of a business entitled to keep all profits after tax and is liable for all losses
an assosiation of two or more persons engaged in a business enterprise in which the profits and losses are shared proportionally
private limited company
offers limited liability or legal protection for its shareholders but that places certains restrictions on its ownership
public limited company
liablity of each shareholder is limited to the amount of the capital agreed to be invested by him in it; liability does not extend to the members other assests
data base, spread sheets, internet. SYS needs good internet to be able to run properly due to it operating online.
excel, edexel. used to draw up budgets and cash flow forecasts, records of sales, present year-end accounts. helps collect customer feedback, orders new materials.
detailed documents describing a business. contains info of marketing , finance, aims and objectives, location, types of finance. used to monitor on going performance
human resources, material resources, information resources and financial resources.
fixed costs, semi-variable costs and variable costs.
price X quantity
revenue - total cost
contribution per unit
selling price punit - unit variable costs
fixed costs devided by selling price - variable cost
net cash flow
cash inflow - cash outflow
fixed costs + variable costs
net cash flow + opening balance
a particular amount of money given to a certain department to spend.
adverse and favourable
adverse- if you spend more than the budget
favourable- if you spend less than the budget
the use of forecastd and actual budget data and the analysis of variences
cash flow forecast
prediction of the inflow and out outflow of money in a business