They allow for comparison between previous time periods and other competitors
They enable mangers to focus on certain areas of the business
They also motivate staff to work towards clear targets
1 of 5
What is a financial objective?
An aim that outlines a clear financial target for a business to work towards
2 of 5
When managing cash flow firms should delay inflows of cash, true or false?
False, firms should delay outflows
3 of 5
What is a problem with cash flow forecasting with new businesses?
Owners may lack the skills and experience to make these forecasts
4 of 5
what are the types of profit
Gross profit
operating profit
profit for the year
5 of 5
Other cards in this set
Card 2
Front
What is a financial objective?
Back
An aim that outlines a clear financial target for a business to work towards
Card 3
Front
When managing cash flow firms should delay inflows of cash, true or false?
Back
Card 4
Front
What is a problem with cash flow forecasting with new businesses?
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