Section 3 - Financial Decision making

Cash Inflow

• Money paid out or spent.

• Money received from various sources

• Anything on which we spend money

• Those expenses that remain the same from period to period.

Cash outflow

• Money paid out or spent.

• Money received from various sources

• Anything on which we spend money

• Those expenses that remain the same from period to period.

expense

• Money paid out or spent.

• Money received from various sources

• Anything on which we spend money

• Those expenses that remain the same from period to period.

fixed expense

• Money paid out or spent.

• Money received from various sources

• Anything on which we spend money

• Those expenses that remain the same from period to period.

Variable expense

• Money paid out or spent.

• Those expenses that may change from one period to the next.

• Anything on which we spend money

• Those expenses that remain the same from period to period.

what is a short term goal

• plan to accomplish within the next year.

• aim to meet within the next one to five years.

• more than five years to accomplish.

what is a Intermediate term goal

• plan to accomplish within the next year.

• aim to meet within the next one to five years.

• more than five years to accomplish.

what is a Long term goal

• plan to accomplish within the next year.

• aim to meet within the next one to five years.

• more than five years to accomplish.

expense

• Those expenses that may change from one period to the next.

• Those expenses that remain the same from period to period.

• Anything on which we spend money.

fixed expense

• Those expenses that may change from one period to the next.

• Those expenses that remain the same from period to period.

• Anything on which we spend money.