Cashflow and Budgeting

Cash flow can be defined as

• cash received in doing business, being an employee, or as a self employed individuual

• the net amount of cash and cash equivalents being transferred in and out

• cash spent on daily operations such as necessary expenses

• money in coins or notes, as distinct from checks, money orders, or credit

Factors affecting finances are

• money, coins, bank notes, funds

• cash,cash equivalents, loans, payables

• income,expenses,assets,liabilities

• investments, properties, supplies, inventory

Cash flow in business are classified into

• operating,investing,financing

• income,expenses,budgeting

• assets,iabilities,equity

• inflows,outflows,breakeven

Income can be defined as

• thing or things belonging to someone; possessions collectively

• cost required for something; the money spent on something

• The process of investing money for profit or material result

• inflows of economic benefit from business, employment, investment

What is budgeting?

• the systematic and comprehensive recording of financial transactions pertaining to a business, and it also refers to the process of summarizing, analyzing and reporting

• it is what a company employs to record and manage its financial or accounting records, including income and expenses

• is a systematic approach, that predicts revenues and expenditures of an individual, business entity, or government

• all of the aforementioned

The picture is a general example of items of

• high priority

• wants

• needs

• all of the aforementioned

the picture is an example of

• low priority

• wants

• needs

• none of the aformentioned

this image is an example of

• discretionary expense

• variable expense

• fixed expense

• unnecessary expense