BUSINESS

What does. financial plan include?

• expenses

• needs

• goals

• benchmarks

• past revenue

financial planning steps

• identify & purchase assets

• dress accounting requirements

• need and forecast

accounting has to do with _ and _

FORMAT: (1/2)

accounting helps make a business more _

• effective

• efficient

The financial manager

• manages funds

• makes sure business meets obligations

• Find sources for funds

what is a budget in a business

• A budget is a tool for marketing strategies.
• A budget is a list of employee names.
• A budget is a record of past sales.
• A budget is a financial plan for a business that estimates expenses.

there are three types off budget, what are they?

• Sales budget, operational budget, investment budget
• Operational budget, start budget, cash flow budget

• Marketing budget, financial budget, production budget
• Revenue budget, expense budget, project budget

the start up budget is for what

• The startup budget is for purchasing office furniture.
• The startup budget is for marketing strategies exclusively.
• The startup budget is for hiring employees only.
• The startup budget is for planning initial expenses and revenues for a new business.

the operating budget covers day to day

• True
• False

fiscal period is like tax period

• True
• False