Tag: Budgeting
Budgets and cash flow forecasts
A budget is a plan, which is set out in numbers. It sets out figures that an organisation like a company hopes to achieve in the future. For example, a company like...
Analysis of profitability, liquidity and performance
The profit of a business is the difference between its revenues and its costs. It is important to consider two main types of profit:
1.Gross profit - this is calculated by deducting the cost...
The personal budget
A budget is a plan, which is set out in numbers. It sets out figures that an organisation like a company hopes to achieve in the future. For example, a company like...
Products that can help you manage your personal finances
Banks provide a number of important financial services to business:
Loans
Provide businesses with expansion capital. A secured loan is one that is guaranteed by some form of asset such as buildings and property....
Estimating the profit or loss of a business
By law companies are expected to produce financial statements each year. These statements appear in Company Reports.
There are two main financial statements:
1.The profit and loss account, and
2.The balance sheet.
The profit and loss...
Using a budget
A budget is a plan, which is set out in numbers. It sets out figures that an organisation like a company hopes to achieve in the future. For example, a company like...
Calculating the profit or loss of a business
Two of the most important financial statements for a business are the Profit and Loss Account, and the Balance Sheet. The Profit and Loss Account shows the profit or loss of a...
Budgeting and strategy
What is a budget?
A budget is a financial plan that sets out, using figures, an organisation's expected future results. For planning purposes, organisations can use many different types of budgets. For example:
Income...
Planning a budget
Davis Service Group is a large public limited company employing around 17,000 people. Its shares are quoted on the London Stock Exchange.
The business is based on service contracts to source, clean and...
The benefits of budgeting
Zurich Insurance Group is a leading global provider of insurance services. Zurich’s mission is to help customers understand and protect themselves from risk. The company employs 60,000 staff and serves customers in...
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