Finance Answers

Identify and describe four types and sources of data and information required for budgeting and forecasting. Explain how data is applied to budgeting and forecasting processes.

How do budgets help decision-makers decide which projects to fund? Include both internal and external funders.

How frequently should the budget review occur?

What are rolling budgets?

What role does the governance board play in regard to the budget?

How do budgets help decision-makers decide which projects to fund? Include both internal and external funders

Explain in 80–120 words which other budgets are used to prepare and check the accuracy of the budgeted statement of financial position.

What are budget assumptions and what is their relationship to business coordination? (80–100 words)

What do useful assumptions identify and what does that dictate? (50–80 words)

Our Finance teacher wants us to explain the meaning each of the following:
1. More value is preferred to less value
2. The sooner cash is received the more valuable it is
3. Less risky assets are more valuable than riskier assets