Budgets are like road maps -- they provide a direction for a
corporates financial management. Balance sheets and statements of
revenues also provide insights into how well a company is following
that direction. But cash flow and cash flow forecasts are what
guide the day-to-day itinerary for an organization.
Budgets and cash flow are dynamic -- adjustments and changes can
and should occur. If you understand what you are looking at, you
can use cash flow to create better budgets and thus more accurate
cash flow forecasting.
Cash Flow Forecasting outlines the techniques required to undertake
a detailed analysis of the cash flow dynamics of the business from
both a historical and forward looking perspective.
Cash Flow Forecasting explains how to:
* Determine appropriate cash flow figures from pro forma financial
statements
* Interpret detailed cash flow forecasts and understand the
difference between profit and cash flow
* Conserve or generate cash in the short term
* Evaluate different methods of project evaluation
* Recognize the limitations of accounting information in valuing
companies
*Inspired by basic entry level training courses that have been
developed by major international banks worldwide
* Will enable students and those already in the finance profession
to gain an understanding of the basic information and principles of
cash flow forecasting
* Includes questions with answers, study topics, practical "real
world" examples and extensive bibliography
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