Assignment
a. While keeping cash flow management in mind: identify five key processes that are considered the most significant financial issues that must be planned, controlled and managed for the successful completion of a job. Elaborate on how these processes will work together for this purpose.
b. Explain how the cost-schedule integration method fails to identify cash disbursements from project expenses.
c. Describe how cash flows are different from revenues and expenses.
d. Explain how the cash flows of a simple trading business work when it is concentrating on the following three main things: cash, overheads, and inventory.
e. Why is cash flow considered predictable and manageable?
f. Explain the following statement: "Cash flow is lowest when sales growth (in current dollars) is rapid."
g. Explain the following statement: "The usual measures of cash flow-net income plus depreciation (NIPD) or earnings before interest and taxes (EBIT)-give a realistic indication of a company's cash position only during a period of steady sales."
h. Explain the most important objective of the cash flow statement.
i. What is the most basic tool for assessing and modifying, and categorizing financial activities in a company? Provide an example.
j. Why is budget gaming and is it good or bad for budgeting? Defend your answer.
k. If a manager reports a positive difference between budgeted funding available and actual spending this will result in what? What does this mean for the company?
l. When a manager is analyzing the magnitude of the budget variances for cost centers relative to those of operating expenses, she is targeting what issue?
m. Explain how increasing costs to achieve growth works as a strategy to obtain capital for growth. Give an example.
n. Explain how customer churn is different than negative market growth. Provide an example.
o. What are two of the best practices that can significantly reduce the risk and exposure that comes from not having a methodology in place to alert accounts payable professionals to recovery available from duplicates, overpayments, and fraud?
Format your homework according to the give formatting requirements:
a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
b. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.