Team SuperProfs

Team SuperProfs

Short Notes on Cash Flow Statement

CASH FLOW STATEMENT Paradoxically a situation arises when profits are reported but the negative cash flows are experienced by the business entities. Hence, it is of the essence that the changes in cash position be depicted; to know the cash…

Important Notes on Zero- based budgeting

Many companies use some form of Zero-based budgeting, which is a budgeting process where no amounts carry over from prior years and no programs are considered pre-approved. In this lesson, we’ll learn why companies do this and how the process…