BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A financial plan explains how a business will manage its records. A cash budget is a plan for the amount expected to be spent and earned over a given period of time. An audit is a collection, recording, and reporting of financial transactions.

Detailed explanation-2: -A financial plan consists of five budgets that detail the minimum requirements for starting your business, the investments you will need to make and how you plan to finance them. This allows you to determine whether your business idea is viable.

Detailed explanation-3: -A financial plan is simply an overview of your current business financials and projections for growth. Think of any documents that represent your current monetary situation as a snapshot of the health of your business and the projections being your future expectations.

Detailed explanation-4: -A cash flow statement shows how much cash a company has on hand, as well as how much cash it is generating (or losing) over a specific period of time. The statement includes both operating and non-operating activities, such as revenue from sales, expenses, investing activities, and financing activities.