Consultancy

Consultancy

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Budgeting and Forecasting (B and F)

Budgeting includes the preparation of financial reports prepared before the accounting period(s) usually showing planned income, expenditure, capital employed or cash flow.
Forecasting is the prediction of relevant future factors affecting a business and its environment and may be used as the basis for preparing budgets, for example a sales forecast or cash flow forecast.

A business plan is a comprehensive report which could contain:

• the organisation’s mission statement
• a written report summarising the business plan
• market research
• budgeted expenditure and sales forecasts
• budgeted profit and loss account
• cash flow or funds flow statement.