ENSP (Financial Plan)

FINANCIAL MANAGEMENT: REQUIREMENTS TO KEEP GOOD FINANCIAL RECORDS

	Draw them BEFORE you find Capital to operate the Business	A budget is a proper financial plan showing future income & expenses. Thus, the budget serves to CONTROL EXPENSES.	Budget will show if you have achieved your financial objectives	SALES BUDGET (FORECAST)	OPERATING EXPENSE BUDGET	CASH FLOW STATEMENT	What sales are expected in the future. Show seasonal Fluctuations.	(To avoid Cash Shortages).
SALES BUDGET (FORECAST) depicts?
What is a CASH FLOW STATEMENT used for
WHAT ARE THE REQUIREMENTS TO KEEP GOOD FINANCIAL RECORDS:

TO KEEP GOOD FINANCIAL RECORD YOU NEED TO DEVELOP A FINANCIAL PLAN

True

False

Joe has variable costs of R87.00 and He charges R300 for TV repairing service Calculate Profit mark-up per unit, Mark-up % and Gross profit %

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