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Essay Available:
Pages:
1 page/≈275 words
Sources:
1 Source
Style:
APA
Subject:
Accounting, Finance, SPSS
Type:
Coursework
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 6.32
Topic:

Uncertainties in Cash Budgeting and Strategies to Cope with Them

Coursework Instructions:

Describe three elements that can cause uncertainty within an enterprise's cash budget and provide your rationale for including each element. If you were the CFO of a company, what techniques would you use to cope with this uncertainty? How might your coping strategies differ when managing a large company (1,000+ employees) versus a significantly smaller company (100+ employees)? Cite and Reference needed.

Coursework Sample Content Preview:

Uncertainties in Cash Budgeting
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Uncertainties in Cash Budgeting
Companies continue to struggle to preempt their cash inflows and outflows. Such an inaccuracy could be attributed largely to the uncertainties in predicting the sales volumes of an organization. According to Hazır and Ulusoy (2020), the unpredictability of sales volumes within an organization could be attributed in part to variables such as changes in economic conditions as well as variations in the marketing of rival products. As a result, an inaccuracy in the forecasting of sales within an entity is one of the most significant aspects that result in uncertainties in cash budgeting within a firm. Inaccurate projection of operational costs in an organization, such as production expenses, is the other factor that leads to uncertainty in cash budgeting. Ho (2018) asserts that cash budgeting primarily involves forecasting revenues as well as expenditures. Thirdly, inaccuracies in cash bu...
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