Answered: Roath plc has a large finance function.…

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter1: Quality Auditing: Why It Matters

Section: Chapter Questions

Problem 2CYBK

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Question

Roath plc has a large finance function. In two different sections of the finance function, the cash budget is being updated and a breakeven analysis is being prepared for a new product
Staff in which sections of Roath pic's finance function will be involved in this work
A. In the management accounting and treasury management sections
B. In the financial reporting and treasury management sections
C. In the management accounting and transactions recording sections
D. In the financial reporting and transactions recording sections

Definition Definition Estimate of an organization's cash flow for a future period. A cash budget forecasts future cash receipts and payments from various sources for a fiscal year. A cash budget can be created once a month or once a week to determine the organization's cash position and ensure its performance in relation to the budget. It aids in determining whether the company has enough cash and cash equivalents to meet its operational needs in the future.

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