Answered: Which of the following is a reserved…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

45. Which of the following is a reserved activity for which ICAEW is a recognised professional regulator?

Actuarial
Procure
Management consultancy
Corporate treasury

46. The finance Director of Wisden Ltd is establishing the company’s treasury management system. Which of the following activities will be part of the system ?

(1) Preparing a cash budget

(2) Budgeting forr production

(3) Preparing a tax return

(4) Management working capital

1 and 2
1 and 4
2 and 3
3 and 4

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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